No retained profits – Can you extract cash to cover your living expenses?
If you operate through a limited company, for example as a personal or family company, you will need to extract funds from your company in
Accounting, Tax & Business Blogs
Explore expert accounting, tax, bookkeeping, and business advice from across the UK. Get practical tips, financial insights, and the latest updates to help you manage your finances and grow your business.
What is Risk Management: How Can You Protect Your Small Business?
Risk management is the process of tackling risks that could adversely affect your business. Risks can be external as well as internal. Any business, regardless
How to Find a Niche Market and Make It Your Own
Want to get success as a small business? Find out a niche market. If you keep on working on a specific niche, you can get
What is a Mission Statement?
To figure out ‘what is a mission statement?’, you should ask yourself ‘what’s the purpose of your business?’ It is a concise statement that provides
What Is Return on Investment or ROI?
If you want to find out the return on your investment, you should do a performance check using ROI. Return on investment is also used
How to Forecast Sales for your Business the Right Way
Many of our customers frequently ask: How to do sales forecast? If you’re also looking to find out the answer, it means you’re eager and
Understanding the Cash Flow Statement
A cash flow statement lets you know about the cash that is coming in and going out of your business. It is one of the
How to Write a Small Business Plan Like a Boss
For achieving your business goals, you need to have a business plan beforehand. A business plan will keep your business on track to reach your
Directors’ Loan Accounts
A ‘Directors Loan Account’ (DLA) is an account in the company’s financial books that records all transactions between a director who is a participator (or
Making a Formal Complaint Against HMRC
Sometimes a taxpayer may find themselves in a position whereby HMRC seem to be taking an inordinate amount of time to settle a particular issue
A Guide to Small Business Grants in the UK and How to Apply
A deep investigation is needed to find out the startup business grants and small grants for businesses in the UK. Along with searching, you also
Relief For Interest Costs – Unincorporated Business vs Limited Company
Most landlords will need some sort of finance in order to invest in property to let out. However, while tax relief for mortgage and finance
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