Blog Archive for 2017

When it comes to working for yourself, you have a few choices on where to make your living. One of the most important decisions you will make is the location of your office - do you work from home, get a dedicated office, share a coworking space, or do something else?

We’ll explore the various options you have open to you and what it means for your expenses, accounting, and taxes.

The concept of assets and depreciation are important for your small business - they have a direct impact on the tangible assets in your business, how you account for them, and how much tax you pay. We’ll explore the meaning of assets and depreciation and tell you what you need to know.

AccountsPortal now supports online filing of VAT returns to HMRC!

You can now print or email receipts for all banking transactions, which will be particularly helpful if you use a Cash Book approach and avoid entering Sales Invoices. Read more to find out how.

Spending a few hours each month can save a lot of time in the long term. Find out how a bit of regular discipline can help reduce stress.

Keeping your accounting records up to date and in sync with your bank account is a critical part of running your small business.

Growing a successful business relies on minimising your costs and maximising your revenue. When you bring down your costs as much as possible and enhance your sales, you’re naturally creating a much better profit margin. That means more free cash, a bigger financial buffer to weather lean times, and money to invest in scaling your business.

Good information is vital to running a healthy business - you need the right financial information at the right time to manage your business effectively.

The right accounting software will give you the insight you need through financial reports, and knowing how to use them can help your business grow and thrive.

Here at AccountsPortal, we're pretty excited about Making Tax Digital — the UK government's initiative to make preparing, reporting, and filing taxes faster and easier (although probably not less financially painful!). Making Tax Digital is going to change a great deal about how small business owners deal with their taxes, and we'll explain what that means for you.