Knowledge Hub
Insights & News from Your Finance TeamWe spend a lot of time offering our clients practical advice on how they can grow their businesses – please see some of our articles below and feel free to share.
What are capital allowances on cars?
Capital allowances on cars is one of those subjects that often surprises people when it comes time to do a corporation tax return. This is because instead of claiming depreciation as a deduction you have to claim capital allowances and these can often be different to...
Why creatives are different (and why their accounting is too)
We think you’d be hard-pressed to find two completely different professions as accounting and the creative industries. If you believe popular characterisations then you wouldn’t believe that we accountants could possibly enjoy working with creatives but you couldn’t...
Agencies – should you set up a subsidiary?
If you run an agency then you may wonder whether you should set up a subsidiary. As agencies grow, many develop a group structure with several different subsidiary businesses all doing different things or serving different niches. There are some very good reasons why...
Growing your business – 17 things to watch out for
When they start in business, most people have dreams of growing but there are some hidden traps that can stop those dreams from becoming reality. Everyone makes mistakes, but what we see are the same things coming up again and again. Some of them are pretty major and...
5 things to think about when appointing new directors
If you are thinking about appointing a new director then there are some important point you really do need to consider before you go ahead. You can ask anyone to help in your company, and you can employ anyone you like (within reason) but a directorship of a limited...
7 efficiency apps that will improve your business
Have you ever found yourself doing a job whilst thinking that there must be an easier way? Often we get into a routine of doing manually things that could actually be automated and with automation comes efficiency. If you want to grow your business then you need to...
Why Choose Limited? – The Benefits of Setting up a Limited Company
Are there really any benefits to having a limited company instead of working self-employed? While being self-employed may be all the rage, it isn't always the best route to go down when starting your own business. Setting up a limited company, despite being slightly...
How the subscription model is changing business (and why you need to know)
If you are like the majority of British people then you have a subscription of some form or another. There’s no doubt that the subscription business model has taken the world by storm and now users can subscribe for almost anything from food to cars to razors and yes,...
Dividends, How much can you actually take?
If you own a limited company then you are entitled to take cash in the form of dividends and whilst that can be a very tax-efficient form of directors pay there are some things you need to be aware of. In this post, we’re looking at the issue of dividends and...
10 things that are (and aren’t) true about starting a limited company
We specialise in helping clients to organise their business strategy in the most effective way and whenever we speak to our clients about starting a limited company it is clear that there are a number of myths around. In this post, we wanted to take a quick look at a...
MTD is on the way, what you need to do to prepare
You may have heard about Making Tax Digital (MTD) in the press and wondered what it is all about. This post is designed to give you some insight into the MTD roadmap and what to expect. Importantly, all businesses will be affected in the fullness of time so it’s not...
Is XERO difficult to learn?
Making the move to a professional accounting package can make a massive difference to any company but of course, you do need to learn how to use the system. We often speak with clients who think that it will take them forever to understand Xero and that they need...