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What Is A Liquidity Ratio? Liquidity Ratios Explained
While you may be familiar with looking at profit and turnover, one of the most useful ways to measure financial health is by looking at
HMRC Overpayment Relief Claim Time Limit: Our Guide
Think you’ve overpaid tax in a previous year? You might be able to claim it back through the HMRC overpayment relief claim process but there’s
Self Assessment Late Payment Penalties: How Much Are They?
Filing your tax return late – or missing the payment deadline – can land you with some hefty self assessment late payment penalties from HMRC.
Bookkeeping vs Accounting: Difference Between Bookkeeping And Accounting
It’s important to know the difference between bookkeeping and accounting is essential for any business aiming to maintain accurate financial records and ensure compliance with
What is Amortisation in Accounting? Amortisation Meaning
Accountants use both amortisation and depreciation to spread the cost of an asset over its useful life. In this article, we explain – what is
Zero Rated VAT in the UK: What is Zero Rated VAT?
It can cause some confusion so in this guide, we answer the common question – what is zero rated VAT for UK businesses and their
What Is Hedge Accounting? Cash Flow Hedges Explained
We answer a common query: What is hedge accounting? Cash flow hedges may help protect from currency uncertainty. But what is hedge accounting?
What Is Assurance In Accounting? Assurance For SMEs
You may have come across the term “assurance” in accounting before. But what is assurance in accounting exactly and do you need it?
What Is Postponed VAT Accounting? When To Account For Import VAT
VAT can feel like a complex puzzle to get on top of at times. One piece of that puzzle is postponed VAT accounting.
VAT Cash Accounting: How Does It Work?
Businesses can use VAT cash accounting to alleviate the pressure on cash flow and simplify record keeping. What is VAT cash accounting?
How Is Corporation Tax Calculated? Our Guide
Corporation tax is a key financial obligation for UK businesses… But how is corporation tax calculated?
Petty Cash Meaning: What Is Petty Cash?
Managing a business’ day to day expenses often involves the use of some physical money, but what is petty cash?