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Apps for financial accounting

November 24th, 2020

Apps for financial accounting »

When it comes to accounting and keeping track of expenses, the more you can automate the better. Automating calculations can save you so much time and make running your business much easier. Here’s our guide to some apps for financial accounting that your might want to download for your business: Xero One of the leading […]

What can I claim VAT on?

November 24th, 2020

What can I claim VAT on? »

As you register your business for VAT, you will start charging VAT on the products or services you sell. Registering also entitles you to claim back the VAT you’ve paid elsewhere. When you make business purchases, in most cases you’ll pay VAT that you will be able to reclaim. There are some rules and restrictions, […]

What are the deadlines for filing accounts?

October 15th, 2020

What are the deadlines for filing accounts? »

No matter whether you are actively trading or dormant, if you own a limited company then you must submit your annual accounts with both Companies House and HMRC. Failure to do so before the deadlines will result in large fines. The deadlines are individual to your business – there is no standard date. Read on […]

Bookkeeping vs Accounting: What’s the difference?

October 9th, 2020

Bookkeeping vs Accounting: What’s the difference? »

Bookkeeping and accounting are not simply interchangeable words for the same function. They are distinct, although usually closely linked. Read on to find out about what each means, how they are different and how they work together. What is bookkeeping? The main responsibilities of a bookkeeper are to record all of the financial transactions of […]

January 24th, 2020

Cutting Corners – The Quickest Route To Financial Failure »

Starting a business is often like trudging through a mire of obstacles, leaving the intrepid few with just enough energy to jump through the hoops laid out in front of them. It’s no surprise then that many would-be entrepreneurs look to cut corners – never advisable, but what is more alarming is that some see […]

October 20th, 2019

Accountancy – The Full Package »

Preston has been identified as the “star performer” in the Lancashire economy by Preston City Council. Business is faring well despite the economic turbulence and uncertainty. To avoid complacency with such an encouraging position, businesses in Preston need to be continually evaluating their progress. A by-product of this perpetual analysis is that Preston accountancy firms […]