Business

Best practices for business and personal finances

by Charlie Flockhart
August 30, 2023August 30, 2023

Mixing personal and business finances is a common mistake that many entrepreneurs, freelancers, and small business owners make.

Cash flow vs profits: a guide for small business owners

by Charlie Flockhart
August 29, 2023August 29, 2023

As a small business owner, you’ve likely heard the terms “cash flow” and “profits” used interchangeably. However, mixing these financial metrics up can cause severe consequences for your business.Read More »Cash flow vs profits: a guide for small business owners

Three things to consider when forecasting your finances as a small business owner

by Charlie Flockhart
August 24, 2023August 24, 2023

Forecasting is the act of looking at past and present financial data to predict future costs, expenses, and profits. Small businesses do this to tailor their business model more effectively.Read More »Three things to consider when forecasting your finances as a small business owner

Self-Assessment benefits for small businesses

by Charlie Flockhart
August 22, 2023August 22, 2023

As a small business owner, you are probably familiar with the term ‘Self-Assessment’. While many entrepreneurs link Self-Assessment primarily with the yearly tax ritual, it offers a lot more.Read More »Self-Assessment benefits for small businesses

The role of cloud accounting in modern businesses

by Charlie Flockhart
August 17, 2023August 17, 2023

In today’s digital age, the way businesses manage their finances has seen a seismic shift, largely due to the introduction and growing popularity of cloud accounting.

Understanding Director’s Loan Account (DLA) and the risks involved

by Charlie Flockhart
August 16, 2023August 16, 2023

Directors might opt to either lend money to or borrow from their own company. This type of transaction is called a director’s loans, and they are recorded in the Director’s Loan Account.

What tax implications can come with depreciation?

by Charlie Flockhart
August 15, 2023August 15, 2023

For business owners, understanding depreciation is not just about accounting practices but also about handling their taxes efficiently. Read More »What tax implications can come with depreciation?

Capital Gains Tax for SMEs – Recent trends and compliance

by Charlie Flockhart
August 8, 2023August 8, 2023

Collections of Capital Gains Tax (CGT) reached a record £16.7 billion in the last tax year, a notable increase from the preceding year’s £14.3 billion.Read More »Capital Gains Tax for SMEs – Recent trends and compliance