Category: Finance

Making Tax Digital

So, we have all probably heard the term Making Tax Digital over the last year or so, but what is it and how does it affect you? Making tax digital is a government plan, to help individuals and businesses make the submitting of their returns easier and keep on top of their affairs. VAT Registration […]

Financial Record Keeping

Legal Requirement As a business owner, it is a legal requirement to keep financial records.  If you are a sole trader, HMRC might want to see them and if you are a Limited company you have to submit annual accounts to Companies House. It is also a legal requirement whether you are a sole trader […]

Raising your Invoices

When running a business one of the most necessary tasks we do is raising your invoices for payment. But have you ever thought about when you should raise them or how important they are? Here are my top tips, for you to consider when raising your invoices. Get Payment Up Front We are in many […]

VAT Registration

Are you a business owner, or thinking of starting a business? Do you ever wonder if you need to be registered for VAT or not? When you run a business whether you are a sole trader or a limited company, it is a legal requirement to keep financial records. But do you need to be […]

Myth Busting – The difference between accountants and bookkeepers

We all know that bookkeepers and accountants are a necessary business function, but do we really understand who does what and why, and what the difference is? Why do we need one and not the other or do we need both? Broadly speaking bookkeepers are primarily concerned with accurately recording your financial data, while accounting […]