5 Tax return errors made by small businesses
According to HMRC, tax doesn’t have to be taxing – but sometimes, unfortunately, it is. Running a small business can be incredibly tough and gathering all the information needed to file your taxes at the end of the tax year can be a draining and difficult process for all involved. We are, ultimately, only human, […]
Four things you can do to help your accountant
Of course, your accountant is responsible for providing you with a first-rate service, ensuring your books are in order, your tax return is filed on time, and you are taking advantage of all legitimate tax breaks that are available to you. However, accountants aren’t magicians, and they will need a bit of help from you […]
How an accountant can help your business
Firstly, ask yourself, why do I need an accountant? You may have recently started up a new business either as a sole trader or a partnership, or have incorporated a company. You may have rental income from properties. You may have made a capital gain from selling a property. You may have foreign income that […]
Debit & Credit
It is not surprising when small to medium sized business owners query about Debits and Credits and the whole system of double entry bookkeeping, but it is a shock when you ask an accountant and they can’t explain it, although most of us accountants use the system day in day out. I would like to […]
