Are you a company director contemplating a loan from your own business? If yes, it’s crucial to understand the workings behind the Director’s Loan Account (DLA) and the implications of an overdrawn director’s loan account (ODLA). Continue reading
Category Archives: Business
Is cloud accounting the future for businesses?
In the world of entrepreneurship and small businesses, technology continues to revolutionise the way we manage our operations.
The importance for businesses of avoiding tax fraud
HM Revenue & Customs (HMRC) recently announced that it plans to boost its use of Code of Practice 9 (COP9), a legal mechanism used to handle suspected tax fraud cases.
How to spot the early signs that your business may be facing financial difficulty
Many businesses across the UK have been financially affected by the cost-of-living crisis and the rise in inflation and have also suffered from the fallout of Covid-19 loan schemes and companies’ failure to make repayments. Continue reading
New HMRC service allows businesses to set up online payment plans for VAT owed
HM Revenue & Customs (HMRC) have recently confirmed that businesses that owe less than VAT £20,000 can now set up a payment plan online. Continue reading
What are the different types of car financing?
A range of car financing options are available for individual buyers and businesses alike.Continue reading
Corporation Tax: Upcoming filing deadlines and reminder about recent amendments
Recent changes HM Revenue & Customs (HMRC) made to the rate of Corporation Tax mainly affected larger businesses in the UK. Continue reading
Essential financial metrics every business owner should track
Understanding the financial health of a business is integral to its success, regardless of the industry or the size of the operation.Continue reading
Tips for launching a seasonal business
The allure of a seasonal business is strong for many entrepreneurs.
Strategies for SMEs: Surviving the interest rate hike
As interest rates in the UK rise, small and medium-sized enterprises (SMEs) will undoubtedly feel the pinch. Continue reading