Tax Support

Why using accounting software in the UK can help a Self-Employed

Being an entrepreneur is difficult, but this has not stopped people. Over the years, the number of self-employed has risen significantly. There are more than 5 million self-employed in the UK, up from 3.2 million in 2000. People often like to be their own boss, to control their lives, and to have freedom. However, being an entrepreneur …

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9 reasons why accounting is it vital for a business.

Accounting is the process of recording the financial transactions of a business. The process includes summarizing, analysing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. It is one of the key functions of almost any business. The reports generated by various streams, such as cost and managerial accounting, are invaluable in …

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What is the difference between Working Capital and Liquidity?

Working capital and liquidity are two key terms from a business perspective and are related to each other. A company’s working capital measures the liquidity and the overall health of the company to meet its short term obligations.  Cash is the lifeblood of business that is needed for the day to day operations. Effective management or …

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