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,…

When you’re a busy freelancer, the task of bookkeeping may be pushed to the bottom of the pile. But, effectively managing your finances as a freelancer is essential to the success of your business. Keeping good quality books can aid planning for the future and making better business decisions. Connect with a specialist accountant Specialist…

There may be dozens of characteristics of good business owners, however, successful business people have many traits in common with one another. Here are some essential qualities of successful business owners. Adaptable and flexible The client market is constantly evolving and so are marketing techniques, therefore, a successful leader is flexible to these changes. For…

Starting a business with a friend can be a great idea, since starting a business can be a difficult and lonely journey. You are both full of enthusiasm and can support each other through the initial difficulties of launching and running a business. However, there may be many pitfalls to setting up a business with…

The Charity Commission for England and Wales, found that insider fraud at charities was aided by the excessive trust and lack of challenge from others (released April, 2018). They then published some case studies from fraud attempts to highlight some of these issues. Of the 20 cases analysed, the absence of appropriate controls was the…

European data protection laws are going to come into force on 25th May 2018 and businesses need to be ready. These new laws will affect all businesses in the UK and the current Data Protection Act (DPA) will be updated to reflect the new obligations. The GDPR has a greater scope, with much tougher punishments…