2022-12-26 09:46
The role of a non-executive director is a crucial one within a company, a non-executive director is a company’s board of directors member who does not serve in an executive capacit… Read More
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Clear House Accountants Blog
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Clear House are Accountants in London, that provide services to startups, sole traders and SME's
2022-12-12 10:21
If you are a business that employs staff and operates payroll, you know that payroll might be one of the largest costs your business incurs. It is therefore important to make sure that t… Read More
2022-12-01 11:02
For any entrepreneur, starting an eCommerce marketplace is an exhilarating endeavor. Managing your books and your finance, if you consider yourself an expert like an ecommerce Accountant… Read More
2022-11-07 08:32
You should take your time when choosing a medical accountant. Location is less of a factor now since so many individuals work remotely, you can search for a good medical accounting speci… Read More
2022-10-27 08:29
Small business owners may have duties that include chief accountant, managing director, marketing executive, and manager of human resources, to name just a few. Along with these duties… Read More
2022-10-25 10:46
A universal consumption tax based on the value added to goods and services is known as value-added tax or VAT, and it is imposed in the UK. It applies to almost all goods and services bo… Read More
2022-10-14 07:39
An invoice is a legal archive that you must submit as a transaction for payment. It includes information about the business, customer, product or service bought, sales, prices, taxes, an… Read More
2022-09-29 12:13
Your mind immediately registers that the term shareholder refers to contributing anything, whether it is capital or other elements. Depending on the type of control and ownership there a… Read More
2022-09-28 11:45
To understand how to value a business, you must first know what valuation is. Valuation is the process of deriving the current value of a business, or any asset that you own.
You can… Read More
2022-09-23 12:32
The statement of financial position is also named a balance sheet in simple language. The statement of final position comes in handy while conducting a business; this is because this bal… Read More
2022-09-21 08:29
If you don’t register for VAT or don’t understand how the system works, HMRC could penalize you severely, damaging your reputation.
The rolling 12-month period used in VAT… Read More
2022-09-20 05:49
Income Tax is made up of different bands. As your income increases, so does the amount of Income Tax you pay. However, make sure you are paying the right amount of tax and have the corre… Read More
2022-09-05 08:51
The liquidity ratio is a calculation to measure the ability of a company to pay off any short-term obligations with its existing or most commonly referred to as current assets. Within th… Read More
2022-08-26 10:20
Nominee service is a kind of service agreement that specifies that an individual is selected as a director or a shareholder of the company. The individual cannot have any say over their… Read More
2022-08-25 10:52
A foreigner can open a bank account in the UK if they live and work in the country. If you are a foreigner and want to open a bank account in the UK, it is essential to look at the banks… Read More
2022-08-10 06:43
Yes, trade receivables are the same as account receivables. The amount owed to a firm by its customers following the sale of goods or services on credit is known as trade receivables or… Read More
2022-08-05 12:50
There are different classes of ordinary shares that a company can issue, and each class confers different rights and privileges to the shareholders. Our experts have curated this guide t… Read More
2022-07-29 09:18
A sole trader is the owner of their business and has control over the business’s assets and liabilities. A sole trader does not have complexities like a limited company and is simp… Read More
2022-07-28 06:21
It might seem as if donating money to your own firm is the simplest approach, but it has legal and tax implications.
Every twelve seconds, one home-based business is established, acco… Read More
2022-07-27 12:05
What is the Break-Even Point?
The accounting break-even point is the point at which your company’s total expenditures equal its total sales. In this scenario, you are neit… Read More
2022-07-18 09:04
The Government of the United Kingdom allows married couples and civil partners to benefit from allowances and tax relief for their living expenses. If one of the partners was born before… Read More
2022-07-07 12:45
Since the passage of Covid-19, working from home has become a standard practice in the United Kingdom, with millions of people employed as directors of personal service businesses either… Read More
2022-07-07 10:58
The Super Deduction is a new taxation policy introduced by the Chancellor of the UK during budget 2021 and is implemented from April 1, 2021, until March 31, 2023. According to this poli… Read More
2022-07-04 08:09
Do you need tax-efficient finance for your company? Well, HMRC’s new guidance for businesses wanting to attract investors to purchase stock in their firm has recently been released… Read More
2022-06-29 11:41
HMRC is urging people to correct their 2020/21 tax returns if they mistakenly took excessive business asset disposal (BAD) relief, as a result of the retroactive decrease in their lifeti… Read More
2022-06-29 06:09
There is always a Value Added Tax, or VAT, in every purchase. Even for vehicles, there is a VAT that is generally 20% of the entire price. The VAT is usually determined by the cost of th… Read More
2022-06-28 09:46
Did you know you can easily earn tax-free money, if you complete the correct paperwork, you will not be charged more by HMRC than is required. If you make the most of the tax benefits on… Read More
2022-06-27 05:31
Many employees in the UK pay National Insurance Contributions (NIC) before they get their income. Employees pay Class 1 NIC on their gains from employment such as bonuses, salaries, etc… Read More
2022-06-22 10:38
There are many different types of business structures globally, but one of the most common is the holding company. It is a business structure that owns other companies or businesses. It… Read More
2022-06-22 10:37
Business relocation is a process by which a business moves from one place to another. It can be within the same city, or it can be from one state to another. Many factors go into busines… Read More
2022-06-13 10:21
What are Travel and Subsistence Expenses?
