Are you worried about how to start a bookkeeping business in the UK? It is quite a rewarding venture to begin a bookkeeping business in the UK. However, you need to be very careful while pla… Read More

It might be thought that the taxation of interest and dividends should be fairly straightforward, but changing rates and particular rules and exemptions have somewhat muddied the waters. Thi… Read More

In property transactions, an option agreement will sometimes be made between an individual property seller and a prospective buyer. You have the Option… An option is broa… Read More

What are the reasons to use mobile accounting apps in the UK? As the business landscape of the UK is evolving rapidly these days, you have to ensure the financial management to achieve long… Read More

When a married couple runs a business together through a limited company, proper tax planning would dictate that both spouses own shares to receive dividends. Salaries may or may not be paid… Read More

Why automated accounts are payable for your clients in the UK? If you are associated with the UK business or finances, management of accounts payable is crucial. It is one of the essential a… Read More

What is the advice for selling an accounting practice in the UK? People often find selling advice as an accountant a daunting and complex task in the UK. Most of the time, the reason is that… Read More

Being a director does not, in itself, make that individual an employee of the company. A directorship is an office, not necessarily an employment. However, if the company enters into a servi… Read More

Are you wondering about how to improve the accounting elevator pitch in the UK? If you are working in the capacity of an accountant in the UK, you must be aware of the importance of effectiv… Read More

Looking for ways to promote your value to the client in the UK? Then you are on the right page as this guide is based on promoting your values to the clients in the UK. It is crucial to demo… Read More

How to profit from payroll service? If you are an entrepreneur or a business owner, you are already aware of the complexities of managing the payroll in the UK. Especially when the UK tax la… Read More

The income tax legislation regarding pool cars (ITEPA 2003, s 167(3)) sets out the conditions for a car to be a pool car. These include the following: The car was made available to, and actu… Read More

Pomp and pageantry aside, the King’s Speech on 17 July 2024 marked the opening of the UK Parliamentary session for the UK Labour government. It included four bills to highlight, though… Read More

Wondering about what is e-invoicing in the UK? With the increasing tendency of technology, businesses in the UK are looking for something innovative that can innovatively manage the business… Read More

What are the benefits of offering cloud payroll services in the UK? In the fast-paced business world, everyone is fighting to stay ahead of the game in the UK. All businesses in the UK, whet… Read More

Wondering about how to calculate the break even point? If you are working as a manager of a company or a business owner in the UK, having an understanding of the break even point is importan… Read More

What is a business credit score? It acts like a lifesaver when you have access to loans and credits in case you run a business in the UK. You should have a good credit history as this will m… Read More

Are you worried about how to do bank reconciliation? Bank reconciliation is a very important step in business growth in the UK. This allows the financial records of the internal company to m… Read More

There are some commonly held misconceptions about the VAT breaks for businesses buying electric and hybrid cars, even by car dealers trying to sell a new car. There have been a number of cas… Read More

When starting a business, few people will give much thought to its end. However, after some years, even a small ‘oneman band’ business may have built up a valuable customer list… Read More

What is the role of accounting in fraud prevention for small businesses? An increasing concern for small businesses in the UK is fraud. This often leads to financial loss and this damages th… Read More

How to do accounting for e-commerce business? If you are a business owner of e-commerce in the UK, you must be in need to have control over your finances. In the case of being a beginner, yo… Read More

What is client satisfaction in accounting firms? With increasing demands for transparency, expertise, and personalised services, clients expect more than just compliance and number-crunching… Read More

Individuals (e.g., sole traders or company owners) often lend money to their business to help fund its day-to-day operations. Unfortunately, some businesses ultimately fail. Consequently, th… Read More

Trusts can be a very useful planning tool for inheritance tax (IHT) purposes, as well as family and business succession planning. Tax is only one factor, as preservation of the family silver… Read More

