Financial Health Check: Identifying Red Flags in UK Business Finances

How a financial health check can help your business

Just as individuals need to maintain good personal financial health, businesses must also regularly assess their financial well-being. A business’s financial health can mean the difference between prosperity and crisis, and identifying red flags early on is crucial when it comes to preventing minor issues turning into major problems. In this blog, we will explore Financial Health Check: Identifying Red Flags in UK Business Finances

Cash vs Accrual Accounting: What’s Best for UK Businesses?

Cash accounting or accrual accounting

In this post, we explore the basic concepts of cash accounting and accrual accounting, highlight the key features of each method, discuss their suitability and help you to determine which accounting methods might be the best fit for you.

Accounting for Ecommerce: Challenges and Solutions for UK Sellers

Ecommerce accounting

In the ever-evolving landscape of business, ecommerce has established itself as a dominant force. In this post, we’ll delve into the growing importance of ecommerce and in particular the unique challenges involved with ecommerce accounting, and provide solutions to navigate these challenges.

How to use The HMRC App to Your Advantage

HMRC app

The HMRC app is a cutting edge tool that places your tax related tasks at your fingertips. Here’s a look at what you can do with the HMRC app, how to access it and why you may just find it a whole lot easier for everyday tasks than a desktop PC.

Share Option Schemes Explained

share options

Share options provide a unique opportunity for both businesses and employees to reap long-term benefits. Join us as we explore what share options are, and how they can benefit both business and employee.

Employment Allowance – Saving Your Business Money and Helping You Grow

Most small business owners understand how crucial it is to manage their finances in order to operate successfully. A significant way to save money and stimulate growth for your business is to take advantage of the Employment Allowance. Here we explore the ins and outs of the Employment Allowance, and how it can benefit your business.

Payment Processors and Card Readers – Which are Best for Your Business?

Card readers

If your small business is ready to start taking card payments, you may be wondering which payment processors are the most suitable and if it’s best to hire or buy payment card readers. Whilst most offer the same basic function, it could be the detail in the feature, the hidden costs or the type of payment which help you make a final choice. Let’s explore some of the top card readers.

Spring Budget 2023 – What it Means for Your Small Business

Spring Budget 2023

In March, Chancellor Jeremy Hunt delivered his Spring Budget 2023. From tax changes to energy support, we take a look at the main points which will affect small businesses and see how the government plans to provide support in these challenging times.

Flat Rate VAT Vs Standard Rate VAT – Which is Best for Your Business?

Differences between Flat Rate and Standard Rate VAT

Understanding the differences between Flat Rate and Standard Rate VAT is important when you are considering going VAT registered, or if you are about to reach the VAT threshold where registration is mandatory. There’s no formula to say one is better than the other, but understanding how the Standard Rate VAT and the VAT Flat Rate Schemes work can help you weigh up which is right for your business, if you have the choice between the two.

Virtual Cards – What are They, and How Can They Benefit Your Business?

Virtual credit cards

Virtual cards can drastically change the way your business manages and makes payments, saving your business time and money as well as increasing security and flexibility to your team. Here we explore the benefits of virtual credit cards and how they can make a difference to your business.

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