Keeping your Business Cash Liquid – the difference between Cashflow and Profit
The key goal of a business is to make enough sales, at a big enough margin, to generate profit. But how does profit differ from cash flow?
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Emma Walsh
Aug 1, 20224 min read
Capital Gains Tax for Directors
When you’re a company director, it’s not just your business taxes that you need to be on top of.
Emma Walsh
Jul 29, 20223 min read
What Is The Timeframe For Probate? How Longs Does Probate Take?
Probate typically takes 9-12 months to complete. However, it can sometimes take longer if, for example there is property to sell.
Emma Walsh
Jul 27, 20223 min read
What Is A Self Assessment
Self-Assessment is a system HM Revenue and Customs (HMRC) uses to collect Income Tax.
Emma Walsh
Jul 25, 20225 min read
Tax And National Insurance When You're Self Employed
When you’re self-employed, you’re responsible for paying tax and National Insurance on your income.
Emma Walsh
Jul 22, 20222 min read
When Do I Not Need Probate?
The term probate refers to a legal document that is sometimes needed to deal with someone's assets after they have died.
Emma Walsh
Jul 20, 20222 min read
Cash Basis - How To Record Income And Expenses
You must keep records of all business income and expenses to work out your profit for your tax return.
Emma Walsh
Jul 18, 20222 min read
The Importance Of Hiring A Great Accountant
Every business, big or small, needs to hire an accountant to protect the financial integrity of the organisation.
Emma Walsh
Jul 15, 20224 min read
Probate In The UK
There are two ways to die in the UK; with a Will, and without a Will. If you are clever, you would choose the former.
Emma Walsh
Jul 11, 20223 min read
Self Employed Expenses
Whenever you’re looking at whether you can include costs for travel as a business expense, you need to consider why you made the journey.
Emma Walsh
Jul 7, 20224 min read
Boris Johnson resigns as prime minister, saying: 'No one is remotely indispensable'
Boris Johnson tells the British public: "I want you to know how sad I am to be giving up the best job in the world, but them's the breaks."
Emma Walsh
Jul 6, 20225 min read
15 Reasons Why Book Keeping Is Important
Bookkeeping is important for helping you maintain accurate financial records. Yet, many businesses fail to implement this integral process.
Emma Walsh
Jul 4, 20222 min read
Do you need to complete a Self-Assessment Return?
If you’re self-employed, a partner or a company director, then HMRC will ask you to submit an annual self-assessment tax return.
Emma Walsh
Jul 1, 20222 min read
How Do I Apply For Probate As An Executor?
An executor is someone named in a will as responsible for sorting out the estate of the person who’s died.
Emma Walsh
Jun 29, 20223 min read
Understanding Your Statement of Cash Flows
The statement of cash flows, shows how your business has generated and used cash (and cash equivalents) within a specific time period.
Emma Walsh
Jun 27, 20223 min read
Taking Out Cash For Directors vs Sole Traders
If you’ve just moved from being a sole trader to a limited company, you may get caught out by the different rules around withdrawing cash.
Emma Walsh
Jun 24, 20224 min read
What Are The Challenges Of Acting As An Executor?
When you decide to take on the probate work yourself you are facing two major challenges: a personal challenge and a legal challenge.
Emma Walsh
Jun 22, 20224 min read
How does Corporation Tax work?
When you operate your business through a limited company, that company is considered to be a separate entity from you as an individual.
Emma Walsh
Jun 20, 20222 min read
What Business Taxes Will Your New Company Need To Pay?
There’s a long list of compliance tasks to get your head around and one key task will be registering your company for business taxes.
Emma Walsh
Jun 17, 20228 min read
8 Things Executors Needs To Know
Anyone can be an executor. The role includes completing IHT forms, arranging the payment of tax due, and applying for grant of probate.
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