Many limited company directors are required to submit a self-assessment tax return to report their salary and dividends each year. Discover more about the process here.
Accounting
3 ways to simplify year-end accounts for limited companies
By taking actionable steps to simplify your year-end accounts for your limited company, you can save time and resources and use them elsewhere.
Understanding Business Expenses
For any business owner, big or small, understanding business expenses is crucial. Not only do they impact your profitability, but they also have tax implications. In this guide, we’ll break down the essentials of business expenses, helping you navigate your financial...
The Importance of Cash Flow Management
In the grand theatre of business, cash flow is the lifeblood that ensures the show goes on. It’s not an exaggeration to state that while profitability is a crucial measure of success, effective cash flow management is vital for sustainability. Here’s a deep dive into...
Recession-Proofing Your Business with Solid Financial Strategies
The unpredictability of the business world means that economic downturns, or recessions, are an inevitable part of the economic cycle. While some factors are beyond a business owner's control, adopting specific financial strategies can help weather the storm and even...
Year-End Accounts: Why They Matter and How to Manage Them Effectively
As a business owner, you're probably familiar with the phrase "year-end accounts." But if you're like most of us, you may not fully understand why they matter and how to manage them effectively. Fear not. We’re here to break it down, so you can conquer the year-end...
Leveraging Xero for Your Business: An In-Depth Review
Whether you're a small business owner or a thriving entrepreneur, accounting and bookkeeping are essential aspects of your operations. There's a myriad of software options available today, but one that stands out is Xero. This cloud-based accounting software has...
The top five benefits of streamlining business processes
We could wax lyrical about the benefits of streamlining business processes. Unsure how it could help? Here are the top reasons why you should streamline.
Top 5 Bookkeeping Mistakes to Avoid for Your Small Business
Running a small business is a challenging endeavour, particularly when it comes to managing finances. Amidst the hustle and bustle of everyday operations, bookkeeping can often become an afterthought, leading to mistakes that can have serious implications. But, with...
Understanding Cash Flow: The Lifeline of Your Business
Running a successful business involves wearing many hats, one of the most important of which is managing your cash flow. Cash flow, the money that moves in and out of your business, is often referred to as the lifeblood of a business—and for good reason. Cash Flow:...
These are the top benefits of technology integration for your business in 2023
Whether you’re looking for tools to increase productivity or easy access to all your financial data, the world of technology has enough solutions to improve your business.
5 Franchise Accounting Problems and How to Overcome Them
As a franchisee, it’s important to understand franchise accounting problems you may face so you can overcome them.