Monthly Archives July 2021

The Most Dangerous Accounting Mistakes For Your Small Business     Starting your own business is an amazing thing to do but it’s also notoriously risky. There’s a lot to think about when you first start out on your own and it can be tempting to put accounting on the back burner, but that would be a huge mistake. Good accounting is crucial to the financial health of your business and mistakes can be devastating, especially in the early days. It’s important to know which mistakes to avoid to ensure that your small business is around for years to come. ...
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How a Business Credit Card Can Help You to Better Manage Cash Flow    As we edge ever closer towards a completely cashless society, credit cards are becoming more and more necessary. Business credit cards are also enormously helpful for bookkeeping, payment protection, and emergency funds. So long as you manage your account well, a business credit card can really help you to manage your cash flow more effectively and smooth out any bumps along the way. Here are the top reasons to get a credit card for your small business.    Separate Business and Personal Transactions  It’s important to...
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Changing Accountants: How to Choose the Right Accountant to Invest In       There are many reasons you might want to change your accountant, but whatever your reasons are, choosing a great accountant is one of the best investments you can make for your business.  A quality accountant can do much more than save you money on your tax bill - although of course, that’s important too. A professional accountant is a strategic business partner who can provide shrewd insight into your financial situation and offer valuable advice that will guide you towards success. They will serve as an...
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Small Creative Agency Owners and Freelancers: 6 Reasons You Should Have Swapped Spreadsheets for a Cloud Accounting Software like Yesterday!!   HMRC is digitising the UK Tax System. The transformation started in April 2019 with Making Tax Digital (MTD) for VAT for businesses with taxable turnover above the VAT threshold (£85,000), VAT-registered businesses with a taxable turnover below £85,000 will be required to follow MTD rules for their first return starting on or after April 2022. Self-employed businesses and landlords with annual business or property income above £10,000 will need to follow the rules for MTD for Income Tax from...
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