Top Tips for Claiming Business Expenses As a business owner, keeping track of your expenses and claiming the right ones can significantly reduce your taxable income, ultimately saving your business money. However, it’s crucial to understand which expenses are eligible for claims and how to manage them properly. Claiming the correct expenses ensures that you […]
Why VAT Registration is Important for Businesses In the UK, businesses must register for VAT (Value Added Tax) if they meet certain criteria. Whether you’re just starting out or running an established business, understanding VAT registration is crucial for compliance and ensuring that your business operates smoothly. In this blog, we’ll discuss why VAT
Why It’s Important to Have the Correct Bank Accounts for Your Business As a business owner, managing your finances effectively is key to your success. One of the most fundamental aspects of this is ensuring that you have the correct bank accounts for your business. While it might seem like a simple detail, the
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Essential Bookkeeping Tips: Advice from an Accountant For any business, large or small, effective bookkeeping is key to staying organised, managing finances, and ensuring long-term success. As a accountant, I’ve worked with numerous businesses, and one thing is clear: good bookkeeping can make a massive difference in ensuring a smooth-running business. In this blog, I’ll
Understanding Cash Flow Forecasts: A Guide for Small Business Owners Running a business is more than just making sales—it’s about managing your finances effectively. One of the most essential tools for achieving this is a cash flow forecast. This simple document can help you stay on top of your financial position, avoid surprises, and ensure
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Starting a new business? Limited Company vs Sole Trader: Which is Right for Your Business? When starting a business in the UK, one of the first decisions you’ll need to make is choosing your business structure. This is important as it can affect your taxes, legal responsibilities, and how much personal liability you hold.
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