Blog Posts

Accountancy FAQs

Unsure about VAT? Confused between IR35 and CIS? Find answers to frequently asked questions about accounting, business and finance. Our articles and guides cover a range of accounting FAQs help take the mystery out of HMRC jargon, so you can run your business in straightforward terms.

Accountants for Actors

Accountants for Actors

One of the best things about being an actor is no two days are the same. One minute you’re shooting a...

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What Happens If I Don’t Pay Enough Tax?

What Happens If I Don’t Pay Enough Tax?

Nobody ever really wants to pay tax, but paying less than what HMRC think you owe can be a stressful situation...

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What Happens When A Business Owner Dies Unexpectedly?

What Happens When A Business Owner Dies Unexpectedly?

As well as being an emotional time, the practicalities of what to do if a business owner dies can be confusing...

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Understanding Accounting Terms: Opening and Closing Balances

Understanding Accounting Terms: Opening and Closing Balances

Business accounting is awash with all sorts of terminology, so our jargon-busting series of accounting FAQs explains common accountancy terms to...

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Who Pays the Bill if HMRC Make a Mistake?

Who Pays the Bill if HMRC Make a Mistake?

Whether you’re a sole trader, limited company, or you co-ordinate the payroll, even the smallest mistake can have big consequences with...

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Where Can I Find My Unique Taxpayer Reference (UTR) Number?

Where Can I Find My Unique Taxpayer Reference (UTR) Number?

Along with your name and date of birth, HMRC uses unique reference numbers to help them locate and manage your tax...

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What You Need to Know About HMRC Compliance Checks and Audits

What You Need to Know About HMRC Compliance Checks and Audits

The words ‘HMRC compliance’ are likely to strike fear into anyone’s heart, which is hardly surprising given the penalties for getting...

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Can I Do My Own Tax Return?

Can I Do My Own Tax Return?

Lots of people submit their own Self Assessment tax return for all sorts of reasons. In this article we’ll go over...

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What is Cash Flow in Business?

What is Cash Flow in Business?

Having cash in your business doesn’t just mean physical notes and coins. In accounting terms ‘cash’ also refers to any other...

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Understanding Accounting Terms: Gross and Net Profit

Understanding Accounting Terms: Gross and Net Profit

The definition of profit seems simple enough, but in the business world there are two distinct types of profit – gross...

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Accountants for the Legal Industry

Accountants for the Legal Industry

The legal profession can be an unusual one as far as accountancy goes, so it’s often useful to engage with an...

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What is a Letter of Intent When Selling a Business?

What is a Letter of Intent When Selling a Business?

A letter of intent sets out everyone’s intentions regarding the transfer of a business, so there’s a good chance you’ll come...

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