Crossley & Davis
Accountants & Business Advisors
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Keeping accurate financial records is essential for running a successful business. Yet even the most organised business owners can make bookkeeping errors that lead to lost profits, unnecessary tax bills, and cash flow problems. Here are three common bookkeeping errors, and how to avoid them. 1. Mixing Business and Personal Finances The problem:Using the same…
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EVERYTHING LANDLORDS AND SOLE TRADERS NEED TO KNOW TO STAY AHEAD The government’s Making Tax Digital (MTD) initiative is transforming how UK taxpayers manage and report their finances. With major changes due in April 2026, it’s crucial to understand how the rules are evolving – especially if you’re a sole trader or landlord. In this…
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If your business turnover has just nudged over the VAT registration threshold and you’re wondering if you’re too late, don’t panic (yet). But do act fast. Missing your VAT registration deadline can cost you money, time, and a good amount of stress. Here’s what happens, what HMRC expects, and how to fix it if you’re…
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Starting a new business is exciting, but it also comes with a long list of responsibilities. One of the best moves you can make early on is bringing an accountant on board. But what exactly does an accountant do when you first start a company? In this blog post, we’ll walk through the key ways…
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Thinking of starting a limited company in 2025? With new Companies House rules around identity verification, it’s more important than ever to get things right from day one. Here’s a simple, step-by-step guide to forming a UK limited company the compliant way. Step 1: Choose Your Company Structure For most small business owners, a private…
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Mandatory identity verification is coming to Companies House in 2025. Here’s everything UK businesses must know and how to prepare. What is Companies House Identity Verification? From 2025, Companies House will require all: to verify their identities digitally. This change, part of the Economic Crime and Corporate Transparent Act, aims to reduce fraud and increase…
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Running a limited company comes with a range of tax benefits – but it’s crucial to know which business expenses you can legitimately claim. Claiming the wrong expenses can lead to HMRC penalties, while missing allowable ones means paying more tax than necessary. In this guide, we explain what expenses are allowable for UK limited…
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The Economic Crime and Corporate Transparency Act 2023 (ECCTA) brings the biggest overhaul of Companies House processes in decades. The goal? To crack down on fraud, increase corporate transparency, and make UK company data more reliable. These changes affect directors, People with Significant Control (PSCs), corporate secretaries, and filing agents. Many of them are already…
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Understanding when to register for VAT (Value Added Tax) can significantly impact your business finances. With the latest thresholds and regulations in place for 2025, businesses must be vigilant about their obligations. In this blog post, we’ll explore when you should register for VAT, the latest thresholds, and key considerations for your business. Current VAT…
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Filing your Self-Assessment tax return can be stressful, especially if you’re self-employed or running your own business. Mistakes are easily made but can lead to penalties, unnecessary costs, and headaches. Here’s our guide to the seven most common Self-Assessment mistakes – and how to avoid them! 1. Waiting Until the Last Minute Procrastination leads to…