In this brief guide, we’ll explain more about the recognised methods for taking money out of a business account for personal use, and provide guidelines for dealing with business payments for personal expenses.

As business owners, bookkeeping and accounting can often be the part of the role we dread the most – and terms like trade debtors and trade receivables certainly don’t help. The fact is, to all intents and purposes, many organisations out there can treat the two terms as one and the same.

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.

Ever wondered what statutory accounts are, and why you need to file them? What should even be in the accounts? Here's our short guide on everything you need to know about statutory accounts.

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.

In what will signal a blow for many struggling businesses, HMRC has said it will not be waiving late filing penalties or extending the set January 31st deadline. However, there's slightly better news if you've been affected by the pandemic. HMRC has also said it will consider cases where COVID-19-related problems cause delays. Businesses will also get more time to appeal against penalty decisions.

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.

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.

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.

On 24th September, after weeks of speculation, the Chancellor announced the successor to the furlough scheme as part of a Winter Economy Plan. The ‘Job Support Scheme’ will come into effect on November 1st and will cover a six-month period. Here are the key elements of the new scheme, as well as a guide for employers on what to do now furlough is ending.

Here, our corporate finance team sheds light on small business financing options for SMEs, plus how we can help ensure businesses have the funds in place to ensure their company thrives.

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.

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.

Sunak’s “Plan for Jobs” is designed to protect and create roles that will help Britain recover from the economic effects of COVID-19. While the measures aren’t as wide-reaching as announcements made in phase one, many will see them as a welcome boost during difficult circumstances.

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.

The Covid-19 crisis has taken an extraordinary toll on the UK, with essential workers in many sectors having been severely tested. Here's some advice for business owners on paying wages and sick play for employees during Covid-19.

Our experienced accountants reveal how to recover loss in business momentum and get ahead of potential cash flow problems. Business recovery may not happen overnight, but there is help available to make it achievable.

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.