Profit on paper, but no money in the bank?
Making a profit doesn’t always mean having cash in the bank.
Your business can be profitable while money feels tight. Find out why profit and cash flow can tell very different stories — and why keeping an eye on what’s coming in and going out can help you stay in control.
Are Your Business Accounts Giving You the Information You Need?
Are your business accounts simply being completed, or are they actually helping you understand your business?
Accurate bookkeeping provides much more than figures for an annual return. Regular reconciliations, correctly recorded transactions and up-to-date records can give you confidence in your numbers and help you make better-informed decisions.
In this Insight, we look at what business owners should consider when reviewing their bookkeeping and financial support — including what they’re actually paying for, the importance of accurate records and whether their accounts are giving them the information they need.
What Can a Qualified Bookkeeper Actually Do? It May Be More Than You Think
Think a bookkeeper only enters invoices and balances the bank? Think again. A qualified bookkeeper may be able to provide a much wider range of financial and tax services than you realise. Discover what a qualified bookkeeper can actually do and how Mays Accounting Services can help your business.
5 Common VAT Return Mistakes Small Businesses Can Avoid
Preparing your VAT Return doesn’t have to be stressful. Discover five common VAT Return mistakes small businesses make and practical tips to help keep your records accurate and your returns on track.
Self Assessment Payment on Account – 31 July Deadline
Confused about Self Assessment Payments on Account? Find out who needs to pay, when the 31 July deadline applies and what happens if your income has changed.
Is Your Bookkeeping Taking Up Too Much Time? Here’s How to Save Time and Money
When you started your business, you probably didn’t imagine spending evenings sorting receipts, chasing invoices or trying to work out whether your accounts are up to date. For many small business owners, bookkeeping becomes one of those jobs that gets pushed to the bottom of the list—until it suddenly becomes urgent. Good bookkeeping isn’t just […]