Good Business Start

If you're running a small business, you're probably juggling a dozen roles at once. The last thing you want is to spend hours buried in spreadsheets. But here's the truth: avoiding your numbers doesn't make financial problems disappear—it just makes them more expensive to fix later. The good news? You don't need to become an accountant overnight. A simple 15-minute monthly review can save you from nasty surprises at year-end, help you spot problems early, and keep your accoun

Making Tax Digital (MTD) is transforming the way self-employed individuals and landlords manage their taxes in the UK. If you haven’t already adapted to the new rules, now’s the time to get up to speed. Whether you’re a sole trader, a property owner, or both, MTD will likely affect how you record, report, and submit your tax information. Who Needs to Follow MTD Rules? MTD for VAT All VAT-registered businesses , regardless of turnover, must already comply with MTD. You must ke

Reviewd and updated 08/11/2025 Bookkeeping is vital for businesses, ensuring accurate financial records and informed decision-making. By doing your own bookkeeping, you gain benefits such as cost savings and a deeper understanding of your financial health. In this blog post, we will share valuable insights into the world of bookkeeping and provide you with a step-by-step guide on effectively managing your own bookkeeping independently, empowering you to take control of your f

So, the tax year has ended. As a small business owner in the UK, filing a tax self-assessment can be a daunting task. However, preparing...

We have already talked about liquidity and financial position, which are vital for the survival and stable structure of your business....

In my last post, I wrote about liquidity ratios. I have explained why I think they are the most important of all the ratios. Let me...

I truly believe that accounting ratios are underestimated, and not used often enough by self-employed and small business owners. I often...

Starting your first-ever business can be daunting. without the right knowledge and support, it's difficult to know if you're going in the...

Since the UK have left the European Union, all of the VAT rules have changed. Now, EU MOSS is not available for us, and in most of the...

The end of the tax year is here! I'll keep it short and simple. I'm a strong believer in the power of preparing early. Organise all your...

Today instead of post, you can download a Microsoft Excel income and expense tracker for the self-employed. It is quite a simple format,...

If you are like just about any other VAT registered self-employed, chances are VAT calculations and returns are something you are...

Last week I have written a post about property income tax. As I was writing it, it dawned on me, that I should write a whole series of...

In this week's post, I would like to help you understand the process of calculating your tax if you rent a property. For the purpose of...

Why should you listen to podcasts? My life is pretty busy and intense. Is yours? I think all small business owners' lives are. The last...

This post will be really quick and easy! That's because registering as self-employed isn't rocket science really. Luckily enough, HMRC...

If you are only starting your business, or even when you work for yourself for a number of years, but your turnover is not more than...

Oh, dear. There is quite a lot going on recently isn't there? With the Covid and the Brexit regulations and guidelines are changing with...

If you are thinking of becoming self-employed or have just embarked on a journey of working for yourself, you might feel a bit confused...

MTD, or Making Tax Digital is here, and its's here to stay. Do you know what exactly does it mean to you? Are you MTD ready? Do I need to...