The term “double-entry bookkeeping” is often mentioned as a cornerstone for managing a business’s finances.
Category Archives: Financial Planning
How management accounts can help your business
Management accounts are vital in keeping on top of your business’s performance. But what are they, and how do they work?
Five strategies for leveraging financial forecasting
In the dynamic world of business, financial foresight is not just a luxury; it’s an essential ingredient for success.
Best practices for business and personal finances
Mixing personal and business finances is a common mistake that many entrepreneurs, freelancers, and small business owners make.
Navigating estate planning and Inheritance Tax: what you need to know
HM Revenue & Customs (HMRC) recently announced that Inheritance Tax (IHT) receipts were up by £200 million between April to July 2023, making this a record high.
What expenses can limited companies and sole traders claim?
Whether you’re the owner of a limited company or a sole trader, it is important to understand the expenses you can claim and the tax savings that these expenses bring.
Benefits of hiring an accountant for your start-up
Running a start-up can take its toll, with the inevitable early struggle of managing and overseeing every role within the business. Continue reading
Keep a clear focus on cash flow problems
Cash flow is an important factor in running your business. Not having sufficient money coming in and having too much money going out of a company is a recipe for business failure.
During times of significant economic slowdown, such as we have been experiencing during the Coronavirus pandemic, are often periods when businesses struggle with cash flow.
One in five small businesses not entitled to financial support, FSB reveals
As many as one in five small businesses and sole traders are not entitled to financial support under the Government’s coronavirus support package, it has been revealed.Continue reading
