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Accounting Advice
21 Jun 2021
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.
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.
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.
Accounting Advice
Accounting Advice
Accounting Advice
Accounting Advice
15 Feb 2017
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…
Accounting Advice
12 Jul 2016
Online accounting could be just the ticket for cash-strapped, time-poor startups.
Accounting Advice
29 Apr 2016
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:
Accounting Advice
31 Mar 2016
Five things small business owners (probably) didn’t know about their small business’s statutory accounts.
Accounting Advice
12 Nov 2015
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?
Accounting Advice
07 Sep 2015
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?
Accounting Advice
28 Apr 2015
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’.
Accounting Advice
20 Jan 2014
We proudly announced last week that we have just become official partners of Xero; online accounting software tailored to modern business requirements.
Accounting Advice
10 Dec 2013
Switching accountants is often easier than you think, and we can do most of the admin for you.
Accounting Advice
07 Aug 2013
For the uninitiated, trying in interpret a set of statutory accounts can be tricky. This is our guide to understanding them.
Accounting Advice
23 Jun 2021
A Statement of financial position is an important financial document that helps you run your business efficiently and profitably. It provides a guide to the financial health of your business, so it’s essential to understand its components and their significance.
Accounting Advice
16 Apr 2021
This article will explain the different aspects of R&D accounting in more detail. However, you may find it useful to take professional advice to ensure that you are claiming the correct level of expenditure for your specific R&D project.
Accounting Advice
14 Aug 2020
If you’re considering how to improve your accounting processes and your financial decisions, we strongly recommend finding out more about Xero. Here’s a brief guide to Xero cloud accounting features and benefits, but if you’d like to discuss it in more detail feel free to get in touch.
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.
Accounting Advice
Accounting Advice
Accounting Advice
10 May 2017
If your small business employees staff you will need to give them P60s by 31st May. Here's why.
Accounting Advice
20 Jul 2016
Cloud accounting offers a number of valuable benefits for small business accountants and their clients. Here's why accountants should have their heads in the cloud.
Accounting Advice
09 May 2016
With a number of new financial reporting standards introduced this year, what does FRS 105 mean for small businesses?
Accounting Advice
26 Apr 2016
Whether starting up or scaling up, there are a number of mandatory (and time sensitive) reporting obligations that all small businesses need to be aware of.
Accounting Advice
24 Mar 2016
Small businesses in the UK have a growing range of cloud accounting software to choose from. We take a look at three of the best.
Accounting Advice
07 Oct 2015
There are more than 30,000 accountants in England alone, and most of them are in fact pretty small. Find out whether size matters here.
Accounting Advice
24 Jul 2015
Tax avoidance and evasion have been in the spotlight over the last few months. Accountants, sometimes seen as aiders and abettors to the wealthy elite, are coming under fire. How should they act when mixed signals over how to interpret legislation can leave them without direction?
Accounting Advice
29 Sep 2014
Do you think you might be working with a bad accountant? Here's what you need to look out for...
Accounting Advice
23 Dec 2013
When deciding which accountant to take with you on your entrepreneurial journey there are two main things to consider before choosing. Should your travelling companion sit quietly in the passenger seat (endlessly re-counting the parking money) or would you like a bit more conversation along the way?
Accounting Advice
07 Aug 2013
There are lots of different definitions of profit. Find out how to make sense of them.
Accounting Advice
13 Jun 2013
It's a rite of passage. After years of doing battle with increasingly uncooperative spreadsheets, the time finally comes to grasp the nettle and move your business to a purpose built accounting package. We review the options here.