If you’re self-employed, then you probably already know just how many hoops you need to jump through, the paperwork you have to file and the rules you have to follow. Just one of those things is a self-assessment tax return – which HMRC requires you to fill in once a year and file with them. […]
Money is a big issue for business. It’s what keeps the wheels turning, and what ultimately keeps everyone coming to work every day. But sometimes your business might need a little bit of a cash boost in order to grow, and for that you need finance. There are a lot of different finance options available […]
If you have any friends, associates or even business contact who are contract workers, ask them what the worst parts of their job are. In amongst all of the industry-specific tasks and a few odd annoying jobs, you can bet that somewhere in the ‘worst bits’ list will be the phrase ‘IR35 Legislation’. In fact, […]
Did you know that there are over 2 million VAT registered businesses in the UK? That’s 600,000 VAT returns submitted every month, and around £125 billion in VAT paid to HMRC every year. If you’ve not come across it before, VAT stands for Value Added Tax, and is the charge added to nearly everything you […]
Ahh, Christmas. That time of year when even the busiest business owners shut their doors, roll down the shutters and get to enjoy some well-earned rest at home. Right? Well, sort of. The truth is the Christmas is often a stressful time for small business owners, particularly if they aren’t used to stepping away from […]
The Christmas period is a time for giving. Not just personally – many businesses get into the festive spirit too. It’s a great opportunity to use it as a chance to promote their business with gifts, and reward their loyal customers and staff with parties or other forms of thanks. While all of these are […]
Why do I need an accountant? It’s a question we hear a lot, but the answer really isn’t as simple as you might think it is. In reality, all businesses could benefit from having an accountant in their corner, and now having a good accountant is essential for the survival of many businesses across […]
When you’re first starting out in business it can feel like there are a thousand things you need to decide. And to be honest, there are quite a lot of things you need to think about! But one of the first, and possibly the most important, is the structure of your business. This decision affects […]
In a world where the prices of things just seem to keep going up and up, we always find ourselves on the lookout for the best deal. We shop around, price compare and play suppliers off against one another to get the best price and save some money. In business, we do the same. A […]
At Cove Accountancy Services, we frequently work with small and medium sized business owners, helping them manage the finances of their business more effectively. This might seem like a small task, but in reality, financial management is about much more than just putting together the accounts once a year and filing for VAT. It’s also […]