Category

Accounts & Tax

The accounts and tax section includes in-depth guides and features for UK small businesses and start-ups needing advice on how to manage company accounts, including company tax returns, cash flow management, late payment, bad debts and business tax.

Advice on tax and record keeping

I'm just starting a party plan business for women's clothing, lingerie and adult products. I've just graduated from university and know nothing about the legal side of businesses. What are the most important legal details I need and where can I get detailed advice on VAT and record keeping? I have already registered as a limited company, what next?

Accounts & Tax

Accounts & Tax

Basic tax, VAT and cash flow for start-ups

When starting a business, there are a myriad of VAT, National Insurance, income tax and cash flow issues to consider. Clive Lewis of the Institute of Chartered Accountants in England & Wales offers this introduction to what to expect.

Accounts & Tax

Do you need an accountant?

When starting a business accountants can provide a wide range of services. You can talk over the records that you need to keep for the business and whether you need to register for VAT.

Accounts & Tax

Find an accountant

When you run a business, you are legally required to keep certain financial records, like tax returns and VAT details. You might decide to do some of this yourself, but you need to weigh up the cost of a professional accountant against the time and potential headaches it could cause you.

Accounts & Tax

Income tax, National Insurance and VAT

Red tape is a necessary evil in all businesses, so you need to make sure you’re on top of it. Tax, National Insurance and VAT are an everyday part of thousands of businesses across the country.

Accounts & Tax

PAYE for sole traders

If operating as a sole trader, profits (or losses) will be taxed under Income Tax rules and you can continue working in employment under PAYE (Pay As You Earn).

Accounts & Tax

Avoid tax return errors

The tax return deadline is looming and it’s important to get your forms back before 31 January, but it’s also important to get it right and avoid making these common mistakes.

Accounts & Tax

Completing your tax return

With the clock ticking on the deadline for submitting your tax return this month, Ian Abrey, tax partner at Mazars advisory group provides timely details of extra last minute things you should remember – in addition to submitting the return before 31 January!

Accounts & Tax

Christmas cash flow tips

As shown by a recent Smallbusiness.co.uk poll Christmas can be a difficult time for small businesses as sales fall away over the festive period causing cash flow problems. Follow these ten golden rules to avoid financial headaches over Christmas and into the new year.

Accounts & Tax

Is commission charged to our company vatable?

Is commission charged to our company vatable?

Accounts & Tax

Avoid the pitfalls of overtrading

Is your business ready for the Christmas rush? You have a great opportunity to make the most of the annual surge in consumer spending, however, you also need to avoid seasonal excesses. Overtrading is one of these risks, where your business takes on orders and tries to fulfil them at a level that cannot be supported by working capital or current assets.

Accounts & Tax

Predicting financial ups and downs

Studies show that one of the main causes of business problems is lack of one specific type of planning: financial forecasting. Don't miss this advice out how to look into the future.

Accounts & Tax

Chip and PIN – what you need to know

If your business accepts face-to- face credit or debit card transactions, you need to ensure that the system you have in place is secure and that the risk of fraud is minimised.

Accounts & Tax

Tips on saving tax for small business owners

No one likes paying tax, least of all small business owners, so here are some tips for ways to reduce your tax bill or claim back tax already paid.

Masterclass Series

Open Banking

Simon Cureton, CEO of Funding Options, explores the benefits of Open Banking for small and medium-sized businesses

Partner content

PayFit raises €254M to continue transforming in-house payroll for SMEs

Now valued at €1.82B, PayFit aims to strengthen its position in its current markets

Masterclass Series

Green finance

Simon Cureton, CEO of Funding Options, walks us through the 'green boom' in eco-friendly businesses along the growth of green finance

Masterclass Series

The funding landscape

This article from Tracc looks at the changing funding landscape and how business owners can improve their chance to secure funding themselves