Accountancy and Tax

In the UK, a self-employed business owner can be known as a sole trader or a contractor. The key difference is that a sole trader refers to a business structure whereas a contractor describes a work arrangement. Here, we explore the main differences between the two and delve into the potential benefits and drawbacks of … Read more

If you are self-employed, working as a freelancer or running a limited company, it is essential to know what counts as a business expense. Being able to identify and claim business expenses accurately can work to reduce your taxable income substantially, enabling you to pay less tax. However, you first need to know what the … Read more

Knowing the key tax dates in the UK is crucial for meeting your tax obligations and avoiding financial and legal penalties. Whether you’re self-employed, a business owner or an individual taxpayer, you’ll need to keep track of these dates to adhere to HMRC requirements. Here we break down the key UK tax dates throughout the … Read more

If you wish to become an accountant in the UK, there are various qualifications you need to achieve. These will depend on whether you decide to be a chartered or certified accountant and if you want to specialise in a certain area of accountancy. The majority of accountancy careers will require basic qualifications, such as … Read more

Learn essential cash flow management tips for new businesses in the UK.

Learn how to effectively manage your startup’s finances and meet investor expectations with our comprehensive guide.

Learn how to create accurate financial forecasts for your startup with our comprehensive step-by-step guide.

Discover the essential tips and strategies for efficient bookkeeping in this comprehensive guide for entrepreneurs.

Discover essential tips for navigating the complex web of UK tax laws as an entrepreneur.

Learn how to steer clear of the top 5 accounting blunders that UK entrepreneurs often make.