Having general accounting knowledge is crucial for any business owner, especially during tax season. Understanding common accounting terms is highly beneficial, as you will identify how they relate to your business and how it is performing.
Continue readingCategory Archives: Business Blog
How to navigate your first year as a business
Starting your own business is a major achievement and you will have spent a lot of time planning this venture and hoping for success. But navigating through the first year of this new business will be essential to achieve your goals and it can be difficult to know what you should be doing.
Continue readingHow can you deal with VAT return errors?
If you are running a business, handling VAT returns can be complex. You may have submitted returns with errors previously if you were unsure of what to do and could be at risk of further investigation or fines from HM Revenue & Customs (HMRC).
Continue readingHow to handle an overdrawn director’s loan account
As a director, have you ever considered taking a loan from your company? If so, it’s important to be aware of the potential risks associated with an overdrawn director’s loan account (ODLA).
Continue readingWhat do I need to do when selling my business?
Selling a business in the UK can be an exciting journey for those looking for opportunities to expand their portfolio.
Continue readingWhat do you need to know about salary and dividends?
If you are a business owner, you need to consider what to take in salary or in dividends.
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VAT fraud – Avoid getting caught out by phishing attacks
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