Today, we embark on a journey to unravel the mysteries of basic accounting terms, demystifying the language that governs the financial world. Whether you’re a budding entrepreneur, a student, or just someone curious about the fundamentals of finance, understanding these terms is crucial for navigating the complex landscape of accounting. Assets: Assets are the lifeblood...Read More

Are you ready to turn your entrepreneurial dreams into reality in 2024? Starting a new business is an exhilarating journey filled with opportunities, challenges, and the promise of personal and financial growth. If you’re considering taking the plunge into entrepreneurship, you’re not alone. Many individuals aspire to be their own boss and build something meaningful....Read More

The tax season can be a stressful time for many individuals and businesses. With deadlines looming, it’s not uncommon to see people scrambling to gather documents, crunch numbers, and fill out tax forms at the last minute. However, there are several compelling reasons why you should avoid the last-minute rush to file your tax return....Read More

In the world of business, some tasks may seem less exciting than others, but they’re no less essential. Today, we’re talking about one such task: keeping your accounts in order. While it may not be the most thrilling topic, it’s a fundamental aspect of running a successful business. In this blog post, we’ll explore the...Read More

Choosing the right accountant is crucial for the financial well-being of your business. Whether you’re a small business owner or an individual seeking professional assistance, a skilled and reliable accountant can provide valuable guidance and expertise. In this blog, we will explore five essential tips to help you choose the right accountant for your needs....Read More

In a world where traditional employment structures dominate, the allure of self-employment is growing stronger than ever. Being your own boss and charting your own professional course can bring a wide range of advantages and personal fulfilment. Find out more about the benefits of being self-employed and explore how this path can empower individuals to...Read More

Managing and running payroll isn’t easy. As an employer, you’ll have to keep up with the latest legislative changes to ensure your workers get paid on time, in full, and fairly. As of this month, there’s a very big change that will impact the way you manage payroll. Read on to discover the new rates...Read More

2023 is here, and after hailing in another new year, it’s time to get back to business. Making resolutions for the year ahead is one thing every business should do. Setting realistic goals and milestones that are relevant to your company will help you achieve a new level of success, especially if you are a...Read More

With the deadline for Self-Assessment looming, many sole traders will be currently putting off the inevitable. Filing a tax return towards the end of January, and as close to the deadline as possible, is the modus operandi for the majority, especially with Christmas and New Year just around the corner. According to this report from...Read More

With more than 3.5 million sole traders operating in the UK as of 2019 – a figure that has increased year-on-year ever since – it is important to recognise self-employed professionals constitute an important part of the national business community. As a leading provider of accountancy services throughout the North East of England, we’re proud...Read More