The blog

When you run a business, you must file company accounts – it is a legal requirement regardless of whether you make a profit, loss, or you are not trading or dormant.

Breaking even is a pretty straightforward concept to most business owners, but there’s a lot more to your break-even point than you may realise. On a rudimentary level, breaking even is when your total business costs are equal to the revenue you generate, but you can gain a lot more insight about your business from running a regular break-even analysis.

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.

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.

Small businesses must fully acknowledge items such as Gross Profit, Net Profit and EBITDA to fully understand how they performed. In this article we explain them to ensure that you understand what is being referred to when reviewing your business year…

Online accounting could be just the ticket for cash-strapped, time-poor startups.

One of the perks of having your own business is being able to make expense claims. But don't be caught out on expenses you can't claim. Be sure to check our list before you do:

Five things small business owners (probably) didn’t know about their small business’s statutory accounts.

While small business accounting can be intimidating for some business owners, there are a number of short, cost effective accountancy courses entrepreneurs can study themselves to help them get to grips with their company's finances. Is this wise or should you handover to an accountant and focus on growing your business?

One of the most common problems faced by small business owners is knowing how and when to extract money from their business. And most importantly, how do you record personal withdrawals from your company in the most tax efficient way?

70% of 500 businesses with 1-57 employees say they ‘don’t know who to turn to’ for support with auto-enrolment’, and, according to AccountingWeb, ‘A vast number of those are expecting their accountant or payroll bureau to come to the rescue’.

We proudly announced last week that we have just become official partners of Xero; online accounting software tailored to modern business requirements.

Switching accountants is often easier than you think, and we can do most of the admin for you.

For the uninitiated, trying in interpret a set of statutory accounts can be tricky. This is our guide to understanding them.