The blog

What's going on at the most interesting accountant for small businesses?

 

Our News
15 Mar 2021
Here at Accounts & Legal, we’re delighted to announce that a valued member of our hard-working team was recognised earlier this month with one of the most prestigious accolades in the industry.
Small Business Advice
08 Mar 2021
The Spring Budget recognised that the impact of COVID on small business is not yet over. Various support schemes and loans for businesses and the self-employed continue, but, at the same time, the Chancellor has begun to claw back some of the costs of that support with an announcement of future tax rises.
Tax Advice
24 Feb 2021
It’s been a long time coming, but March 1st finally sees HMRC’s change to VAT rules for the construction industry come into operation - ‘VAT reverse charge on construction and building services’.
Accounting Advice
27 Jan 2021
A balance sheet is a snapshot of what your business owns (assets), and what it owes (liabilities), at a specific point in time. By analysing the balance sheet and comparing it with information from your income and cash flow statements, you can make a realistic assessment of the financial health of your business.
Small Business Advice
30 Dec 2020
As coronavirus continues to spread fuelled by the new variant, the Chancellor has extended key schemes to support businesses and employees through to spring, when the Government hopes the twin vaccines will begin to slow the pandemic.
Small Business Advice
03 Dec 2020
The most straightforward way to answer the question “What is Invoice Finance?” is to say it’s booming. There are several primary reasons for that, and during the past couple of decades, some key events have changed the way small to medium-sized businesses are borrowing.
Accounting Advice
05 Nov 2020
Accountancy and commerce are inextricably linked. At the best of times, accountants are an invaluable resource, but no business can afford to be without one when the financial climate is less favourable.
Small Business Advice
19 Oct 2020
The Government has introduced a number of schemes to enable small and medium businesses to continue trading during the pandemic crisis – BBLS, the Bounce Back Loan Scheme and CBILS, the Coronavirus Business Interruption Loan Scheme.
30 Sep 2020
Buying a business can be a great way to bypass some of the years of hard work that go into building a venture. Yet, it's by no means plain sailing, and it's only likely to prove a shortcut to success if you get everything right. While buying an established business does require some time and effort, it also means you'll need to have access to substantial funds, so there are risks.
Industry Specific Advice
17 Sep 2020
In case you hadn't heard, the FIRE (Financial Independence/Retire Early) movement has been gaining traction for a while now. In essence, followers believe that you get paid for your time, and how much time you are free from a traditional job is what defines success and happiness.
Small Business Advice
21 Aug 2020
It’s often said that the value of your business is what someone is willing to pay for it, but there are several approaches you can deploy to reach an accurate figure. Here's how to value your small business accurately.
Accounting Advice
02 Aug 2020
As a small business, you have a choice of how you file your accounts. You can either submit a full set of accounts or an abridged set, which contains less detail but meets the compliance requirements of Companies House and HMRC.
23 Jul 2020
To help you navigate the maze of employment legislation, here’s a very simple summary of the key points that affect employers in a business environment.
Accounting Advice
25 Jun 2020
Moving accounting systems is a daunting process, you’ve got all your financial history in the original system and learning something new takes time. But with the help of our Xero accountants, moving from Sage to Xero isn't complicated.
Small Business Advice
11 Jun 2020
We have recently expanded our accountancy services and legal services into Brighton, Sussex, where our experienced team of Brighton Accountants are getting to know and help businesses in the area.
Tax Advice
21 May 2020
There is little doubt that the UK Government’s ‘Making Tax Digital’ programme is a bold one. In their words, “HMRC’s ambition is to become one of the most digitally advanced tax administrations in the world”. So, what is making tax digital, and what are the benefits?
Tax Advice
22 Mar 2021
For millions of self-employed people in the UK, there was relief that the Government’s support scheme is set to continue following announcements in the 2021 Spring Budget. The Self-Employment Income Support Scheme (SEISS) was set to close at the end of February 2021, but has been extended to cover two further phases that will run until the end of September this year.
Tax Advice
08 Mar 2021
With cryptocurrency transactions, tax rules can get slightly complicated, and you could incur several different liabilities, like income and corporation tax, stamp duties, and – depending on transaction types – VAT.
Tax Advice
25 Feb 2021
If you’re a contractor or sub-contractor in the construction industry, you need to be aware of your obligations under the Government’s Construction Industry Scheme (CIS).
Tax Advice
29 Jan 2021
After much pressure from professional bodies, HMRC has finally backtracked its threats to stick with a fast-approaching deadline for late filing penalties. Taxpayers will now get until the 28th of February to file their online returns before they face any fines.
Tax Advice
03 Jan 2021
With Brexit finally confirmed, the New Year will bring significant changes to VAT rules for your business if you import or export from the EU. The new rules apply from 1st January.
Tax Advice
26 Dec 2020
If you’re self-employed in the UK then each year you’ll have to fill out a self-assessment tax return to HMRC, showing your income for the year and the income tax you are liable to pay based on that. Our team of tax accountants break down the self-employed allowable expenses.
Recruitment
Small Business Advice
26 Oct 2020
On 22nd October 2020, the Chancellor announced a series of changes to the Job Support Scheme, intended to replace the furlough scheme as part of the Government’s Winter Economy Plan.
08 Oct 2020
If you are considering a merger or acquisition, it’s essential that you take professional advice before taking any decisive steps. One of the most important parts of the process is due diligence – a legal and financial assessment of any potential risks in the transaction.
Small Business Advice
Small Business Advice
24 Aug 2020
All you need is the one big idea, one that could take you where the famous ‘garage entrepreneurs’ have found themselves — Apple, Facebook, Google, Microsoft. Here we’ll give some pointers on how to come up with a business idea, plus what you’ll need to do to get your idea off the ground.
Accounting Advice
06 Aug 2020
If your business is registered at Companies House, you have to prepare an annual profit and loss statement by law. Choosing to prepare a profit and loss forecast could have valuable benefits for your business. Here's a guide to profit and loss forecasts as well as a handy profit and loss template.
Our News
29 Jul 2020
After much success helping SMEs with their accounting and legal needs in London and Brighton, we are incredibly proud and excited to open our third office in Manchester. The office is run by Stuart Hurst, a talented accountant with 15 years’ experience.
29 Jun 2020
Disputes often arise purely because of a lack of clarity, and that doesn’t only apply in business. Misunderstandings are a part of everyday communications, and they can happen easily. Even the strongest of relationships can have ups and downs, and business partnerships are certainly no exception to that. What’s important is to try and get ahead of any potential problems by creating a deed of partnership, otherwise known as a partnership agreement or a shareholders agreement.
18 Jun 2020
Here we’ll look into employers’ responsibilities when it comes to employee mental health and a stress at work policy, as well as how to handle an employee off with work-related stress.
Our News
25 May 2020
To help local businesses not just recover from, but beat, the economic impact of Covid-19, Brighton accountants, Accounts and Legal, and Sussex based solicitors, Mayo Wynne Baxter, are hosting a free webinar, on ‘how not to become a statistic and to come out thriving.’
Small Business Advice
01 May 2020
With businesses struggling to survive, the pandemic has resulted in more than one million UK workers being furloughed, according to Chancellor of the Exchequer Rishi Sunak. As the crisis continues, one in four workers, which equates to over nine million people, are expected to be furloughed.