5 challenges for small business – and how to beat them!

Jul 10, 2023

Founding, building and growing your own small business is a hugely rewarding experience for many entrepreneurs. But the road ahead isn’t always smooth. There are common challenges that crop up and ongoing issues that need to be factored into your business plan,...

What’s the difference between statutory and management accounts?

Jul 8, 2023

As a business owner, you know you need to produce accounts – that’s a given. But do you know the difference between statutory accounts and management accounts? Your statutory and management accounts have two very separate purposes, and producing both kinds is good...

Back to Tax Basics: What taxes will I need to pay as a director?

Jul 4, 2023

When you set up a new company, there are certain business taxes you’ll be liable for as a business. But have you also planned for the personal taxes you must pay as a director? As a company director, it’s not just the company’s corporation tax that you have to pay....

Transform Your Business Finances with Profit First

Jul 3, 2023

Managing finances as a small business owner can feel overwhelming. But don’t worry! The Profit First system is here to help. In this easy-to-understand guide, we’ll explain what Profit First is, how it works, and the benefits it can bring to your small...

Your Q3 2023 deadlines for the diary

Jul 2, 2023

We’re always here to keep you up to date with the latest accounting, tax and compliance deadlines. Here are the forthcoming deadlines and cut-off points for Q3 of 2023 to add to your diary. NOTE: If your company’s accounting period is longer than 12 months, the first...

When should I register my company for VAT?

Jul 2, 2023

Sorting out your tax registrations is one of the first things to tick off your to-do list as a new business owner. But knowing when (and how) to register for things like value-added tax (VAT) can be a confusing process for new entrepreneurs. Here’s a straightforward...