Accounting

Regardless of the business size and longevity of its operations, cash flow forecasting holds an integral role in decision making. It’s all well and good that business owners (like yourselves) know the ins and outs of their company, especially when it comes to future expectations of your profit and loss accounts.  However, what you would […]

Going from the creative stage to the nitty-gritty details of registering your start-up business, managing finances, tax, bookkeeping – and everything else that comes with running a business – can be a daunting leap. We are here to guide you through all of these intricacies, and assure you that you have an experienced helping hand, […]

For businesses of any size, accounting and bookkeeping can services provide considerable and profitable advantages. They help to ensure that a business is compliant with HMRC, that they are maximising their finances, and can optimise a business’s growth. It is, however, often questioned what the difference is between the two functions, and which one is […]

Findings from a 2021 report from Retail Economics and Natwest reveal that since the beginning of lockdown, 46% of consumers in the UK have purchased a product online which they had previously only ever purchased in store. More demand equals more business, and as a result, individuals and businesses alike have sought opportunity in setting […]

If you work for a contractor in the construction industry as a self-employed individual, under the CIS, the contractor is obliged to withhold tax on its payments to you. Under the Construction Industry Scheme (CIS), contractors deduct money from a subcontractor’s payments and pass it to HMRC. Registered CIS workers receive their payments net of […]

Many people view paying an accountant as just another outgoing, another necessity that is paid begrudgingly along with utility bills, tax, business rates and the like. This perception is fundamentally wrong as so much of an accountant’s role is geared towards saving businesses money. In most cases, a good accountant will save a business more […]

Management accounts differ from a regular set of accounts in that they provide up-to-date financial information as and when you need it, rather than once a year in your annual accounts. Every limited company must file a set of accounts with companies house following the end of each financial year. This is a statutory requirement, […]

All business owners will at some point ask themselves this question: Do I need an accountant? It’s an important question to ask, and an even more important one to answer. Whether or not you need an accountant depends on several factors such as the size and type of your business. If, for example, you’re a […]

There is an important change that you need to be aware of, coming into effect on 1st October 2019. This change will affect any business that is CIS and VAT registered or that pays suppliers that are CIS and VAT registered. The new legislation is aimed at shifting the VAT liability on building and other […]

Is there a difference between bookkeeping and accounting? The short answer is yes, though there are similarities, so you would be forgiven for thinking they’re one and the same. Both accountants and bookkeepers work with financial data, the difference between the two lies in the way in which they work with this data. A bookkeeper […]