Accounting

We have already covered the topic of VAT in our complete VAT guide as well as VAT registration & deregistration thresholds. However, there are some special VAT schemes that apply to certain business industries and include different......

Maximising profits is one of the main goals for every company and so it’s natural that business owners tend to be very strict with the money that is going out of the business. However, some expenses are unavoidable, so the key is to......

On the 1st of January 2021, the UK officially became independent from the European Union and all the new post-Brexit measures came into effect. Brexit has brought certain changes that impact citizens as well as the way companies do......

If you're unsure whether you should be registered for VAT we've put together this handy guide to help you.

Thresholds from January 2021   Registration threshold £85,000 Registration for distance selling into Northern Ireland £70,000 Registration for bringing goods into Northern Ireland from the EU £85,000 De-registration threshold

For every starting entrepreneur, filing a Self Assessment for the first time can be a bit of a headache.. There are quite a few things to know and understand before you can feel comfortable with the whole process. So, to help you have a......

Once your business starts growing, you simply need a professional who can manage your accounting and bookkeeping. Every business owner has to decide whether they want to hire a bookkeeper or accountant to work in-house or engage an......

And how to avoid them…

Running your business without an accountant is perfectly feasible and many startups or self-employed people choose to handle their accounts themselves. But, although it might seem like a smart choice for businesses that think they......

Do you know what the difference between bookkeeping and accounting is, or if there’s any difference at all?  If you don’t, you’re not alone.