How to deal with Burnout
Burnout is becoming increasingly common as work demands continue to increase, technologies always keep us connected, and economic uncertainties impact fields of work across society. By definition, burnout is a state of emotional, mental, and physical exhaustion caused by prolonged high stress levels. It’s the result of neglecting your mental health and well-being for too […]
Autumn Statement 2023
Chancellor Jeremy Hunt’s Autumn Statement presented a significant shift in fiscal policy, marked by a 2% cut to national insurance and the permanent extension of the full expensing capital allowance scheme. The focus was on tax cuts to stimulate economic growth in the face of an upcoming election. Here is a summary of the changes: […]
Guide to Business Accounting
What is Business Accounting? Business accounting is the process of recording, summarising, analysing, and reporting all financial transactions related to your company. It involves tracking revenues, expenses, assets, liabilities, and equity on an ongoing basis. Unlike personal accounting which focuses on individuals and households, business accounting provides insights into the monetary health and performance of […]
How to Become an Accountant: A Step-by-Step Guide
Have you ever considered a career as an accountant? Accounting is a stable and lucrative field in high demand across countless industries. With strong job prospects and excellent earning potential, becoming a professional accountant is a worthwhile investment in your future. This comprehensive guide will walk you through the step-by-step process of qualifying as an […]
Making Tax Digital
If you run a business in the UK, you’ve probably heard about HMRC’s Making Tax Digital (MTD) initiative by now. But what exactly does it mean and how will it impact your business? Here’s the rundown on Making Tax Digital. What is Making Tax Digital? In a nutshell, MTD aims to modernise and digitise the […]
How to Reduce Financial Stress
With the colder months approaching, so are the increased heating bills. Along with the cost-of-living crisis still being in full swing, many people are feeling the stress. In this guide we will explain how you can reduce financial stress so you can put your energy towards something more important. Recognising Signs of Financial Stress Facing […]
What is Accounts Payable?
The money a company owes to its creditors, suppliers, and vendors for goods and services received is referred to as accounts payable. In plainer terms, it stands for the unpaid debts and commitments that a business must pay. This covers everything from the purchasing of products to paying for utilities and even business loans. Example […]
What Tax Deductions can I receive when Working from Home in 2023?
With an increasing number of individuals embracing remote work, the question of tax deductions has gained renewed relevance. The fusion of home and office spaces has spurred inquiries about the potential financial benefits of working from home. In this context, it becomes important to understand the tax deductions that individuals can leverage while working from […]
10 ways to manage your family finances
10 ways to manage your Family Finances When you have a family, it is important to take responsibility of your finances. Managing family finances involves careful planning, budgeting, and communication among family members. Here are some steps to help you effectively manage your family’s finances: 1. Create a Budget The foundation of successful financial management […]
How much can you earn before paying tax?
How much can you earn before paying tax? There are a few things that determine how much you can earn before paying each tax year. How much can you earn before paying tax? The current amount of income you don’t have to pay tax on is the Personal Allowance of £12,570. If you claim Marriage […]
