Profitability: What it really means
As small business owners we measure the success of our business is many ways. Through feedback, client retainment, goal achievements and financially. One way of measuring a business’ success is to measure its profitability. Profitability measures the ability of a business to generate more total revenue than total expenses. This information can be used alongside […]
How to become financially free
Starting a business is one of the most exciting endeavours a person can undertake. For many small business owners, becoming financially free is the driving force behind their decision to make the leap into entrepreneurship. Many business owners find that the reality of running a small business comes with many challenges, especially when it comes […]
How to get your business financially ready for growth?
When you are on the cusp of growing your small business, it is important to consider the financial implications and current financial position of your business. Here are our top 5 tips on how to get your business financially ready for your next steps: Get your business plan ready. A business plan shows you where […]
Is your business ready to grow?
The idea of growing your business is exciting! Growth of your business means increasing the number of products or services, customers/clients or sales of your company. Alternatively, it could mean a move to a larger office or shop. By growing your business you are allowing your company to have a larger client base, therefore leading […]
How to get your finances in order
It’s now June and the perfect time for ensuring all of your finances from the past financial year are in order and ready for your tax return. Often people leave submitting their tax return until as close to the January deadline as possible, but remember this is your deadline for paying your tax bill. If […]
Common Bookkeeping mistakes
Every tax season we come across a range of bookkeeping techniques; from the organised professional to just downright mess! It’s really important to have your accounts in order; not only to make it easier for you to keep an eye on what you do, but also to make the accounting process simpler and cheaper! So […]
Our top tips for maintaining a healthy cash flow
One of the key services we offer at Surrey Accountancy Limited is to educate our clients in understanding how essential a healthy cash flow is to a business. Often the importance of cash flow and its impact on a company’s sustainability is not properly understood small businesses. In order to help you establish a healthy […]
The importance of cashflow
Often the importance of cash flow and its impact on a company’s sustainability and success is ignored or not understood by small businesses. One of the most important part of what we do at Surrey Accountancy is to ensure our clients are educated on the importance of cash flow and how to maintain it. As […]
Self assessment & tax return- Need to knows
Who needs to file a Self Assessment tax return? If income isn’t taxed automatically, after it’s paid to you, you must file a return. Most taxpayers pay their taxes through the employee PAYE scheme, but if you’re a sole trader or a company director, completing a Self Assessment is required to help find out how […]
In the construction industry? Find out about the CIS Reverse VAT Charge.
The UK Government have introduced changes to existing VAT rules in order to tackle the increase in fraud. The changes are set to impact the cash flow of over 100,000 UK businesses in the construction sector. Many businesses covered by the Construction Industry Scheme (CIS) now have to ensure they know about the new domestic […]
