If you are starting a business or trying to grow a business, it is important that you have a healthy cash flow. ll businesses aim for profit, but one good month just isn’t enough, you need a consistent cash flow. A business also needs to be able to manage fluctuations in expenses and payments too….
When starting out with your own small business, there are many different structures to choose from with the most popular company structure in the UK being a limited company. A limited company can be a very sensible choice for self-employed people, particularly, as your turnover grows, the structure of the limited company can throw up…
If you’re a self-employed pregnant woman, you are entitled to a maternity allowance. This refers to women who are still working but don’t qualify for statutory maternity pay (SMP) or who’ve recently stopped working. The Department for Work and Pensions pays the maternity allowance for a maximum of 39 weeks for applicants that qualify. Applications…
In Britain, we are one of the only countries in the world to be honest and open about the tax gap in our country and by publishing it in detail regularly, it has helped to keep this gap as small as possible. Especially as since publication began, the gap has only got smaller and smaller….
People give gifts all the time for birthdays, Christmases, Weddings and more. Obviously, these gifts don’t require the person who receives them to pay any tax on them. This, unfortunately, is not the case for all types of gifts. There are different rules and regulations dependent on what you gift someone, how you gift it…
Statutory accounts and management accounts propose to monitor financial movement and allow for reporting on current progress, previous successes/failures and provide forecasts for the future. To those new to business management (or those in the know), these words may sound like over-complicated accounting jargon. However, once simplified, they are quite easy to understand, and that…
When you start a business, you’re excited about multiple things such as getting your name out there, creating a great client base and sharing your products or knowledge with others. We doubt your first thoughts were about how to track expenses, generate accounts or managing the books! Here at Aston Black Accountants, we have the…
For the first time ever, the use of debit and credit cards has taken over cash as the most popular way to pay as contactless technology takes the lead on what it used for day-to-day spending. In total, 13.2 debit card payments were made in 2017, a rise of 14% in 2016 according to UK…
Making tax digital (first announced in 2015) was a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs. However, it is now believed that the initiative has been wounded by the current political affairs. The government’s original goal…
Expenses can be classed as necessities over all areas of your business, if you are unclear on anything and would like more assistance, please visit our website to find out more information. For businesses, it is usually clear what is tax deductible and what isn’t, no matter what the size of your business is. However,…