Accounting & finances

Expenses if you’re Self Employed

A short video explaining where to declare your expenses on your tax return, and covers what are allowable expenses.

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An introduction to cash flow forecasting

Cash flow is the lifeblood of early stage and high-growth companies. This article provides a really good primer on how to forecast effectively

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The best free accounting software 2017

TechRadar's suggestions of the best free accounting software 2017

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Personal survival budget

A personal survival budget.

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HMRC VAT (Next stage – charging, reclaiming…)

Resources specifically related to VAT for your startup. Covering charging VAT, reclaiming, recording and much more

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HMRC VAT (Early stage, when to register…)

Resources specifically related to VAT for your startup. Covers when to register, rates of VAT and much more.

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Addo Accounting

Local Accountancy firm offering support packages to startups.

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Mazuma Money

Providing accountancy support for startups and small businesses.

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Our Advice

When planning a business you’ll want to be sure that earnings are higher than outgoings. Earnings are also referred to as revenue, turnover or income and this should be a greater figure than outgoings, overheads or costs.

Hiring an accountant can be expensive (normally upwards of £60 per hour). When starting out it can be a good idea to do your own accounts and this can also be a great learning curve. Once you’ve learnt the basics you can still continue to do them yourself but we would advise that you have them looked over by someone who is trained before submitting them to HM Revenue & Customs.