Understanding the Differences between Turnover, Gross Profit, and Net Profit for Small Businesses
Turnover vs Profit: Gross and Net Profit Explained Turnover is what your business earns from sales. Profit is what’s left after costs. See how to…
Accounting and Bookkeeping Blog for Small Business
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A Guide to General and Administrative Expenses (G A Expenses)
General and Administrative Expenses Find out which costs count as general and administrative expenses, where they appear on your profit and loss statement, and how…
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Self-Employed Allowable Expenses
Self-Employed Allowable Expenses: What Can You Claim? Find out which expenses you can claim as a self-employed person, from travel and equipment to working from…
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Basic Excel Formulas
Basic Excel Formulas for Small Businesses Learn to calculate totals, percentages, and profits; copy formulas; and fix common Excel errors with practical examples. Basic Excel…
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What is a Bad Debt?
What Is a Bad Debt? Understand when an unpaid customer invoice becomes a bad debt, how to record a write-off and what to consider for…
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What is a General Ledger?
General Ledger: A Guide for Small Businesses Understand how a general ledger organises your business transactions and provides the figures for your financial reports, with…
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Common Accounting Errors Small Businesses Make and How to Avoid Them
Common Accounting Errors Small Businesses Make and How to Avoid Them Learn how to spot and correct common accounting errors, with practical examples and checks…
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Making Tax Digital Software for UK Small Business Owners
Making Tax Digital Software for UK Small Business Owners Compare free and paid MTD software for VAT and Income Tax. Find an option that suits…
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Do I Need a Separate Business Bank Account
Do I Need a Separate Business Bank Account? Find out whether you need a separate business bank account as a sole trader or limited company,…
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Tax Returns for Self-Employed
Tax Returns for Self-Employed Understand when you need to file, what records to keep, how your tax is calculated, and what changes are coming under…
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Making Tax Digital for Income Tax (MTD ITSA) Explained
Making Tax Digital for Income Tax (MTD ITSA) Explained Find out who must use Making Tax Digital for Income Tax, when the rules apply and…
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How to Start bookkeeping for a small business
how To Start Bookkeeping for a small Business A beginner’s step-by-step guide to recording your income and expenses, staying organised, and keeping HMRC happy –…
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What Is Bookkeeping? A Plain-English Guide for UK Small Businesses
What Is Bookkeeping? A Plain-English Guide for UK Small Businesses Bookkeeping is the process of recording and organising a business’s financial transactions, from sales and…
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QuickBooks Discount: Get 90% Off for 7 Months
QuickBooks Discount: Get 90% Off for 7 Months Exclusive partner offer for new UK QuickBooks customers. QuickBooks is offering new UK customers 90% off their…
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HMRC Free MTD Software: Best Free Options for Making Tax Digital
If you are a sole trader, landlord, or small VAT-registered business looking for free MTD software to comply with the Making Tax Digital requirements, you…
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Free Excel Job Costing Template
Are you struggling to keep track of your project expenses and accurately measure the profitability of each job? Look no further! Introducing our free Excel…
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How to Complete a VAT Return: A Plain-English Guide for Small Businesses
Completing a VAT return is something every VAT-registered business in the UK needs to do at the end of each VAT period. The return tells…
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Self Assessment Tax Return Explained (UK Guide for the Self-Employed & Landlords)
A Plain-English Guide for the Self-Employed, Landlords and Anyone with Untaxed Income If you’re self-employed, a landlord, or earn income that isn’t taxed at source,…
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How to Catch up on Bookkeeping
Falling behind on bookkeeping is extremely common for small business owners. When you’re busy serving customers, chasing payments, and running day-to-day operations, bookkeeping is often…
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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…
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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…
