Category

Accounting

The accounts section, brought to you in partnership with Sage, features in-depth guides and features for UK small businesses and start-ups needing advice on how to manage company accounts, including topics such as cashflow management, late payment, bad debts and bookkeeping.

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Late payments are declining – but SMEs are still owed £80,000 on average

More businesses were paid on time in Q4 2018 but chasing late payments is still a major issue across all sectors. Here's what you can do.

Accounting

Accounting

Profit and loss template

Use this template to build your own profit and loss account as a small business owner.

Accounting

VAT action businesses should take now before a no deal Brexit

A no-deal Brexit could pose significant VAT issues for UK businesses. Accountants RSM highlights four key areas and urges action now.

Accounting

HMRC employment status test tool not working properly

HMRC’s Check Employment Status for Tax (CEST) is still not properly tested two years since its release, according to a Freedom for Information (FOI) request by UK contracting industry organisation

Accounting

Small businesses see accountants as vital to their business

Accountants offer a more comprehensive service for businesses than ever leading for calls for the definition of the term to be addressed

Accounting

Tax relief and fintech could help self-employed to save more into pension

Government is adapting its strategy to deal with self-employed pension crisis.

Accounting

Report reveals poor payment practices from these big names

A new government report reveals how long it takes some of the UK's major high street names to pay small suppliers.

Accounting

How to give workers a tax free gift in four simple steps

In SMEs margins are often tight, and so giving bonuses to the workforce can not only seem financially unachievable pipedream, but quite low on the list of priorities – but there is a lesser-known tax exemption on certain types of gifts for employees which not only makes this more affordable, but quick.

Accounting

Report reveals poor payment practices from these big names

A new government report reveals how long it takes some of the UK's major high street names to pay small suppliers.

Accounting

How to give workers a tax free gift in four simple steps

In SMEs margins are often tight, and so giving bonuses to the workforce can not only seem financially unachievable pipedream, but quite low on the list of priorities – but there is a lesser-known tax exemption on certain types of gifts for employees which not only makes this more affordable, but quick.

Accounting

What is a profit and loss forecast, and why do you need one?

Here, we look at why it makes good commercial sense to gather the right data and create a formal calculation of potential profit or loss.

Accounting

How to offset losses against PAYE as a sole trader

If, while employed and paying tax, I also set up as a sole trader, can I offset any trading losses against the PAYE I pay through my self-assessment?

Accounting

How can I set up payroll without an accountant?

I need to set up tax, PAYE and NI for my limited company in the UK. Can I achieve this without an accountant?

Accounting

What manufacturing businesses need to know about accountancy

As manufacturing businesses create goods, they have extras to factor in when it comes to accounting. Angela Ashworth of Purple Lime explains more.

Investing in a franchise

Should I buy a franchise or go solo?

Starting a new business is an exciting venture. But – especially in well-established industry sectors – a key question is whether it would be better to buy a franchise or go solo.

Partner content

16 ways to improve your business cash flow

Read here for 16 tried and tested tips and tricks to improve potential cash flow problems

Business management

How to create good cashflow habits

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Partner content

What are the benefits of business broadband?

Business broadband offers a host of advantages over standard domestic connections, here’s why you should be considering an upgrade