Travel and subsistence expenses are the expenses incurred during business travel. It includes the cost of travelling from one place to anothe… Read More
2022-06-13 06:34
Does IR35 apply to limited companies or not? The complexities surrounding IR35 still confuse limited company contractors. Some people are under the impression that the new regulations ha… Read More
2022-06-07 06:30
Group company structure is a type of business organisation growing in popularity in recent years. This type of company is formed when two or more companies join to form a new entity. The… Read More
2022-06-07 05:59
Self-employment can be a great way to earn an income, and there are a number of benefits to registering as self-employed. If you are self-employed in the UK, it is important to understan… Read More
2022-05-31 10:47
If you are a business owner, at some point, you must have thought about closing up your business or going through Insolvency. Mostly, Insolvency led to the liquidation of the company. Al… Read More
2022-05-31 10:47
Ever conceptualised the idea of digital innovation taking over every aspect of our daily lives so that even digital currency would become an actual exchange medium? Still, confused about… Read More
2022-05-26 11:20
Excise and customs duties are two types of taxes levied on goods when brought into the UK. these taxes are purposed to raise revenue for the government and protect local industries from… Read More
2022-05-26 11:20
Why Close A Company?
In recent years, many new start-ups have been met with a swift demise due to the global pandemic that has engulfed the world in chaos and financial instability… Read More
2022-05-20 12:58
Are you looking for comprehensive online bookkeeping software to help you manage your business finances? If so, you should consider using Quickbooks.
Quickbooks is one of the mo… Read More
2022-05-19 12:59
What is Xero?
Xero is cloud-based accounting software formed in New Zealand, now that has gained global popularity in recent years due to its many features and benefits. Businesses of all… Read More
2022-05-18 08:40
A Limited Liability Partnership (LLP) is a business structure that offers some of the advantages of both a corporation and a partnership. LLPs are popular among professionals such as law… Read More
2022-05-18 06:52
Certainly, Business success relies on years of tireless efforts and hard work along with managing the multiple functions of the company efficiently. There are many aspects of the busines… Read More
2022-05-17 11:26
Following the Bank of England’s base rate increase to 1%, HMRC interest rates for late payments will be adjusted. On May 5, 2022, the Bank of England’s Monetary Policy Commit… Read More
2022-04-21 09:51
The government has launched a new initiative, ‘digital Growth Grant’, to boost the development of innovative technology start-ups and scale-ups across the UK.
The United K… Read More
2022-04-21 07:05
Simply, The term ‘sole trader’ is applied to any person who does not have a separate legal structure for conducting the business, such as a Partnership or a Limited company… Read More
2022-04-19 07:45
Due to avoidance, non-payment, and fraud, tax loss has surged to £35bn in the UK. The pandemic has caused a severe budget deficit and financial restraint, leading many individuals… Read More
2022-04-14 06:05
HM Revenue and Customs (HMRC) reminds working parents in the UK to grab the opportunity of earning up to £2,000 a year to pay for regulated childcare, including holiday clubs and o… Read More
2022-04-13 08:24
A limited company is a separate legal entity from its owners or shareholders and has separate assets, liabilities, and a legal structure. In the UK, limited companies are set up with Com… Read More
2022-04-04 05:44
Sole traders are the simplest business structure in the UK. They are individuals who own and operate a business on their own, without any partners. Sole traders have complete control ove… Read More
2022-04-04 04:25
The shackles that prevent stakeholders from putting pressure on businesses will be swiftly removed as winding-up petition protections and rental assistance come to an end. Those of us wh… Read More
2022-03-31 09:41
Charitable donations are a great way to reduce your tax bill, and UK businesses and individuals can get relief from their donations. This blog post will guide you on how charity tax reli… Read More
2022-01-24 07:01
What is a UTR number?
