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Category Archives: Uncategorized

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5 Things to Consider When Hiring Your First Employee

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When Should I Hire My First Employee? A monumental step to take when your business is expanding is hiring your first employee. Whether you’re worked off your feet, or are encountering tasks which require more knowledgeable input, at some point in all businesses it’s time to add to your solo enterprise. Hiring an employee should be … Continue reading

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What does an Accountant do?

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What does an accountant do?  Everyone knows accountants work with numbers and deal with finances, but the role can be a lot more varied than most people expect. An accountant can be incredibly useful, giving you trustworthy guidance to help your business become more efficient, providing you with strategic advice and saving you money. In … Continue reading

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Self Assessment Tax Returns: A Guide

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Self assessment tax returns are necessary for anyone who receives income which is not taxed ‘at source’. ‘At source’ taxing is where tax you owe is taken directly from your income before you receive payment, for example a salary from an employer under the PAYE system. Filling in the paperwork which a self assessment tax … Continue reading

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Top 4 Traits You Need in Your Accountant

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An accountant is integral to a business’s organisation, ensuring that the financial arm of the business is sound. With such an important role being undertaken by your accountant, you’ll need to know that they’re right for the job. They’ll need the skills, expertise and professionalism to deliver an outstanding service, and here we’ll be looking … Continue reading

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VAT place of Supply rules for Digital Services

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The way that VAT is applied on the sale of certain B2C digital services in the EU changed in January 2015. The place of supply is now determined by the location of the customer who receives the service rather than the location of the supplier. To save the need for businesses affected by these changes … Continue reading

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What legal structure is best for my startup business?

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Choosing a legal structure for a startup business is normally one of the most prominent issues of discussion between a new business owner and their advisor, and rightly so, as it is something that needs to be correct from the very beginning of a business start-up. The end decision really comes down to two factors: … Continue reading

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Understanding Your Payslip

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You may be so used to receiving your monthly payslip by now that you probably just take a quick glance when it arrives on your desk or in the post. However, it is imperative that you check your payslip on a regular basis to ensure that all the information is correct. Trying to decipher the … Continue reading

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Assessing The Risk Of Money Laundering

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When Money Laundering Regulations are used to regulate a business then a risk-based approach should be taken by that business. Through using this type of approach you will be more able to determine which areas of your business could be targeted and exploited. Consequently, you can then take the relevant steps to stop money laundering … Continue reading

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Preparing & Submitting Annual Accounts & Reports

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Operating in business as a limited company brings with it a number of responsibilities and filing annual accounts is one of the most important duties that owners need to be aware of. This is required by law, with the company accounts each year submitted to Companies House along with an annual return. Preparing Annual Accounts … Continue reading

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Cash Flow Management

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As many owners of small firms and start-up businesses know, obtaining credit from a bank is still easier said than done in today’s economic climate. Therefore, careful handling of your cash flow is essential. If you run into trouble paying bills or paying your staff, then running to the bank for a loan that will … Continue reading

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