A walk in the park

Business accounting for non-accountants

Bookkeeping Mistakes Made by Small Businesses

Most of the small businesses owners have little to no experience with bookkeeping, and they often make the same mistakes. Let’s see which the mistakes you should avoid if you are starting your own small business. Most managers start a new business thinking about how much they know about their domain, and how they are…

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Benefits of Payroll Outsourcing

At the time when they start a business, a lot of managers have little experience or knowledge in accountancy and running their own payroll. That is why the payroll process may seem a bit confusing and challenging. Also, they may feel intimidated by the fact that they can be penalised for the errors. Most small…

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Small Business Accounting Software Vs Manual Record Keeping

The key to a successful business is having an efficient bookkeeping and accounting system. There are several methods to do this, and you should always choose the one that suits your business. Small businesses can choose to do their bookkeeping manually, by recording every day the incomes and outgoings. As the business grows, it may…

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Tips for small business bookkeeping

Here are a few useful tips about bookkeeping that will help you avoid errors and develop some good habits when it comes to record keeping. It may not be your favourite task, but by learning a few tips and tricks about bookkeeping from the beginning, you may avoid making expensive mistakes in the future. If…

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How to Save Money with Online Accountancy

In order to be successful and efficient, all businesses should keep accurate accounts; this is required by the HM Revenue & Customs, but it is also the best way to help business managers keep track of their profit and losses. Keeping these accounts could be a fulltime occupation for a bookkeeper if you decide to…

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Why a Chartered Accounting Firm Should Be a Part of Your Business

Let’s take a look at what Chartered accounting means, what is its history in the U.K. and learn how a Chartered accountant can help your business develop and grow. Chartered accountants have a long history of business in the U.K since the Institute of Chartered Accountants in England & Wales was founded in 1880. The…

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Vat when buying a website business

Lately, an increasing number of business people are starting to move from the offline world to the online world, there are an increasing number of people interested in buying a website business, and there are a number of questions regarding the process of buying an online business. Since buying an online business is somehow different…

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Corp Tax and Vat on Fixed Assets

Fixed assets are considered all assets that are not consumed during the course of business; these can be buildings, lands, equipments, cars or other items. In accounting terms, the term “fixed” does not mean that the asset is immovable; some of the fixed assets may actually be moved. As a general rule, any asset that…

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Selling a tech business and preparing for due diligence

When trying to sell a tech business, you should know that the acquiring group will want to conduct a due diligence. Due diligence is basically the information gathering process that a buyer conducts before committing to the purchase of a business. Immediately after you sign a letter of intent with a potential buyer, the due…

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Difference in Convertible Notes and shares investment

If you own a startup, then you can choose investments by convertible notes or equity. As you might know, raising money is not an easy task, so you want to offer the best conditions to your potential investors. Let’s take a look at the differences between convertible notes and shares investment, and see what are…

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