10 min read As the owner of a limited company, there are certain laws you must follow regarding your books of accounts. And in theory, it is perfectly possible to handle those books yourself as long as you are aware of the laws and the relevant deadlines. However, in practice, it is almost always […]
Category Archives: Blog
10 min read Homeowners and landlords in the UK are facing increased mortgage rates for the first time in a long while, as the Bank of England upped its base rate to curb inflation. Interest rates are expected to keep rising, which will increase monthly mortgage payment brackets and could significantly affect the housing economy. […]
10 min read Financial statements are an important part of running a business in any part of the world, and the UK is no exception. They provide insight into the financial health of a company and are used by the leadership, investors, lenders, and other stakeholders for decision-making purposes. Why is it important to understand […]
10 min read The phrase “cash is king” is a colloquial expression you may have heard a million times! It suggests that having cash on hand is more valuable than other assets, such as property or investments. And yes, “cash is king” for sure for small businesses who can struggle to generate revenue and […]
3 min read There are thousands of landlords in the UK, owning and renting out second properties. The majority of these landlords declare their income and pay taxes on the profits on their tax returns because they know the consequences of not declaring rental income. But what do you do if you have rental […]
Blog, Business Challenges, Case Study
How full financial support helped Subvision Surveys propel from side hustle to £1.2 million in turnover in seven years
3 min read When we first met Jim, Subvision was a growing side hustle, turning over £40,000 as a result of weekend and evening work. At the time, the business was being run solely by Jim with the support of Subcontractor Keith – now a partner in the business. Most business owners in the […]
Blog, Business Challenges, Taxation
What is the Domestic Reverse Charge and how does it affect my construction business?
3 min read You may have already heard about the Domestic VAT Reverse Charge that came into effect from 1st March 2021. This is a change in the way contractors and subcontractors in the construction industry will account for VAT, specifically aimed at VAT registered businesses working under the Construction Industry Scheme. These changes […]
Blog, Business Challenges
I deferred VAT payments due to Covid 19, how and when do I have to make payment?
5 min read Many business owners took advantage of the opportunity to defer VAT in 2020 as a result of the Government’s Covid-19 business relief. While we’re not out of the woods with lockdown just yet, it helps to know when you are required to make repayments, and how you can go about doing that. […]
When it comes to all the financial stuff it takes to run a business, you have three main ways to get it done…
Switching to an electric car won’t solve the world’s climate crisis, but it will have a positive impact by reducing the UK’s carbon footprint. Not to mention, a positive impact on your finances.