Securing a mortgage can be hard enough at the best of times. Couple that with being self employed and the whole process could turn into a bit of a nightmare unless you’re well prepared. We regularly help clients with providing an accountant’s reference which most lenders will require if you are self employed. This usually shows the last two or three years financial data, … [Read more...]
Five reasons you will need an accountant for your limited company
I have been in the accountancy profession long enough to know that not everyone is a fan of spending their hard earned cash on using us to deal with their accounting needs. However there are a few reasons why I think it is essential to use an accountant to take care of the accounting and tax leaving you to concentrate on running your business …… Can you keep … [Read more...]
10 tips to make sure you get the right accountant for your business
If you are running a business, doing the accounts is an essential part of your operations. Unless you have a background in accounting or tax, keeping up to speed with all of the necessary laws, rules and regulations that you have to comply with can be a drain on your time. Time that you could better spend running your business. Getting an accountant onboard can help; … [Read more...]
What is a dormant company?
I regularly see the term dormant company used incorrectly. Things like: “Can I declare my company dormant?” “I have a few transactions but want to file dormant accounts” Unfortunately the term “dormant” is often misused and perhaps misunderstood. So what is a dormant company? The definition of importance is the Companies House one: A company is dormant if it has had no … [Read more...]
What’s the best business structure?
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 one of the most frequently asked questions of a new start up. Only you can decide what structure best suits your needs as it is not a 'one size fits all' … [Read more...]