Features Archives - Accounting Firms

Xero vs FreeAgent | Which is Better for Sole Traders?

Managing finances is important for any business, regardless of size. With accounting software, you can automate tedious bookkeeping, minimise expensive human errors, and get a clear picture of your cash flow. Choosing the right accounting software can save time, reduce manual administration and improve financial visibility. For many accountants and UK business owners, the comparison

Xero vs FreeAgent | Which is Better for Sole Traders? Read More »

QuickBooks Pros and Cons Every Small Business Owner Should Know Before Buying

Features / Tom

If you are a small business based in the UK, it is vital to choose the right accounting software to ensure compliance. In 2026, the stakes are higher than ever as HM Revenue and Customs (HMRC) moves toward Making Tax Digital (MTD), its digital tax reporting initiative. For UK small businesses, QuickBooks remains one of

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Sale of a second home or investment property – Reporting the gain and paying the tax

Leave a Comment / Features, General, Misc / Tom

Unlike a gain on the sale of the main residence, which qualifies for private residence relief (as long as the associated conditions are met), any gain that arises on the sale of a second home or an investment property (such as a buy-to-let property) will be liable to capital gains tax. Since 6 April 2020,

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Normal gifts out of income

Leave a Comment / Features, General / Tom

The Oxford English Dictionary defines the word ‘normal’ to mean ‘conforming to a standard; usual, typical, or expected. A minor often misunderstood inheritance tax (IHT) gift exemption uses this definition of ‘normal’ whereby payments made (however large) are deemed to be inheritance tax-exempt transfers. To succeed, it needs to be shown that the payment represents

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Pros and Cons of using Limited Company Comparison Website

What are the pros of limited company fee comparison website

Leave a Comment / Features, General / Tom

Price comparison websites have been growing over the years. You’ll find multiple price comparison websites all across the globes. But are all these solutions niche-specific too, you ask? Unfortunately, most of these price comparison websites may not always be niche specific. However, if you’re looking for niche-specific options for accounting, you must be glad to

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Leaving the Flat Rate VAT Scheme

Leave a Comment / Features, General, News / Tom

The flat rate VAT scheme is a simplified scheme for small businesses. Under the flat rate scheme, VAT-registered traders pay a fixed percentage of their VAT inclusive turnover to HMRC instead of the difference between the VAT that they charge and the VAT than they incur. The flat rate percentage depends on the business sector

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Features

Xero vs FreeAgent | Which is Better for Sole Traders?

QuickBooks Pros and Cons Every Small Business Owner Should Know Before Buying

Sale of a second home or investment property – Reporting the gain and paying the tax

Normal gifts out of income

What are the pros of limited company fee comparison website

Leaving the Flat Rate VAT Scheme

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Features

Xero vs FreeAgent | Which is Better for Sole Traders?

QuickBooks Pros and Cons Every Small Business Owner Should Know Before Buying

Sale of a second home or investment property – Reporting the gain and paying the tax

Normal gifts out of income

What are the pros of limited company fee comparison website

Leaving the Flat Rate VAT Scheme

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