Tag: accountants

Help – my accountant & bank manager aren’t speaking the same language!

When it comes to working out the difference between your accounts and your bank balance, it sometimes seems that everyone is talking a different language – none of which you fully understand.
Accountants quite often talk about cash, profits, accounting profits and taxable profits all in the same sentence, but you may be asking yourself: isn’t that all just the same thing?

For the love of bookkeeping

Let’s face it, unless you are an accountant, most people shudder at the thought of bookkeeping, especially when they have everything else to do while running a business. Once established, many companies employ or contract someone to do this role for them. If you are starting out and are doing the books yourself, or your plan is to employ someone from the outset, it’s really important to understand the importance of keeping an up-to-date record of your money…

Tax basics for your start-up

Believe it or not, the ‘taxman’ (or woman!) is your friend. No, it’s true. If you’ve ever been on the HMRC website, all the information about self-assessment, national insurance, how to set up an account, tax rates, VAT, PAYE and benefits is available for anyone setting up or running a business. There’s also a lot of it and to some, it may feel overwhelming. So here is a quick overview guide to tax for your start-up business…