As you are most likely aware, starting up a new company in the United Kingdom will require you to inform HMRC if it will be liable to Corporation Tax, to pay any tax that may be due and to file all returns well within a specified time frame. It should be noted that these obligations are different than the steps that a limited company needs to … [Read more...]
Top Tips to Help You Improve Your Accounting Website Bounce Rate
Bounce rate is an internet marketing term to analyze web traffic. It’s a metric of Google Analytics (GA) that measures the percentage of users who land on your website’s landing pages or a particular page of your website but leave from there without initiating any action on it or visiting another page on the site. If you’ve been struggling to … [Read more...]
How Your Accountant Can Help With Succession Planning
Change or die, a quote by Alan Deutschman perfectly sums up the importance of embracing change on your way to success. The thing is that success isn’t an end game but an ever-evolving process, which means that you have to work hard in order to stay on top of your game. The same applies to the period after you retire, and it’s up to you to … [Read more...]
Car Lease or Buy: Which is More Tax Efficient
Do you need a new set of wheels? Whether you are getting a car for your small business or just for personal use, it is a large expense. Instead of buying a new ride, more and more people are opting for a lease. The UK has become the third-largest vehicle leasing market in the world. But when we factor in taxes, does leasing a car make more sense … [Read more...]
How to Choose an Accountant
Your business has finally grown enough for you to consider hiring a professional accountant. Congratulations! This means you’ve decided to invest in the growth of your business. Managing your finances and taxes isn’t just a time-consuming affair, it’s also extremely complex and a tiny error can end up hurting your business. Financial … [Read more...]
Top Six Online Accounting Packages
Managing accounts is a must for every business. However, choosing a perfect accounting tool that meets all your accounting needs is a mammoth task as mostly all the tools offer similar services with few deviations. To make it somewhat easy for you to decide, discussed below are top six Online Accounting Packages (in no specific … [Read more...]
What is SAP Business One and How it can Help my Business?
Large businesses use ERP Solutions. Small businesses stick to basic (mostly free) software to manage finances, inventory, customer support, human resources, and business operations. An Enterprise Resource Planning Solution is something that a small business having 18 employees cannot use. Even if you own a medium-sized business, ERP isn’t for … [Read more...]
7 Benefits of Hiring an Accountant for Your Business
There are many benefits to hiring us as your accountant, but we thought we would keep this short with 7 reasons to hire an accountant for your business. Business owners are known to be experts in their own field or industry. These entrepreneurs tend to exercise a great degree of control over their business operations. As a result, they rarely … [Read more...]
An Outline of Accounting Records You Need to Keep
If you are either self-employed or a company director, it is your obligation to fill in a Self Assessment tax document. Obviously, there are certain records that you will need to keep close at-hand throughout the year to allow this process to be completed smoothly and effectively. Also, HMRC may have enquiries in regards to your previous … [Read more...]
HMRC’s Property Let Campaign
HMRC have been running a campaign since 2013 with the purpose of creating a path for individuals who have been generating income from renting properties, but have not declared this income to HMRC (Income must be declared whether you believe there would be tax payable or not), to bring their tax affairs up to date. There are many reasons why … [Read more...]