Whilst you have time to spare and are looking to reduce your overheads now would be the time to look at the charges for taking payments by card. You will be paying fees to offer your customers this service and every merchant services provider will charge differently. …

In their simplest form management accounts inform the business owner and managers (where appropriate) of the key numbers for their business. Every business is different and whilst some key numbers are important in every business each business might like to keep track of a different aspect of their business. …

If you are a sole trader or consider yourself to be self-employed you will need to declare your income and expenses to HMRC at the end of each tax year through a self-assessment tax return. Even if you earn income in addition to being employed and receiving pay through a payroll from your employer you need to declare your additional income to HMRC. The only exception to this …

If you are a sole trader preparing to file your tax return did you know that some of your business expenses can be calculated using HMRC's rules for simplified expenses? This includes motor vehicle costs and working from home which can often be time consuming to keep records of. …

Making Tax Digital for VAT is less than 6 months away. We are ready for it and have made sure all our customers know what changes they need to make too. Are you ready for MTD? …