CheapAccounting.co.uk Blog

Set up a separate bank account for business only income, costs and expenses. This will avoid things being missed if paid for through your personal account. It’s a much neater way of doing your accounts ...

Accounting is a matter of fact; transactions need to be accurately recorded as they happen. They certainly cannot be re-invented at a later date to suit what you meant to happen. Your accounting records should ...

There are several types of business set up but let's concentrate on the main two types: Limited Company Sole Trader (partnership if more than one person) Deciding between these two types of business structure is ...

Your profit extraction Strategy from April 2018. Our popular Salary and Dividend factsheet gives our recommendations for taking a salary and dividends from your limited company. The solution given here is generic and may not ...

Starting out any business with a friend sounds like a good idea. You are both full of enthusiasm at the start. It is great to have company along the hard, difficult road to the launch ...