How to Value a Business

Posted on 15th September 2026 by Rob Mollan

A business is generally valued by looking at what it earns, what it owns and what similar businesses are worth. However, there isn’t one formula that can give you an exact business valuation. The right approach depends on the type … Continue reading →

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Who Must Send a Tax Return?

Posted on 15th September 2026 by Rob Mollan

It’s not always clear whether you need to send a Self Assessment tax return. You don’t necessarily need to send one just because you’re self-employed or earn above a certain amount. Equally, having tax deducted through PAYE doesn’t always remove … Continue reading →

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What Are Management Accounts and What Are They For?

Posted on 20th August 2026 by Rob Mollan

Annual accounts tell you how your business performed over a completed financial year. By the time they are prepared, however, the figures may be too old to guide the decisions you are making now. Management accounts give you an up-to-date … Continue reading →

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How Much Does an Accountant Cost in the UK?

Posted on 2nd July 2026 by Rob Mollan

Accountant costs vary depending on who you are, what you need help with and how complex your finances are. Some people only need a one-off Self-Assessment tax return. Others need regular support with bookkeeping, VAT, payroll, year-end accounts, Corporation Tax … Continue reading →

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Why You Need to Keep Business and Personal Transactions Separate

Posted on 17th June 2026 by Rob Mollan

Many small business owners start by using one bank account for everything. When you are just getting started, it can feel simple and easy to manage. Over time, though, mixing business and personal transactions can make bookkeeping, tax returns and … Continue reading →

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Understanding Your 31 July Tax Payment Deadline (Second Payment on Account)

Posted on 12th June 2026 by Rob Mollan

If you complete a Self Assessment tax return, 31 July is an important date for your calendar. For many sole traders, contractors, landlords and individuals, this is when the second payment on account is due. This can sometimes cause confusion, with the date being significantly later than … Continue reading →

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Everything You Need to Know About P60s

Posted on 13th May 2026 by Rob Mollan

A P60 is an end-of-year tax summary issued to employees and anyone paid through PAYE. It shows how much someone earned and how much tax they paid during the previous tax year, which runs from 6 April to 5 April. … Continue reading →

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P11D Filing Deadline 2026: What You Need to Know

Posted on 14th April 2026 by Rob Mollan

If you provide benefits or expenses to your employees, you need to know about P11Ds. While it’s easy to overlook the P11D deadline when organising your payroll, missing it could lead to penalties and unnecessary stress for your business. The … Continue reading →

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Flat rate VAT: Thresholds and Registration

Posted on 26th March 2026 by Rob Mollan

If you run a limited company as a contractor or a small business owner, VAT becomes more of a priority as your turnover grows. You might have heard about the flat rate VAT scheme but may be unsure how it … Continue reading →

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What You Can Claim Tax Back on as an SME

Posted on 23rd March 2026 by Rob Mollan

If you run a limited company or small business, you’ve probably wondered what you can legally claim tax back on. It’s a sensible question, as claiming the right expenses reduces your tax bill because it lowers your taxable profit. In … Continue reading →

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