When you’re running a business, understanding tax deductions can be the difference between a nice bit of savings or a hefty, unexpected bill from HMRC. Knowing what you can claim back isn’t just about ticking boxes—it can keep more of your hard-earned cash in your...
If you're a small business owner, chances are you've faced the headache of late payments. Whether it’s waiting on a big client or chasing unpaid invoices, this common problem is more than just an inconvenience – it’s costing...
For small businesses aiming to grow, navigating financial complexities can be daunting, but getting professional financial advice can make all the difference; providing clarity, strategy, and direction. With the right support, small businesses can achieve their...
In the accounting world, firms are always searching for clever ways to work smarter, save money, and grow their business—because, let’s face it, it's more than just crunching numbers. One increasingly popular approach is outsourcing non-core tasks such as bookkeeping...
Running a business is a juggling act, especially when you're the director. Balancing the books while steering the company toward growth is no easy feat. One financial tool that often causes confusion but is crucial to understand is the Director’s Loan Account (DLA)....
Starting a business as a sole trader is the simplest way to dip your toes into entrepreneurship. You register with HMRC, file an annual tax return, and handle VAT if applicable. It’s straightforward, especially in the early stages when your business is just finding...
On 1st August 2024, the Bank of England (BoE) announced a cut in interest rates from 5.25% to 5%. This decision marks the first rate drop since March 2020, as the economy grapples with post-pandemic recovery and inflation management. For small businesses, this rate...
The Government has recently unveiled significant changes to the taxation system for non-UK domiciled individuals, aiming to create a fairer and more competitive landscape. For small businesses in the UK, understanding these changes is crucial as they could impact...
Switching to an electric vehicle (EV) for your small business is a significant decision, and it’s important to weigh the pros and cons before making the leap.
Starting a new business is an exciting adventure, but before you dive into creating your product or setting up your website, there’s a crucial step you must take: market research.
This essential first step provides insights into your market, helps you understand your customers, and reveals the strengths and weaknesses of your competitors.
Market research is key to ensuring your new business hits the ground running.
Running a small business can be as thrilling as a rollercoaster ride, filled with ups, downs, and unexpected turns.
One of the essential components of this adventure is understanding the role of company shareholders.
Whether you’re a seasoned entrepreneur or just starting, knowing what shareholders do and why they matter can help you steer your business to success.
So, let’s dive into the world of shareholders.
Running a small business comes with numerous responsibilities, especially when it comes to managing your finances. One area that often causes confusion is the taxation of dividends.
At Accounts Direct, we’re here to demystify this topic and help you understand how to manage dividend payments efficiently and legally. Understanding how dividends are taxed can significantly impact your financial planning and tax liabilities.
