Piece of Cake Accounting

Category Archives: Best practice

What is it and do I need to worry about it? In this blog, I explore what Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) means and what you need to consider in preparation for the deadline.

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Don’t let bookkeeping become an overwhelming task. Here are 5 top tips to keep it manageable and valuable.

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I understand that as a small business outsourcing anything can feel difficult, especially when costs are tight and money isn’t free flowing. There are some key areas to consider when deciding if doing your own bookkeeping is right for your business.

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We live in a “subscription world”. However this ‘convenience’ can also mean it’s easy for a business to waste money on unnecessary subscriptions or by regularly paying a small amount for something you don’t need.

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It seems counterintuitive, but cashflow is something that can really catch out a business. How can a business which on paper should be in profit suddenly struggle…or even go bankrupt? The answer is usually cashflow!

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Just like human beings, our businesses are complex creatures and a thorough health check is not a simple task. Explore the areas that can help you assess your business’ health.

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If you have a product-based business and certainly one with consumables, then doing a regular stock take and keeping a good account of your wastage is very important.

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