Crossley & Davis
Accountants & Business Advisors
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Running a small business comes with plenty of challenges, and dealing with HMRC is usually high on the list. Most business owners aren’t doing anything wrong; they’re simply busy, stretched, or working with outdated systems that make mistakes more likely. Add in tighter government budgets and increased HMRC scrutiny, and the margin for error is…
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Cloud accounting has made life so much easier for small business owners. No more piles of receipts, no waiting to get back to the office to check your figures – you can see everything at a glance, from anywhere. But there’s one question we still hear all the time: “Is it actually safe to put…
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Running a small business can be tricky at the best of times — but when accounting errors creep in, they can come back to haunt you long after the books are closed. 👻 Here are some of the most common financial frights we see — and how to keep them from turning into a nightmare.…
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How Management Accounts Help Your Business Grow Running a business isn’t just about keeping on top of the numbers – it’s about understanding what those numbers mean and using them to make better decisions. That’s where management accounts come in. Unlike statutory accounts, which are prepared once a year for HMRC and Companies House, management…
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Running a business means wearing many hats – from sales and marketing to customer service and compliance. But one area that often causes the most headaches is payroll. Paying your employees accurately and on time is non-negotiable, but the process can be complicated, time-consuming, and stressful – especially with changing HMRC rules, pensions, and tax…
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When running a business, bookkeeping is often seen as a chore – something you “have to do” for HMRC. But in reality, good bookkeeping is the backbone of a successful business. Done properly, it can save you stress, money, and even help you make better business decisions. 1. Good bookkeeping = better decisions When your…
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Running a small business comes with many responsibilities – from managing cash flow to meeting tax deadlines. One area that can catch people out is HMRC penalties. These fines can add up quickly if you miss deadlines, make mistakes on returns, or fail to pay what’s due. Understanding how penalties work (and how to avoid…
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Spreadsheets are one of the most common tools used by small businesses to keep track of finances, customers, and day-to-day operations. They’re flexible, low-cost, and most business owners are familiar with them. But there comes a point where spreadsheets start holding your business back rather than helping it. The Limitations of Spreadsheets While spreadsheets are…
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One of the most common areas of confusion we see with business owners is the difference between dividends and a Directors’ Loan Account (DLA). While both can involve money moving between the company and its directors, they are not the same thing and mixing them up can lead to unexpected tax bills and HMRC scrutiny.…
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HMRC has announced an important change to the way mileage rates work for fully electric company cars. From 1 September 2025, the current single advisory rate of 7p per mile will be abolished and replaced with two new rates, reflecting the different costs of charging at home compared to using public chargers. What’s changing? The…