Accounting Insights

As a business owner, managing your accounts receivable (AR) is essential to maintaining positive cash flow and sustaining your business operations. Accounts receivable refers to the outstanding payments...

Small business owners have a lot on their plate, from managing day-to-day operations to keeping track of finances. One of the most important aspects of running a small...

Bookkeeping is the backbone of any successful business. It involves recording, organising, and analysing a company’s financial transactions. A bookkeeper is responsible for maintaining accurate records of all...

As a business owner, one of the benefits of owning a Limited Company is the ability to issue dividends. What are dividends? Dividends are payments made to shareholders from a...

As a small business owner, it is important to understand which business expenses you can claim for tax purposes. Claiming business expenses can help reduce your taxable income...

Business bookkeeping is the process of keeping track of a company’s financial transactions, including income and expenses. Effective bookkeeping is crucial for small businesses, as it helps owners...

Outsourcing accounting is when you pay an external accountant or accounting firm to manage your accounts for you, rather than employ an accountant on your own payroll or...

New research has shown that chasing payments are a big problem for small businesses within the UK. Three out of every five (60%) invoices issued by UK-based small...

Running payroll is an essential part of any business, as it involves paying employees for their work and ensuring that they receive the correct amount of compensation. However...

From 1 April 2023, the corporation tax main rate will increase to 25% for companies with profits over £250,000. A Small Profits Rate (SPR) of 19% will also...

The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for those working in the construction industry. Businesses in the construction industry...

Whilst most businesses in the UK charge VAT at the standard rate of 20%, there are a number of different VAT rates and exemptions that businesses should be...