Short-term cash flow can be catastrophic for some business owners if not handled correctly. It can contribute to even the most profitable business finding itself in big trouble and unable to fulfil its financial commitments. Some businesses use online accounting tools such as FreeAgent and Xero to help manage their cash flow by using their […]
If you are a start-up or small business owner, you might not have the budget to hire an in-house Finance Director and probably miss out on all the benefits they bring. Yet if you are launching a new start-up business or SME, you need this expertise to help you grow and stay profitable. This is […]
If you run a small business here in the UK, you could be eligible to apply an allowance to your National Insurance liabilities by up to £5,000 using the Employment Allowance. But what exactly is the employment allowance, and who is eligible? This blog post will outline everything you need to know about the employment […]
Running your own business is the dream of many here in the UK, and making a move to be your own boss can be as exciting as it is rewarding. However, it is reported that 20% of business start-ups fail within the first year, and 60% fail within the first five years! This happens for […]
Management Accounting provides an invaluable insight into the current financial state of your business, how it is performing, where it might be struggling, and even where new business opportunities could be explored.
If you are considering buying a property to rent out or are already a landlord and looking for tax advice, then RJF Accounting is here to help! This guide will delve into what taxes you are required to pay as a landlord and what allowances are available for you to use to reduce your tax […]
With the cost of living crisis increasing and inflation driving bills up by the day, RJF Accounting has seen an increase in businesses seeking ways to help their employees without adding to the company’s or the employee’s tax burden. In this blog, we will explore the most tax-efficient methods you can use to reward or […]
The profits generated by limited companies can be allocated to shareholders as dividends, which can be a tax-efficient way to pay directors alongside their salary.
Keeping track of everything that is and is not allowed to be claimed as an expense when running a limited company can be hard work. With so many HMRC rules, it is easy to get confused. Thankfully RJF Accounting has your back! Below you will find the most common expenses that limited companies did not […]
If you are a newly formed limited company or just starting out being self-employed, there are lots of “jargon” or accounting terms that you will come across and will need to know. UTR number is one term that all sole traders, company directors, and limited companies need to know. What is a UTR Number? […]
The UK has some very complex tax rules, and getting your head around it can be a nightmare! Knowing what taxes need to be paid and what allowances are in place can be tricky. Thankfully here at RJF accounting, we have you covered! This blog post will dig into UK tax codes, what they all […]
VAT can be a confusing topic, not helped by the vast amount of misinformation out there! This is more prevalent for sole traders where a lot of the information out there is confusing or mixed up with limited companies etc. With this blog, we hope to put the record straight and let you know what […]