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If you're a business owner, then you need to know about double-entry accounting. This system is the foundation of modern accounting, and it's essential for understanding your financial statements.

In this blog post, we'll introduce you to double-entry accounting and explain how it works. Once you understand this, you'll be able to better manage your finances and make informed decisions about your business.

The biggest financial mistake that business owners make isn't about credit cards or spending or savings accounts.
- It's DIY accounting.

In this day and age, a strong online presence is a key ingredient for small business success. However, gone are the days when a few Facebook posts here and there would suffice to build an audience. Creating and maintaining an online presence for your business requires time, effort and careful strategy.
With that in mind, let's take a closer look at how you can develop an online presence that represents your business well and attracts a reliable stream of new customers.

As a small business owner, it pays to invest your capital wisely and grow your business steadily, whilst creating a financial buffer to protect your company during difficult times. However, with so many different investment options available, it can be difficult to know which ones are the best for you.

Where you have incurred business costs from a personal bank account or cash, as long as you have recorded the expense in the company records you can take this back from the company bank account (as long as the company has the cash available). There is no tax associated with this cost recovery and the important issue is to ensure you keep a receipt to show the valid business expense.

Our decisions are always informed by past experiences, even if only to a small extent. Understanding the relationship between your background and future choices can prove very beneficial.

Did you know that your accountant could do more than just help you with your taxes? In fact, accountants can help you with a variety of tasks, including bookkeeping, financial planning, and even business consulting. If you're not taking advantage of all the services your accountant has to offer, you're missing out on valuable assistance and wasting money.

In response to the various concerns voiced with regard to the present cost of living crisis, the Chancellor, Rishi Sunak, announced a raft of support measures in Parliament 26 May 2022. This update summarises the grants and other financial support packages provided to counter these concerns.

5 steps to take as a new Ltd Company

When starting a new business, it's critical to get the foundation right. Your journey as a business owner will be much smoother and simpler if you start off on the right track with your finances and accounting.