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.
Who Pays the Bill if HMRC Make a Mistake?
11 June 2026
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?
4 June 2026
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
30 May 2026
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?
19 May 2026
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?
18 May 2026
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
15 May 2026
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
8 May 2026
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?
7 May 2026
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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Protecting Your Business Name, Intellectual Property and Trademarks
6 May 2026
Some business assets, like stock, premises, or cash are easy to recognise, but your business name, slogan, and brand identity is...
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What is Depreciation?
3 May 2026
Depreciation is the declining value of a fixed asset throughout its usable life. It’s used in accounting to spread the cost...
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Access HMRC Online: Government Gateway ID and GOV.UK One Login
1 May 2026
You’ll need to register and sign in to use HMRC’s online services so you can access things like your Personal Tax...
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Understanding Accountancy Terms: Overheads
26 April 2026
Overheads are costs which you incur in order to run your business, but they aren’t directly related to the product or...
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