So you’ve started your own self-employed business, and now you need a UTR number to get going. What is UTR? UTR stands for Unique Taxpayer Reference, which… Read More
2022-01-21 10:31
If you’re a business owner in the UK, then you know that payroll is a critical part of your operations. But with so many different payroll software options available, it can be dif… Read More
2022-01-06 06:15
The invoicing process is essential on both ends of a business, be it a supplier or a customer. As a supplier, the remittance advice slip will help you improve your accounts receivable pr… Read More
2021-12-20 13:00
Loans are one of the most evident and vital sources of finance utilised by individuals and businesses. The financial world has thrived along with every other advancement in today’s… Read More
2021-12-13 06:08
A director is an anchor that helps a business perform its day to day activities. The role however comes with a few sets of responsibilities and duties that the director must perform. The… Read More
2021-12-01 12:05
What is an Innovator Visa?
An innovator visa is a category of endorsement provided to experienced businesspersons looking to set up a business in the UK. This government-backed visa… Read More
2021-11-12 07:07
On Wednesday, 27th of October, the Chancellor of the Exchequer, Rishi Sunak, presented his much-awaited Autumn Budget 2021 in the House of Commons. The budget centres on the post-pandemi… Read More
2021-11-11 10:47
There are strict rules set into place that dictates your freedom when it comes to using your pension fund as an investment. As a general rule of thumb, you can not use your pension funds… Read More
2021-10-27 12:32
According to HMRC, a director’s loan is the amount of money you have extracted from the company’s that is:
Neither your salary, repayment for expenses or dividend paymentN… Read More
2021-10-22 08:30
Taxation in the UK
Taxes in the UK are collected both at different levels. Her Majesty’s Revenue and Customs (HMRC) is the system responsible for collecting and administering ta… Read More
2021-10-20 11:17
Since July 1st, 2021, the new VAT compliance introduced by the EU has been in full effect, which has led many businesses working in the UK to rethink their plans of trading into the EU… Read More
2021-10-12 10:50
The FIRE movement is gaining massive influence in the UK as becoming financially independent before the traditional retirement age of 65 sounds like the perfect plan to escape the rat ra… Read More
2021-10-11 08:04
The confirmation statement (CS01) was introduced in 2016 as a replacement for the Companies House annual return (AR01); it intends to serve the same purpose while simplifying the process… Read More
2021-09-30 12:51
This guide has been curated for the previous tax year ending 5th April 2021.
You’re not alone when it comes to procrastination in filing your self-assessment tax returns… Read More
2021-09-13 13:27
ApprovalMax is an award-winning, cloud-based accounting solution for businesses that provides fully automated approval workflows for various financial documents and replaces paper and em… Read More
2021-08-25 06:17
A company car has always been considered the epitome of benefits provided by an employer to their employees. Still, with people getting more aware of the alternatives to company cars, th… Read More
2021-08-24 05:29
If you are here reading this, congratulations; you’ve passed the most challenging step in setting up a business, taking up the initiative. Next comes an intricate decision-making p… Read More
2021-08-16 05:56
The medical industry in the UK has progressed drastically over the past few years and the role of finance in the healthcare industry has never been more critical than as of right now. Al… Read More
2021-07-16 14:03
Taking debit or credit card payments used to be invaluable for small businesses due to high setup costs and lack of mobility. But now, as more and more people are trying to avoid carryi… Read More
2021-07-08 11:00
The latest data collected for SMEs has inferred that startups and small businesses are most prone to cash flow issues due to their weaker negotiation power. Around 700 thousand, small U… Read More
2021-07-05 08:46
A recent report confirmed that an average of £1.5 billion is spent on various events and corporate hospitality. The size of the event industry itself is about 35% of the overall U… Read More
2021-06-08 11:04
A decade ago, Bitcoin was the first thing that came to mind when hearing the term, crypto asset. Today, the digital currency market has evolved and revolutionised into something m… Read More
2021-05-25 10:00
Let’s suppose you hire a non-executive director (NED) with a diverse portfolio of working with businesses that aspire to grow. The NED works as a freelancer and insists that they… Read More
2021-05-11 10:04
Businesses are not immune to evolution; it comes in a subtle way and primarily through trends discovered as a result of innovation and changing times. This need for innovation calls for… Read More
2021-05-07 04:31
Corporation tax (CT) is paid by limited companies, foreign companies with local branches and other profit-making unincorporated entities on trading profits, investments and gains from t… Read More
