Whatever your business, it’s likely that COVID-19 will be impacting you.  You may be dealing with stock shortages, exporting issues, disrupted travel plans or a sales downturn due to tourist drop off.  The key now is to plan ahead for this disruption. Here is a summary of...

We all want to save time, money and stress! And at Abacus, this is something we belive in passionately.Our clients enjoy having more money and time to spend on important things outside of their business, along with less stress. Is your business stifling your freedom? Being...

As the director in a limited company, dividend payments are the usual way for you to take money out of the company – and see a financial return on your investment into the company. Dividend payments made to the company’s shareholders when the business has made...

What exactly is a forecast? Well, for centuries, accounting was all about reviewing historic information – but that only told you about the past, not what was going to happen in the future. If you’re only looking back at past periods and historic numbers, that limits...

With the tax rules and regulations changing on a regular basis, it may be advisable to seek advice from an accountant to check you are paying the correct amount of tax; as either an individual or as a company. This can avoid any potential nasty...

Reasons To Be Self Employed So you’re thinking about becoming self-employed? What should you do? Well, first things first you need to contact HMRC. You should tell them that you want to register as self-employed and also the date you started your business. You then need...

So you're thinking about a limited company, but you need to know when to incorporate. You also need to know the pros and cons of doing this. Generally a “Limited” company will end up paying less tax than a Self Employed person – depending on how...

Cloud accounting systems are slowly but surely becoming the preferred method of choice in many areas of business. There is an array of advantages around using cloud accounting systems; here we explore some of these so that you are prepared for your next step into...