When to Move From Compliance Accounting to Advisory Support
Compliance accounting helps a business meet filing and tax obligations, but it does not always provide the timely information needed for pricing, recruitment, investment, cash flow or growth decisions
Hiring Your First Employee: Payroll and Cost Considerations
Hiring your first employee can increase capacity, improve service and create room for growth. It also turns your business into an employer, with payroll, pension, employment law and cash flow responsi
Why Turnover Growth Can Hide Falling Profit Margins
Rising turnover can look like proof that a business is growing successfully, but sales growth does not guarantee stronger profit. Discounts, higher direct costs, poor sales mix, overtime, recruitment,
Director Salary, Dividends and Mortgage Applications: What to Consider
Company directors are often paid through a modest salary and dividends, but mortgage lenders do not all assess this income in the same way. Some use salary and dividends actually received, while other
Overdrawn Director’s Loan Account: What Directors Need to Know
An overdrawn director’s loan account means a director has taken more money from the company than the company owes them. It can trigger a temporary Corporation Tax charge, a taxable benefit, National I
Company Pension Contributions: A Tax Planning Opportunity for Directors
Company pension contributions can help directors build retirement savings while reducing taxable company profits. However, the contribution must be structured, timed and recorded correctly, and the di