by stevegayler | Jun 7, 2021 | Accounting
The first time you approach an accountant you may be unsure of what you’re looking for, or most importantly what the right level of support is for your business growth. Then as your business grows and becomes more established, you may begin to question if your...
by stevegayler | May 27, 2021 | Accounting
Should I be a limited company or a sole trader? Regardless of the size of your business, it must have a legal structure. Most UK businesses choose to be either a limited company or a sole trader. It is estimated that there are 2M limited companies and 3.5M sole...
by stevegayler | May 17, 2021 | Accounting
6 top tips for managing and declaring dividends You may have heard the phrase ‘declaring dividends’ used in relations to businesses, but if you’re running a limited company, you need to become familiar with what a dividend is and how they can help...
by stevegayler | May 17, 2021 | Accounting
What is the difference between profit and cash? Cash and profit are two important elements of any business. Cash is measured by the cash position and cash flow statement, whereas profits are displayed in the company’s profit and loss (P&L) statements. ...
by stevegayler | May 12, 2021 | Accounting
Understanding your Profit & Loss (P&L) Statement Your Statement of Profit & Loss (P&L), or Income Statement, displays the overall performance of your business over a specific period. Usually this is a month, quarter, or financial...
by stevegayler | May 5, 2021 | Accounting
Am I affected by the Domestic Reverse VAT Charge? We’ve been talking to our clients about the domestic reverse VAT charge (DRC) for building and construction services for some time now. However, with queries still coming through from prospective clients we...
