Insights, articles stories and thoughts we would like to share with you to inform and inspire.

Why doesn’t the UK tax year start on 1 January?
There is little about tax that is intuitive and modern, including the date our tax year starts - 6 April. We have our ancestors to thank for that. Our tax year dates originate from when people in England were required to pay rent to......
VAT Special Schemes Guide
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......
How much should you pay yourself as a business owner?
Starting your own business means doing something you’re passionate about. However, at the end of the day, the main idea is to also make a living out of it. As a business owner, you need to decide how much money you want to pay yourself.......
Do I need to register for VAT - The complete guide
If you're unsure whether you should be registered for VAT we've put together this handy guide to help you.
Everything you need to know about Self Assessment
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......
Pros and Cons of Outsourcing Accounting and Bookkeeping Services
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......
Financial support for businesses: Extended Coronavirus Loans
As of today (5th of November 2020), the UK has entered a second national lockdown, meaning that all non-essential businesses will be shut for a month (until the 2nd of December). These restrictions include restaurants, pubs, gyms and......
7 Easy accounting mistakes to make
And how to avoid them…
7 Signs you need an accountant
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......
Bookkeeping for Small Businesses
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.