Blog

12 July 2021

What are fixed costs and how to manage them

When you run a business you will have certain fixed costs that occur on a regular basis. Find out what they are and how to manage them in this guide. What are fixed costs? Fixed costs are regular, recurring costs which you need to pay to run your… Read more

7 July 2021

Work life balance tips for business owners

When you’re a business owner you have a lot of roles to juggle. So, it’s important to keep a good work life balance. From tech free time to prioritisation, follow our 6 tips to bring back some balance. Set work hours and breaks To add some structure… Read more

1 July 2021

5 tax mistakes to avoid

Doing your tax can seem scary, but with the right tools it can be simple. We take you through common tax mistakes and how to avoid them. Leaving it to the last minute When you leave your tax returns to the last minute it can get stressful. Searching… Read more

23 June 2021

Guide to travel expenses for employees

If you have employees that travel for work, you need to know which expenses you can claim. We take you through it in this quick guide. Which expenses can you claim for travel? In short, you and your employees can only claim travel expenses for… Read more

21 June 2021

What is Making Tax Digital?

As of April 2019, VAT-registered businesses with a turnover of more than £85,000 are required to use the Making Tax Digital (MTD) service to keep records digitally and use accounting software to submit their VAT Returns. This will enable businesses… Read more

17 June 2021

How to start an accounting practice

When you start an accounting practice or start working as a freelance accountant, there’s a lot you need to think about. Follow this guide for the steps you need to take. Decide on a legal structure When you start your own accounting practice you… Read more

14 June 2021

Benefits of accounting software for freelancers

Being a freelancer means you get to work with your passion every day. While you have a lot of responsibilities, getting your accounting done doesn’t have to be a difficult task. Whether you work with an accountant or do your accounting on your own,… Read more

9 June 2021

How accounting can help your business

As a small business owner, doing your accounting can seem like one extra job to deal with. But, beyond compliance, there are a lot of benefits to your business when you do your accounting regularly. Understand your performance Doing your accounting… Read more

7 June 2021

How to effectively run a small business

We know you want your business to be successful. But, running a business isn’t always easy. Here are 7 steps to help run your business effectively, so you use your valuable time for the right tasks. 1. Price your goods or services right Whether… Read more

2 June 2021

What is a journal in accounting?

If you’re new to accounting and wondering what a journal is then you’re in the right place. Here’s what you need to know. What is a journal? Your journal in accounting is a record of all of your transactions in chronological order. Your journal… Read more

31 May 2021

How to become an entrepreneur

If you want to live your dream and become an entrepreneur, this step-by-step guide will take you through how to get started. Find your big idea The first step to becoming an entrepreneur is to find your big idea. Look for a gap in the market, or to… Read more

26 May 2021

How to save money working from home

Running a home business or working remotely as self employed can be a cost effective way to run your business. Here are some quick tips to help you save money when you’re working from home. Lower overhead costs Overhead costs are things like rent,… Read more

24 May 2021

How to improve the financial health of your business

Now you've measured the financial health of your business, you might need to make some improvements. Here are some tips to help you improve the financial health of your business. Which areas need improvement? Once you measure the financial health of… Read more

19 May 2021

All about accounts payable and accounts receivable

Grow your knowledge of accounting by learning about accounts payable and accounts receivable. What are accounts payable? Accounts payable is also known as your purchase ledger. It is a register containing information on which invoices have arrived… Read more