Category: Northants Accounting blog

How To Do A Cash Flow Forecast

How To Do A Cash Flow Forecast

Businesses are functioning in an environment that is constantly changing and rapidly developing and each one of them are fighting to stay afloat in this competitive corporate world. If truth be told, these dramatic changes can help companies move up the ladder from being a local unit to a large-scale business, but in order to

Read More »

How Can Businesses Claim VAT Return On Motoring Expenses

You have a vehicle and you use it for work, which is why you want to put it under the expenses incurred for your business. Simple, isn’t it? Well, if truth be told, it is not. Travel and specifically vehicle motor expenses are more intricate as compared to your ‘satellite-navigation’ instructions on a terrible day.

Read More »

Vehicle Expenses: What Can Businesses Claim VAT On?

There are many taxes involved in a business and VAT on vehicles is one of them. The reclaiming of VAT on motoring expenses is creating a lot of confusion for both businesses and advisers. As a business person, you can only reclaim VAT on goods and service that are used for commercial purposes. But, you

Read More »

What Is HMRC’s Take On Hiring Self-Employed Workers?

Small businesses, especially start-ups prefer to hire self-employed workers instead of permanent employees. This is mainly because they can save a lot when it comes to taxes and employment rights that only employees are entitled to as per HMRC. Though self-employed workers charge a comparatively higher amount than a regular employee, it could still turn

Read More »

Things To Watch Out For When Hiring Self-Employed Workers

In the present economic conditions, it is quite obvious for businesses to be lured to take on self-employed workers instead of hiring people as employees. Not to mention, the flexibility and benefits that come with self-employed workers are aplenty.  This includes paying them only when they generate acceptable end results, them not being entitled to

Read More »

How To Make The Most of Form P87?

As an employee you are bound to incur work-related expenses at some point, be it for travel or for training. Your employer may or may not reimburse you for this and needless to say, it can be vexing. But, what if we tell you that you can claim tax relief on the costs you’ve borne

Read More »

4 Expenses That Employees Can Claim Tax Relief On

Do you know that the expenses you incur while performing your job responsibilities are tax deductible? If you didn’t well, now you do and we are here to tell you what it actually means. A particular expense can be termed “tax deductible” when it can be deducted from your annual income, so as to cut

Read More »

Why The Flat Rate Scheme Is A Boon To Small Businesses – Part 2

The thought of registering your business for VAT may have crossed your mind even though you haven’t reached the VAT threshold. Chances are ‘this thought’ would have come across as a complete no-brainer, but we are here to tell you that it is not. With the flat rate scheme for VAT, small businesses can now

Read More »

The Flat-Rate VAT Scheme: A Comprehensive Overview – Part 1

Are you having sleepless nights pondering over the new “Flat Rate VAT Scheme” and how it could affect your business? You need not fret about it anymore, as we at Northants Accounting have got your back! Here, we have put up a comprehensive overview about the new VAT scheme, wherein we’ll be explaining what it

Read More »

Paying Yourself From Your Business Funds

If your small business has moved past the initial start-up phase and is now a lucrative venture, then congratulations! As a small business owner myself, I understand how tasking it is to keep your business up and running. For all the efforts that you’ve taken to make your business successful, it is only justified that

Read More »

The Three Things We Believe In

I am Nishi Patel, the founder of Northants Accounting – a business primarily focused on improving profitability of small businesses and staying true to its core values. Once I started out, there was no turning back for me. I take this opportunity to give you an insight about what I do to help my clients

Read More »

How To Make The Most Of Your Christmas Party Allowances?

The festive season is almost here and it’s time for employees to get rewarded for their hard work. Corporate events, such as Christmas parties have quite the reputation because of the amount a company spends on its employees. HMRC has allowed businesses to reward their employees on annual events, such as Christmas parties and that

Read More »

How To Have A Merry Corporate Christmas

Come celebrations and the tax system does do you a few favours. With winter already working its wonder and the much awaited Christmas celebrations around the corner, it’s time to give the annual event a thought from a corporate point of view. After working sweat and blood all year round, your prized employees expect to

Read More »

Why Free Of Cost Will Cost You

There are a number of key problems with giving away freebies. During the initial stages of your business, it can be quite tempting to provide products and services for free. The assumption behind this is that once you get your offering out there, people can use it, hopefully like it, and then come back for

Read More »

Why Businesses “Think” It’s a Good Idea To Present Freebies

Part 1 Ever wondered why businesses think that it’s an exceptional idea to give away freebies? Presenting freebies to customers isn’t any form of charity and a business never does that for a selfless reason. If truth be told, they find it to be a completely win-win situation not only for them, but also for

Read More »

Why Keeping Accurate Figures Can Be The Defining Factor For Your Business?

For any business, the importance of accurate figures cannot be underestimated. The numbers revealed through these figures play an important role in making decisions, planning strategies, determining success, and above all earning profits. Making profits is the key to business success as profitability is a crucial factor for a successful business venture. Profit is the

Read More »

Financial And Non-Financial Objectives That Make A Business Successful

Setting of business goals and objectives is integral to the success of any business. To ensure that your business grows constantly, you will need a concrete plan to move in the direction of long-term success. Every business highly relies on observing the figures that their business makes as an aspect to measure the level of

Read More »

Dealing with Competitors Undercutting Your Prices

In today’s business world, competition is everywhere, even for most unique of companies and in the battle of acquiring more customers, firms will use many strategies to keep their competitors at bay. Increasingly, price is considered as the ‘weapon of choice’. When the competitor undercuts the prices of your firm, it’s a given that you’ll

Read More »

All You Need to Know About Dividend Tax

If you invest in your limited company, there are two ways that you can make money out of it. It can increase in value, meaning you’re able to make a profit out of it by selling it off later. Or as an owner of the limited company, you can add to your total income in

Read More »

Taxes That Businesses Should Know About

There is no doubt about it, taxes give us all a hard time. It is a process that we are more than happy to let others handle for us. Understanding the various types of taxes is hard enough and performing the complicated calculations only makes it worse. Small companies should have knowledge of the following

Read More »
Scroll to Top

Search a topic or subject