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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......

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?......

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......

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......

Most of us aim for work-life balance, but it can be a tricky thing to do when everything gets busy. Here are a few tips that might help at any time of year: Take holidays – Holidays are great for allowing you to reset your thinking......

If you haven’t yet heard about the government’s new Making Tax Digital (MTD) scheme, and you own or run a business in the UK, it’s about time you got your head around the new legislation (and how it’s going to change your tax practices moving......

In case you’ve noticed something different about us – we have a brand new website! We’re pleased to unveil our brand new website, which has been designed and developed by local designer Hannah Howat, and written and optimised for search by content development firm Indy......

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......

Starting a new business can be a very stressful time, but it is important to make sure you have measures in place to ensure you do not trip at the first hurdle. Businesses are most vulnerable to failure during the early years of trading, with......

So what’s all the fuss about business networking? Here at Abacus, we pride ourselves in keeping in contact with our current clients, but also in developing relationships with new potential clients. Networking events are a great way to meet new people face to face and,......

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......

Why do businesses go bust? Businesses run into problems for all sorts of reason but most of them are avoidable. Here are some of the most common problems we come across. Failure to understand your market and customers Think about who your customers are and......

Some business owners don’t consider business insurance as being essential and feel it’s an expense they would just rather avoid. However, even with the financial considerations, this should definitely be a incorporated into your budget. Accidents unfortunately do happen, no matter how hard we try......

We all want to be a successful entrepreneur, but how on Earth do you go about growing your business? When starting your business, you are always going to invest a lot of time, money and effort into getting your business off the ground and up......

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......

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......