Free Accounting Software

Under Making Tax Digital for Income Tax Self Assessment (MTD for ITSA), you need to submit quarterly returns to HMRC, which sounds like a lot of work. However, there’s good news: the quarterly reports are cumulative, meaning each one bui

Invoices are the backbone of business; they outline what’s been sold, the amount it’s been sold for, and when a business expects to be paid. Without invoices, cash flow grinds to a halt. But what happens if an invoice is badly designed,

Having a business bank account can be the last thing on your mind when you’re just starting up. This can lead to the assumption that you can use your personal bank account as your business bank account, and just have both sets of transac

When you own a limited company, there are two distinct ways you can pay yourself: taking a salary or taking dividends. Taking a salary as a director As a company director, you are still able to take a regular salary from your company. Mo

When reviewing a business’s accounts, its health can be gauged by examining its cash flow. However, before you start this, you need to understand what cash flow is and how it works. To start, cash flow is the flow of money that happens i