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Common small business accounting mistakes and how to avoid them

For any firm, keeping accurate accounts is important. Up-to-date cash flow, and profit and loss reports ensure that you (more…)

What accounting tasks should every business prioritise?

Despite understanding the importance of keeping accurate accounts, a lot of firms still fail to prioritise these tasks. Sometimes, firms still (more…)

Nearly 900,000 businesses not ready for Making Tax Digital changes

A third of all VAT-registered firms are not ready to file their returns digitally, a survey suggests.

From April 2019, all (more…)

More R&D tax relief being claimed by UK firms than ever before

There has been a significant increase in the level of claims being made for tax relief on research and development projects by (more…)

Hammond announces additional funding for workplace training

Chancellor of the Exchequer Phillip Hammond has pledged extra support for a range of training and skills initiatives.

During his speech at (more…)

What makes a good accountant for medical practices?

The field of accountancy is a vast and varied one, encompassing many different types of accountants. Each type needs to work hard to tailor their services to meet the specific needs of their clients.

This is certainly true (more…)

What is the VAT threshold for small business?

Compared to many other countries, the UK has a very generous VAT registration threshold. For small business owners, this is a big plus.

It enables them to (more…)

Government develops new laws to help small businesses secure funding

The UK government is in the process of passing new regulations that will outlaw unfair contracts.

The changes will (more…)

How to choose the right contractor accountant

When you work as a contractor, choosing the right accountant is essential. Failure to do so can cost you a lot of money and easily get you into trouble with the tax authorities.

Fortunately, working out (more…)

What is a specialist medical accountant?

The accountancy sector is an interesting one. It is certainly vast, with many different types of accountants out there. Some of them you will be very familiar with, while others you may not have ever (more…)