Cold emailing has stood the test of time as a powerful tool for businesses of all sizes. Its effectiveness stems from several factors:▪ Decentralisation: Unlike social media platforms, email isn’t subject to algorithm changes or policy shifts, providing businesses with more control over their outreach.▪ Universal Reach: Most business professionals have an email address, allowing […]
What Are Cold Emails & Why/ How You Should Them? Read More »
Accounting for small businesses is often a pain point for many new entrepreneurs. However, proper accounting is absolutely essential for business success. Businesses come and go! Whether you’re a start-up, freelancer, sole trader or run a limited company, having a handle on your finances from day one is crucial. In this guide we present some
How to Make Accounting for Small Businesses Easier in 8 Steps Read More »
The Flat Rate VAT Scheme (FRS) is a popular choice for small businesses as it helps to simplify VAT reporting. However, if your business spends a minimal amount on goods, you might fall under the Limited Cost Trader category, which affects the VAT rate you pay. Let’s dive into what it means to be a
The Flat Rate Scheme (FRS) was introduced to make VAT reporting simpler for small businesses by eliminating the need to track and claim VAT on purchases. Instead, businesses apply a fixed rate of VAT (known as the flat rate percentage) on their total VAT-inclusive turnover.We’ve already explored ‘What is the VAT Flat Rate Scheme (FRS)
How to Operate the Flat Rate VAT Scheme (FRS): Accountant’s Insight Read More »
When it comes to VAT registration, small businesses and self-employed individuals often grapple with the complexity of VAT returns. Read more on VAT here!The Flat Rate VAT Scheme (FRS) offers a simpler alternative for small businesses, designed to reduce the administrative burden while keeping your tax obligations in check. Let’s make it as easy as
What is the VAT Flat Rate Scheme (FRS) for Small Businesses: 8 Step Guide Read More »
If you’re running a small business, you’ve probably encountered the term VAT and may be wondering what it means for your operations. Value Added Tax (VAT) is a crucial part of the UK tax system, impacting businesses across all sectors. Whether you’re new to self-employment or considering VAT registration, understanding how it works, the benefits,
When starting a business, one of the most important decisions you will face is which business structure to choose. The most common options are operating as a sole trader or forming a limited company. Each comes with its own advantages and disadvantages, and making the right choice for your situation can affect everything from tax
Understanding Limited Company Advantages and Disadvantages | Accountant Insights Read More »
When you’re running a business, one of the key decisions you’ll make is how to pay yourself. Whether you’re a sole trader, limited company director, or partner in a business, getting the balance right between remuneration and keeping your business financially stable is crucial. Let’s explore the best ways to pay yourself, outline key considerations,
How to Pay Yourself as a Small Business Owner: A Complete Guide Read More »
Starting and running a limited company in the UK comes with the potential for significant tax savings, and one of the key areas where this can be achieved is through claiming allowable expenses. But what exactly are allowable expenses, and how can they help reduce your corporation tax bill by claiming the right tax relief?
Allowable Expenses for Limited Companies: What Can You Claim? Read More »
Here we go! The age old question. To be, or…When embarking on the path to self-employment, one of the key decisions you’ll need to make is the type of business structure you want to operate under. Two of the most common options are running a limited company or operating through an umbrella company. Each structure
Understanding Limited vs Umbrella Companies: 5 Steps Read More »
