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How long do you need to keep tax records for small businesses?
Keeping accurate records is crucial for self-employed business owners and small businesses. Accurate business records not only ensure that you pay the correct amount of …
The Quick Guide to Business Asset Disposal Relief
For every business owner, there comes a time when they may wish to sell their business. This could be because they are retiring, relocating, or …
What is the difference between single entry and double-entry bookkeeping?
In business accounting, there are two main types of bookkeeping systems: single entry and double entry. Each system has its own unique benefits and drawbacks, …
The 6 Disadvantages of Double Entry System Bookkeeping
So, we’ve written before about the key advantages of a double entry bookkeeping system, but everything has its drawbacks. Luckily, our experts are here to …
The 6 Must Know Advantages of Double Entry bookkeeping
When it comes to bookkeeping, there are a number of different systems that businesses can use. One of the most popular and well-known systems is …
The 8 Disadvantages of Single Entry System Bookkeeping
If you’re like most business owners, you probably think of bookkeeping as a necessary evil. After all, it’s not the most exciting part of owning …
The 7 Advantages of Single Entry System Bookkeeping
Do you dread bookkeeping? It doesn’t have to be a dreaded task. In fact, with the right system in place, it can be a breeze! …
The List of Allowable Expenses a Limited Company Can Claim in the UK
Many business owners know their business expenses, but in the same breath, many are also unsure of the exact list of allowable expenses. Limited company …
Small business owner? Here’s how to find a good accountant.
Finding an outstanding accountant can make a small business thrive. For small businesses, having an excellent accountant to help them navigate ever-changing tax rules, legislation …