Management Accounting
Many business owners only see their accounts once a year. By that point, the information is often too late to be useful. Year-end accounts are important for compliance, but they mainly show what has already happened. Management accounts are different. They give business owners regular, useful financial information throughout the year. What are management accounts?
Read More What Management Accounts Are — and When Your Business Actually Needs Them Management accounts are regular financial reports prepared during the year to help business owners understand performance, profit, cash flow and future risks. They are different from annual accounts. Annual accounts are usually prepared after the financial year ends and are mainly used for
Read More
Do I Need an Accountant for My Limited Company? What You Actually Get for the Fee A limited company does not automatically have to appoint an accountant. In theory, a director can manage the company’s bookkeeping, accounts, Corporation Tax, payroll and filings themselves. In practice, many directors choose to work with an accountant because the
Read More
What is an SPV in Property?
March 16, 2021What is an SPV (Special Purpose Vehicle)? A Special Purpose Vehicle (SPV) is a limited company set up for a specific project or transaction, typically used in property investment or development. In most cases, an SPV is created solely to: Purchase a property or land Carry out a development Hold or sell that specific asset
Read More
Land Tax / Stamp Duty Holiday
December 11, 2020When do pay Stamp Duty? All property in the UK is subject to a land tax which normally paid by your solicitor once the completion has occurred and Land Registry has been notified. How much you pay in Stamp Duty is all dependent on how you buy the property. Whether your buying as an individual
Read More
Tax Deferrals are coming due
November 30, 2020At the start of the coronavirus pandemic, the UK Government gave individuals and businesses the option to defer, until 2021, payments of Income Tax due by 31 July 2020 and VAT due in the period 20 March to 30 June 2020. In both cases, you could pay the tax or VAT by the original due
Read MoreChange of Accounting System
May 5, 2015We have migrated many of our clients bookkeeping functions from spreadsheets or even non existent systems to online accounting software packages. This has provided the client, accountant and bookkeeper access to live information anytime, anyplace provided they have internet access. This has also given the client access to avast array of reports and management information.
Read More