3 techniques to properly manage your business’ cash flow
Cash flow—it can make or break any business, and that is especially true for new companies. Diving into the entrepreneurial world can be incredibly daunting...
Accounting
Pension auto enrolment: What small businesses need to know
If you haven’t seen it across the news, UK small businesses will by law have to offer and contribute to...
Patent box: Reduce your corporation tax bill
The UK Patent Box is a tax incentive aimed at encouraging entrepreneurs to commercialise their patents in the United Kingdom....
Entrepreneurs’ Relief: Everything you need to know
When choosing entrepreneurship as a career option, there are several things that an entrepreneur has to go through. Starting a...
What is the minimum wage?
Wage refers to the monetary compensation given to employed individuals, in return for their labour. Minimum wage is the minimum amount of compensation that must...
Payroll software for UK businesses that’s HMRC & RTI recognised
Payroll software helps you organise and carry out the task of paying your employees their salaries each month. Related: A guide to accounting software How...
Business tax: A guide for small businesses
Getting tax right and making sure you pay the right taxes is one of the most important financial aspects of any business, especially when starting...
Accounting software for UK small businesses
At its most basic accounting software consists of spreadsheets with rows and columns on which you can record sales and expenses. The spreadsheets are inbuilt...
How does VAT work and how does it affect your business?
Value added tax is a tax levied by the government on sales of goods and services. All businesses which have an annual turnover of more...
How to pay corporation tax
Every business is required to pay tax once a year on the profits it earns. This is known as corporation tax. For non-ring fence profits,...
Capital gains tax (CGT): Guidance on rates & allowances
Capital Gains Tax (CGT) is a tax on the profit you make when you sell, give away or exchange your business, assuming it has increased...
Business rates: What is your rateable value?
Business rates are taxes which are charged on most non-domestic premises including offices, shops, warehouses and factories. The rates are collected by your local council...
How to manage your tax deadlines
Rushing to meet tax deadlines can be extremely stressful. Ideally, you would have your paperwork in order and meet the filing date with plenty of...
How to effectively control your customers credit
Cash flow problems are the main reason many small businesses go to the wall every year. It doesn’t matter how profitable a company is on...
Dealing with the threat of company closure
When creditors are threatening to put you out of business, and your company appears to be on the verge of insolvency, there are relatively few...