7 Signs Your Small Business Needs a Virtual Finance Director
Running a small business is exciting, but let’s be honest, it’s also overwhelming. Between winning clients, managing staff, and keeping up with regulations, many owners …
The True Cost of Hiring Finance Staff vs Outsourcing: A UK Small Business Guide
Running a small business in the UK comes with one unavoidable reality: you can’t escape the numbers. Invoices, payroll, VAT returns, Corporation Tax, cash flow… …
Why Bookkeeping Alone is Killing Your Business Growth
Running a business in the UK is exciting, but it’s also demanding. Most small and medium-sized enterprises (SMEs) start with passion, a product you believe …
Financial Management vs Bookkeeping: UK Business Owners’ Big Mistake
Ask any UK business owner what their biggest headaches are, and “the finances” will be near the top of the list. Yet when pressed further, …
Are You Confusing Bookkeeping with Financial Management?
For many small and medium-sized enterprises (SMEs) in the UK, the words bookkeeping and financial management are often used interchangeably. On the surface, both deal …
Major repairs to a let property – What is deductible?
The nature of buildings is such that it may be necessary to undertake significant repairs, such as the replacement of the roof, or even underpinning …
Passing on the farmhouse – Implications of the changes to APR and BPR
Currently, there is no limit on the amount of qualifying agricultural and business property that can benefit from the 100% rates of agricultural property relief …
Tax implications of letting a room in your home
As the cost of living rises, you may consider letting a room in your home to bring in some much-needed additional income. This can be …
The powers of HMRC’s debt collection department
HM Treasury’s recent ‘Policy Costing Document’ published to accompany the 2024 Autumn Budget contained two sentences which appear to have gone d by many financial …
VAT reclaim – When things don’t go to plan
Even the best laid plans are liable to change. The ‘payback and clawback rules‘ for VAT reflect this reality. These rules only relate to input …
Directors’ loan accounts – The 30-day rule
Interest rates are coming down, but HMRC’s official rate of interest (ORI) for employee loans has increased to 3.75% per annum (6 April 2025), and, …
Checking your tax code
The tax code is fundamental to the operation of PAYE. An employee’s tax code provides the employer with the information needed to deduct the correct …
