Profit and Loss reporting changes finally put to rest
The ongoing story of Profit and Loss (P&L) reporting changes has finally reached its conclusion.
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Accountancy
Tips for tipping – Does automation spoil business relationships?
Automation is often viewed by business owners as an effective way to improve profitability by cutting back on tedium so that more time can be spent engaging with high-value work.
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Late payments are crippling SMEs: How to mitigate the impact
It has been estimated by the Small Business Commissioner that late payments are causing 14,000 businesses to close each year. That is equivalent to 38 businesses a day!
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The FRS 102 changes are now in effect: What should businesses do now?
The revised version of FRS 102 has now come into effect for accounting periods starting on or after 1 January 2026 and it will affect how your business prepares accounts under UK GAAP.
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Getting ready for your financial audit
Facing your first financial audit can be intimidating, yet it is an essential task for many businesses.
Understanding loss carry-back claims
In the unpredictable world of business, it’s not uncommon for companies to experience financial losses.
100 days until the Self-Assessment deadline: Are you ready?
We are now only 100 days away from the Self-Assessment tax deadline on 31 January 2024.
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18-year-olds to be included in auto-enrolment expansion
A recently approved Bill proposing an extension to the auto-enrolment (AE) scheme will facilitate “earlier and increased savings” for millions of young people across the UK.
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Cloud-powered accounting: Advancing beyond traditional cloud accounting systems
In modern businesses, cloud accounting has now become the norm rather than the exception.
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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.
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