Guide to Making Tax Digital

There has been much written in the press and online about Making Tax Digital (MTD) and yet in a recent survey over 40% of business owners said they didn’t know if and when it would impact their businesses. In this paper I have set out – with as little jargon as possible – what MTD…

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Should I incorporate my business?

Business owners should review the structure of their business at key stages in its lifecycle. A structure which suits a new business (e.g. a sole trader) may not be appropriate when the business matures and requires external funding. In this paper we will look at the decision to incorporate a business as a limited company…

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Starting a business

“Success is not for the timid. It is for those who seek guidance, make decisions and take decisive action” Jose Silva. Starting your own business is hard. Don’t let anyone tell you otherwise. Having the right attitude and mindset matters. A lot. And it isn’t for everyone. In this paper we outline some of the…

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Do I need an accountant?

Do I need an accountant? It may surprise you – coming from an accountant – to hear that my answer is not necessarily. If you plan your financial affairs in an efficient manner then there are many tasks that you can automate and outsource to a bookkeeper rather than an accountant. First things first, and…

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What are accounts?

‘Accounts’ is actually a misleading word, because there is no such thing as one set of accounts for a business. The fact is that different types of accounts can be prepared from the same information for different purposes.…

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