What are common bookkeeping mistakes to avoid? Bookkeeping is the foundation of a healthy business. This provides a clear financial picture that informs decisions, drives growth, and ensures… Read More

What is the importance of soft skills in accounting?  In the world of accounting, where numbers and technical expertise reign supreme, a quiet revolution is underway. Amidst the spreads… Read More

What is the importance of work-life balance for accountants? Accountants in the UK, in particular, face unique challenges like in meeting the needs of diverse clients. As the accounting prof… Read More

What is the role of accountants in managing corporate culture? Corporate culture has become a critical component of an organisation’s success. It’s the backbone of a company&rsqu… Read More

How to create a business exit strategy? It’s a complex process, involving financial, legal, tax, and emotional considerations. Without a clear plan, you risk leaving money on the… Read More

For directors, remuneration is typically assessed on an annual earnings period basis; all earnings for the tax year are considered, rather than looking at each pay period individually. This… Read More

How to manage accounts receivable? Effective accounts receivable management involves more than just sending invoices and waiting for payment. Providing you with the tools and knowledge to ta… Read More

How to manage stress during tax season? When it is tax season in the UK, those two words alone can evoke feelings of dread, anxiety, and stress for many of us. The thought of navigating comp… Read More

How technology will change accounting in future? The accounting world in the UK is on the cusp of a revolution, driven by the relentless pace of technological innovation. As we handle the co… Read More

Already handling the world of finance can be a daunting task for businesses in the UK. With an ever-changing economic landscape, and fluctuating markets, making informed financial decisions… Read More

What are the benefits of cross-training your accounting team? These days accounting teams face numerous challenges, from managing complex financial data to navigating changing regulations. T… Read More

HMRC does not like private companies lending money to their owner-managers, and there is a raft of provisions aimed at discouraging such debts – from benefits-in-kind rules to the &lsq… Read More

When it comes to the role of credit in business growth, accessing funds is often a crucial step in turning ambitions into reality. In this discussion, we’ll explore the role of credit… Read More

How to manage multiple clients effectively? Juggling multiple clients requires a delicate balance of organisation, communication, and time management to deliver exceptional service. With the… Read More

What are the benefits of mentorship in the accounting profession? If you’re just starting out or already established in your career, navigating the complexities of accounting can be ch… Read More

What is the importance of client confidentiality in accounting? When it comes to managing our finances, we entrust our accountants with some of our most sensitive and personal information. B… Read More

Whilst we now have a new UK government, employers, payroll and employment law professionals should not forget the last parliamentary session as we wait for developments later this year, all… Read More

When someone buys the trade and assets of a business, they have the option of retaining the VAT number. How is this done, and what are the ‘pros’ and ‘cons’ of doing… Read More

The clock starts ticking from January 1st, and before you know it, the January 31st deadline is looming, bringing with it a tidal wave of paperwork. But what if you could tame the balanced w… Read More

How to navigate changes in tax laws? Navigating the complex and ever-changing landscape of UK tax laws can be a daunting task. Leaving many individuals and businesses feeling overwhelmed and… Read More

How to prepare financially for business expansion? As a business owner in the UK, you’re likely no stranger to the thrill of growth and the desire to take your company to the next leve… Read More

How to price your accounting services competitively? Setting the right price for your services is crucial to attracting and retaining clients, driving business growth, and staying ahead of t… Read More

How to streamline your invoicing process? Imagine having more time to concentrate on high-value tasks, improving cash flow. Also, enjoying a better work-life balance. The good news is that s… Read More

Substantial increases in tax charges over the years have removed much of the attraction of company cars; employees will often, instead, use their own car for employment purposes. The tax leg… Read More

The distinction between legal and beneficial ownership of land and property (in English law) is important. When a dwelling is (say) transferred from one individual to another, the names show… Read More

What is the role of accounting in crowdfunding campaigns? Crowdfunding has revolutionised the way individuals, startups, and small businesses raise funds for their projects and ventures in t… Read More