Small Business Taxation Accounting (UK) – A Simple Guide
Small business taxation accounting is about understanding what tax your business needs to pay and making sure you report it correctly to HMRC. For many…
Accounting and Bookkeeping Blog for Small Business
-
-
Excel vs Accounting Software: When Is It Time to Switch?
Excel is often the first tool used for small business accounting. It’s familiar, flexible, and widely available, making it an accessible option when records are…
-
Top Alternatives to Xero in 2026
Five Alternatives to Xero Accounting Software – Free and Paid Plans Xero has established itself as a leading cloud accounting solution for UK businesses, but…
-
Making Tax Digital for Sole Traders: Complete Guide for 2026 and Beyond
Key Takeaways If you’re a sole trader or landlord with rental income in the UK, major changes are coming to how you report your income…
-
Self-Employed Allowable Expenses
As a self-employed individual, paying the right amount of tax is your responsibility. But did you know you can lower your tax bill by claiming…
-
Understanding Work in Progress Accounting
Introduction If you run a business that takes on longer projects — such as building services, manufacturing goods, or providing consultancy — you’ve probably heard…
-
Bookkeeping from Home – A Beginner’s Guide (UK)
Have you ever considered working from home but weren’t sure where to begin? Bookkeeping from home may seem an exciting opportunity, and it is one…
-
Making Tax Digital for VAT: A Simple Guide for Small Business Owners
Making Tax Digital (MTD) is HMRC’s plan to move tax filing online. If you’re a small business owner registered for VAT, you need to understand…
-
New Client Form
Running a small business means juggling a multitude of tasks – clients, deadlines, emails, and paperwork. One of the simplest ways to stay organised and…
-
What Is a Fiscal Year? (A Simple Guide for UK Small Businesses)
If you run a small business in the UK, understanding your fiscal year (also known as your financial year) is crucial. It affects your taxes, reporting…
-
Making Tax Digital for Income Tax Self-Assessment
Key Dates for Making Tax Digital In a recent announcement, the government revealed revised implementation dates for Making Tax Digital for Income Tax Self-Assessment (MTD…
-
Accounts Payable vs Accounts Receivable: Key Differences Explained
Introduction to Accounts Payable and Accounts Receivable When managing a small business, understanding your cash flow is crucial, and that starts with knowing the difference…
-
A Guide for Streamlining Your Accounts Payable Process
Accounts payable (AP) is the money your business owes to suppliers and vendors for goods or services received but not yet paid for. Managing accounts…
-
Fixed Asset Audit: A Simple Guide for Small Business Owners
Introduction to Fixed Asset Management If you run a small business, you probably wear many hats — from sales and customer service to managing finances….
-
Making Tax Digital Software for Small Business Owners
Definition and purpose of Making Tax Digital Software Making Tax Digital (MTD) is a UK government initiative to create a fully digital tax system. Its…
-
Accounting Software vs Spreadsheets: Which is Best for Your Business?
Managing finances is essential for any business, but choosing the right tools can be tricky. Many rely on spreadsheets like Excel or Google Sheets, while…
-
A Simple Guide to Financial Forecasting for Small Businesses
Imagine having a clear picture of your small business’s financial future. What if you could anticipate potential cash flow shortages or identify opportunities for growth…
-
What is the Difference Between Gross and Net Income?
As a small business owner, you’re constantly juggling numbers. Two of the most important are gross income and net income. While they might sound similar,…
-
11 Benefits of Self-Employment
Want more control over your work and life? Self-employment is on the rise, and for good reason. It offers the freedom and flexibility many crave…
-
How to Account for Payroll – Small Business Guide
Proper payroll accounting is essential for any business, ensuring it has accurate finance reporting, remains compliant with the latest tax regulations, and pays employees correctly….
-
Proof of Income for Self-Employed
Being a self-employed person in the UK offers fantastic freedoms but presents unique challenges when you need proof of income. Demonstrating your earnings is essential…
