Financial management is an essential aspect of running a successful business. Unfortunately, many businesses make common financial mistakes that can hurt their bottom line. In this blog post, we will discuss five common financial mistakes that businesses make and how…
Deciding to go freelance is just the beginning of some big decisions you need to make about your career, the next logical one being what you should be charging. Here are some tips to help you with coming to an…
There’s no such thing as too organised, especially when it comes to your business or personal finances. The start of a new tax year is the perfect time to assess your finances and make sure you are setting yourself up…
Creating a budget for your business is always one of the first steps when building a business and is crucial to ensure financial stability and growth. A well-planned budget can help you track expenses, manage cash flow, as well as…
The UK government is planning to increase the amount of money that workers can save in their pension funds without having to pay extra taxes. Currently, this amount is £1.07 million over a person's lifetime, but it is expected to…
Internet banking, also known as online banking or e-banking, has revolutionized the way people manage their finances. With internet banking, you can perform a wide range of banking transactions from the comfort of your home or office, without the need…
Hiring an accountant can be beneficial for individuals and businesses in a variety of circumstances. However, we understand it can be difficult to recognise when an accountant is needed, especially when you’ve never needed one before. Here are some situations…
A payslip is a document that details the amount of money an employee has earned in a given period of time, usually one month, and the deductions that have been made from their pay. Understanding your payslip in depth is…
Your self-assessment tax deadline for 2023 (for income earned in 2021-22) is 31 January 2023 at midnight without receiving a penalty. But don’t use this as an excuse to leave it till the last minute - you’ll end up pulling…
This is essential information for any VAT periods starting on or after 1 January 2023. Being aware of these changes can save money and avoid problems when it comes to submitting a VAT return. HM Revenues and Customs are replacing…