Crossley & Davis
Accountants & Business Advisors
Category: Bookkeeping & Accounts
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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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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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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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As summer winds down, many business owners turn their attention to the final quarter of the year – Q4. It’s a crucial period for hitting targets, tidying finances, and making smart tax decisions before the year ends. With a little forward planning, you can close out the year with confidence and get a head start…
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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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As we approach the end of another tax year (5 April), it’s the perfect moment for business owners to take a step back and review their finances. Whether you’re a sole trader, limited company, or somewhere in between, a little proactive planning now can make a big difference later. Here’s why reviewing your numbers before…
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When you’re self-employed, you’re used to doing everything yourself—from marketing to customer service and everything in between. But when it comes to managing your business finances, is hiring an accountant for your self-employed business a smart investment or an unnecessary expense? The truth is, whether you’re just starting out or have been self-employed for years,…
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The start of a new year is the perfect time to reflect on what’s working for your business – and what isn’t. One area that often gets overlooked is your accounting support. If you’ve been questioning whether it’s time to switch accountants, you’re not alone. Your accountant plays a crucial role in your financial success,…
