Month: March 2025

27 March, 2025 8 min read Share Copy Link Copied On 26 March 2025, the UK government presented its Spring Statement. Chancellor Rachel Reeves kept her promise not to raise National Insurance, income tax or VAT rates. A fall in UK inflation announced on the same day will also help many businesses struggling to keep […]

27 March, 2025 12 min read Share Copy Link Copied Making Tax Digital (MTD) is part of the government’s ongoing plan to ensure all taxpayers use software for accounting and reporting that relates to tax. MTD for Income Tax follows the successful introduction of MTD for VAT in April 2019 and is the next step […]

21 March, 2025 7 min read Share Copy Link Copied Reliable financial forecasting is more than just a nice-to-have for CFOs and financial professionals. It’s a strategic imperative. Leveraging predictive analytics for financial forecasting can transform your planning process by harnessing big data and advanced algorithms. If you’re still using traditional methods based solely on […]

21 March, 2025 8 min read Share Copy Link Copied You’ve probably heard of accounts receivable, but do you know what it is? Accounts receivable is a concept in accounting that refers to money a company expects to receive at a future date. Read on to find out more about accounts receivable, how to record […]

17 March, 2025 7 min read Share Copy Link Copied Managing payroll and HR is never a one-size-fits-all challenge. And 2025 is proving to be no exception. Big changes are on the horizon that will directly impact your payroll processes, employee benefits, compliance practices, and the company’s bottom line. Stay calm. With a proactive mindset […]

13 March, 2025 8 min read Share Copy Link Copied Whether you’re starting a business or planning to expand, having a business plan can help to get you on track and get some detail behind your ideas. However, research from Barclays shows that one in four businesses don’t have a business plan. There are a […]

11 March, 2025 17 min read Share Copy Link Copied As a landlord, the way that you do your accounting related to property income might be changing from April 2026. Rather than submitting Self Assessment tax returns, you may need to follow Making Tax Digital for Income Tax rules. To help you understand the new […]

Accounts payable vs accounts receivable—balancing attention to both is crucial for a smoothly operating business.   While they should be managed separately, dealing with both processes effectively ensures financial stability and prepares your business for future growth.  This article covers the fundamentals, which will help you differentiate between these terms and understand their significance to the […]

There’s an old saying, “If you fail to plan, you plan to fail.” The same rings true when creating a budget for your small business. And research supports this. One of the leading causes of small business failure in the UK is the underestimation of running costs, according to a study by accounting body the […]