Self-assessment is a facet of accounting that every single property owner has to take care of yearly. It’s a necessary requirement to fill out a tax return, and not doing so can cause you to receive fines. With the paper deadline for assessment having just passed, some may be worried, but today we’re going to […]
Your accountant should be someone you appoint to make your life easier- not harder. Having your finances unorganised, and not dealt with correctly can bring about much unwanted stress. The key to a good accountant is transparency, trust and expertise. Continue to read to find out whether you have a certified accountant, or whether you […]
Are you waking up in the early hours of the morning, stressing about whether you’ve completed your tax returns? Are you overwhelmed by your finances and handling your personal and business accounts? Have you ever thought to get a profession to lift these burdens once and for all? Here at Carrington Blake Accountancy, we help our clients with stress-free accounting solutions to make life easier. Continue to read to find out more about how an accountant can help rid yourself of financial nightmares.
All businesses face financial stresses and issues at some point. Property owners are no different. There are a plethora of common problems that home owners face, and with your accountant helping you put the right procedures in place, they can be dealt with swiftly and effectively.
Bookkeeping can be defined as how a company or organization keeps track of any financial transactions. Let’s be honest you probably knew that already. Whether you are a trained bookkeeper who is an online bookkeeper or not you could be making any one or multiple of these bookkeeping mistakes.
If you are at risk of being audited and examined, the first thing you should do is seek professional tax advice. Similarly, if you receive collection letters threatening your wages or the tax levy letter for your bank account, you should seek professional tax advice. Thus, this blog is going to outline which tax issues […]
When it comes to start-ups, there are many reasons why they aren’t successful. Start-ups are risky and need a lot of attention as there are lots to think about. If you are planning to start your own start-ups then, read on to find more about how start-ups fail. Reasons why start-ups fail Your product is […]
Forecasting is a technique that uses previous archived data from your business. This data is used as inputs to make informed estimates that are predictive in determining the direction of future trends. Forecasting allows you to get an overview of the progress your business is making. This blog will help you to understand the different […]
Starting your own business can be an exciting yet nerve-wracking journey. There are many components that contribute to preparing the launch of a brand. Before delving into any entrepreneur venture, it is important to get to grips with the fundamentals. Continue to read and we will provide you with a step by step guide on how to start your own business from scratch.
A break-even point is an important financial component to any business which deals with a product or service. Understanding what it means, and how to calculate it helps you evaluate your business’ revenue model and how profitable it is. This blog will provide you with all the necessary information you should know about break-even points.
VAT is a standardised tax that most businesses and individuals must contribute towards. It stands for Value Added Tax, and as the name suggests, it’s collected any time value is added to a product or service. The VAT paid goes towards Her Majesty’s Revenue & Customs (HMRC) when they sell or hire out goods or services. There are some exceptions, such as sales outside the UK. However, for many businesses, VAT applies to every sale.
When it comes to the financial aspect of your company, it is helpful to set up a business bank account so that all the money coming in and out of your business is accounted for. It can get confusing to merge your personal account with your business income and outgoings. Read on to find out everything you need to know about Business Bank Accounts.