When you set up a limited company to contract through, you become a company director. For many contractors, that happens by filling in an online form, or your accountant sets the company up for you, and you start invoicing. Nobody sits you down and explains what you have just taken on. This guide is for…
Read articleIt probably won’t surprise you to learn that expenses are a popular topic for limited company contractors. When your limited company spends money on something for the business, that cost reduces your company’s profit. Less profit means less Corporation Tax. That’s why claiming legitimate expenses is one of the most straightforward ways to keep more…
Read articleCash flow is the lifeblood of any business, and tracking it is important for survival and growth. While profits may look good on paper, the actual movement of money in and out of your business determines your ability to pay bills, invest in opportunities, and weather any unexpected storms. Over half of small business failures…
Read articleMaking Tax Digital-compliant small business bookkeeping Making Tax Digital (MTD) represents one of the most significant changes to the UK tax system in recent years, and small business owners need to update their bookkeeping practices to remain compliant. At Growth Through Knowledge, I’m here to guide you through this transition with my professional small business…
Read articleEasy-to-use accounting software FreeAgent is completely web-based, so there’s nothing to download, update, or install on your computer, and you can access it from anywhere you have an internet connection. Your data is safely backed-up, and FreeAgent uses the same level of encryption to talk to your computer as banks use, they even store your…
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