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How the Super-Deduction Allowance could help your company

In the March 2021 Budget, the UK government announced the new super-deduction allowance. It sounds very catchy, but what are the realities of it for small/medium-sized businesses?

5 ways to instantly improve your bookkeeping

Bookkeeping is one of those things - it can seem repetitive when it doesn’t mean anything to your business OR it can be an absolute time-saver to your team and processes if done efficiently. We want it to be the latter. Here's how you can instantly improve your bookkeeping. 

3 things every tax advice newbie should know

The world of professional advice is daunting. There is a lot of jargon, it can be expensive, and you need to give information to a ‘stranger’ - someone you don’t 100% trust.  Understandably, we get a lot of nervous people on the other end of the phone throughout the year, especially if they are a tax advice newbie. Don’t fret, we have got your back.

3 ways to work with a friend and be business partners

We (James & Dean) have been friends for more than 12 years now since we met in our first year at University. After graduating and each venturing down slightly different career paths working for various industries/firms, we wanted to start our business. In autumn 2020, we decided to build our own tax and accountancy firm, joining our individual specialities together. 

1 year down the line, we reflect on what has been a good experience of working together (so far). However, we have put some rules in place to ensure the business's smooth running and to help maintain our friendship.

The six-step guide to setting up a new business (+ Business Plan Template)

Setting up a business is exciting but can also be daunting if this is the first time. Most people will not have had any exposure to accounting before starting up, so it’s not surprising if you don’t know how to approach it. How do you make all of this easier for yourself? Here are our top tips for starting a new business, having done it ourselves too.

Tax repayments for new businesses

New businesses with early losses might be entitled to receiving tax reliefs. Many people don’t realise but these can help make your business a success, and relieve some of the pressure you’re facing. Here are our top tips for getting started, and how to consider tax repayments as a positive for your new business.