Year-end financial tips for small businesses
The end of the financial year can be a challenging time for many small businesses. Your company’s financial year may well be different to the tax year (6th April – 5th April the following year) and making sure you meet all of the necessary deadlines and have all the financial data that is needed can […]
How long do UK small businesses need to keep financial records?
Whether you’re a sole trader, a limited company or a partnership, keeping records of all of your financial transactions is an essential part of running the business and a legal responsibility for company directors. Essential record keeping includes financial and accounting records as well as those about the business itself. However, some businesses are unaware […]
New Year financial planning tips for UK small businesses
As one calendar year is coming to an end, many businesses turn their attention toward planning for the next one. Whether it’s about consolidation and aiming for more stability after the current year, growth and expansion, or you’re simply not sure yet where your focus should be next year, it can be highly beneficial to […]
How small businesses can vet potential new clients
Recent research by FreeAgent indicates that around 43% of invoices sent by UK freelancers and small businesses were paid late between June 2022 and June 2023. Late payments might not seem like a big deal to larger companies, but a delay in payment for sole traders and SMEs can have a big impact on cashflow […]
Frequently asked questions on accountancy for sole traders
We’ve compiled answers to some of the most common questions that accountants are asked bythose who are sole traders.If you have questions that are not answered below, we can help! Get in touch with us to find outmore. What records do I need to keep as a sole trader?As a sole trader, you’ll need to […]
Making the most of your tax savings this tax year: Time is running out!
Making the most tax-efficient choices when it comes to personal finances is always worthwhile, but you only have until 5th April 2023 to take advantage before the end of the tax year. Here are our tips to make sure you’ve done everything you can to help your money work harder on your behalf. Savings You […]