2021-04-30 08:00
This piece intends to help readers take a closer look at the recently announced Brexit Business Support fund to the tune of £20 million, by the UK government. The Brexit move has… Read More
2021-04-27 04:29
2020 was a historic year for a number of reasons, one being its primary role in bifurcating the world into two periods, the pre-pandemic and post-pandemic one, both with more difference… Read More
2021-04-09 13:17
Business Startup Costs
Among the many hurdles that startups face, the primary concern for a majority of new businesses is a lack of cash flow. Businesses during their infancy incur a… Read More
2021-04-09 04:54
Business is an implementation of an idea to serve potential customers with an innovative product or service. Though most people focus on business ideas to start on a successful foundati… Read More
2021-03-25 05:43
Budgeting can be a remarkably hectic process due to its immense importance for effective financial management, be it on a personal or organisational level. This guide will help you unde… Read More
2021-03-08 18:46
Estimated reading time: 7 minutes
Chancellor Rishi Sunak has revealed the Budget 2021 in the House of Commons on 3rd March 2021. He announced the latest measures in accordance with t… Read More
2021-03-05 11:47
Estimated reading time: 5 minutes
Alphabet Shares
Alphabet shares allow a company to assign varying rights to its shareholders, i.e. some shareholders can have the right to ge… Read More
2021-02-25 08:36
Estimated reading time: 10 minutes
HMRC’s long due Domestic Reverse Charge for the construction and property industry is coming into force on March 1st. The legislation is… Read More
2021-02-18 05:12
Estimated reading time: 28 minutes
Home-based business ideas and their popularity has risen over the past years by a significant number, showing its reliability and success in how pe… Read More
2021-01-15 13:19
Each year thousands of UK citizens submit their self-assessment taxes before or on the deadline day that is 31st January, and almost one-third of this number do it in the very last hour… Read More
2020-12-25 03:59
VAT is value-added tax consumers pay on the products and services which are fit for human consumption. It is an indirect tax that the government uses to generate revenue within their set… Read More
2020-12-18 18:50
There has never been a year like 2020 nor have we seen the time of festivals or Christmas like this time. It’s hard to grasp that the global pandemic has restrained the usual tradi… Read More
2020-12-18 05:00
The concept of owning a business and being self-employed can have the same meaning but can have different connotations. You can be a freelancer, a contractor, a sole trader, or can own a… Read More
2020-10-29 06:01
Your tax accountant will emphasise that choosing the right business structure is crucial when you decide to start a business since it relates significantly to tax implications, liabiliti… Read More
2020-10-16 10:02
The UK government has confirmed that there will be no extension to the Brexit transitioning period and that the deadline for the new rules is coming closer by the day. Regardless of what… Read More
2020-10-01 08:00
Create an Effective Recruitment Budget
Hiring is an essential step that you take when starting up a new business. Startups in the UK require high efficiency and funds to survive; hiri… Read More
2020-09-29 13:59
A Guide to Finance for Non-Finance Managers
Money management is vital for organisations, and who does it better than people with accounting and finance expertise. These finance execut… Read More
2020-09-24 08:12
With the innovation of an Initial Exchange Offerings (IEOs), small businesses have started discovering new trends in fundraising strategies. It has allowed SMEs to raise their fundings w… Read More
2020-09-22 13:23
Transferring Property to a Limited Company
Landlords have started thinking about transferring their property portfolio over to a limited company structure due to the recent announceme… Read More
2020-09-17 18:15
The kickstart scheme
The Chancellor Rishi Sunak had announced the plan of a new Kickstart Scheme of the Government in July 2020. The scheme was part of the Government’s “p… Read More
2020-09-15 17:58
Leasehold Service Charge Overview
What is Leasehold?
Leasehold refers to acquiring a lease from the freeholder to use the residential property for a set period. The duration of the… Read More
2020-09-08 16:17
Business Recovery Post Covid-19
The COVID-19 pandemic has shaken the very foundations of the global trading infrastructure. At least 21,000 more companies than the last march failed t… Read More
2020-09-03 08:00
Tips and Tactics for Successful Business Contract Negotiations
Negotiating a business contract can be challenging as well as inspiring. The prospect of embarking on a new, financially… Read More
2020-09-01 15:18
Asset finance
It has become challenging for businesses to explore appropriate and budget-friendly finance options while focusing on growth. In contemporary times the companies that fu… Read More
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