Navigating Your Business Finances: Choosing the Right Accountant and Understanding Bookkeeping & Payroll
Isobel Chaplin • Hello, fellow entrepreneurs! Let’s dive into a crucial topic that can make or break your business’s financial health: finding the right accountant and understanding the essentials of bookkeeping and payroll. Choosing Your Accountant First things first – finding an accountant who gets you and your business is key. Here are a few […]
DIY accounts or hiring an accountant: making the right choice for your business
Isobel Chaplin • DIY accounting might sound like a good idea, but investing in an accountant could be the best financial decision you make as a business owner. When you’re starting out as a business owner, the temptation is to go DIY with your accounting. Hiring a professional accountant or tax adviser costs money and […]
Demystifying Cash Accounting: A Guide for Small Businesses
Isobel Chaplin • For many small business owners, the world of accounting can be daunting and filled with unfamiliar terminology. One such term that frequently arises is “cash accounting.” In this blog post, we’ll explore what cash accounting means for small businesses and how it differs from other accounting methods. Understanding Cash Accounting […]
Understanding the Importance of P60s for Your Employees
Isobel Chaplin • As a business owner, you’re likely familiar with the importance of providing your employees with accurate and timely documentation regarding their earnings and tax contributions. One crucial document that plays a significant role in this process is the P60 form. In this blog post, we’ll delve into why the P60 is essential […]
Essential Checklist: Top 5 Things to Review for Your Year-End
Isobel Chaplin • As we approach the tax year-end for some businesses, it’s the perfect time to reflect on financial performance and prepare for the upcoming fiscal year. Whether you’re a small business owner, a freelancer, or a seasoned entrepreneur, reviewing these essential aspects of your finances can help you finish the year strong and […]
Spring Budget 2024 – did you catch it?
Isobel Chaplin • Did you catch the Chancellor’s Spring Budget yesterday? Here’s a quick roundup of how businesses and individuals will be affected from April 2024: Employees The main rate of employee National Insurance (Class 1) is being cut by 2p from 10% to 8%. Combined with the 2p cut announced at Autumn Statement 2023, this will save […]
Should you move your rental properties into a limited company?
Isobel Chaplin • 5 reasons to run your properties through a limited company When you first start out building a property portfolio, you may decide to purchase each property in your own name. While this keeps things simple, there are some clear-cut advantages to creating a limited company to own and manage your properties. […]
10 ways to improve business performance
Isobel Chaplin • We understand that in current times it can feel daunting planning for business growth. We’ve listed ten ways to make sure that you continue to drive through each business quarter with purpose, vision and encouragement to super-charge your business. 1. Eliminate distractions: “I don’t have time. I’m too busy”. Time is the scarcest resource […]
Accounting myths
Isobel Chaplin • Accounting is a vital aspect of running a business in the UK, and the topic is surrounded by many misconceptions and myths. In this blog post, we will address some of the most common accounting myths and debunk them to help you better understand the importance of proper financial management for your […]
“Why do I need an accountant?”
Isobel Chaplin • Managing finances can be a daunting task, especially as a business owner. The UK tax system is complex and constantly changing, and it can be difficult to keep up with all the rules and regulations. An accountant can help you manage your finances and ensure that you comply with all the relevant […]