If you’ve heard the phrase ‘director’s loan’ but are not sure exactly what it means, we’ll take a quick look. Director’s loans are actually very common and can be useful when you’re running a business
Category
Start-up
In business? Here’s how to automate everyday accounting tasks
If you’re in business you probably already have a thousand-and-one things to think about even before you get to all those financial tasks like invoicing, reconciling payments, managing cash-flow, following up unpaid invoices, etc. So, wouldn’t it be nice if you could automatically automate a lot of these and access everything from your phone, tablet … Continue Reading
How to start your own business from scratch & how to do it properly
You’re either working on your own dream or your working on someone else’s If you’re currently starting your own business or even just considering it. You have a great opportunity to do it properly and build a solid foundation which will pay dividends in the future. Even more importantly, it’s a great opportunity to avoid … Continue Reading
A quick guide to year end accounts
A quick guide to year end accounts We understand how daunting year end accounts can be, so take a breath, make some tea and use our quick guide to help you understand what is required. If this is your first time dealing with year end accounts or you’re unsure of what to do, at Millhouses … Continue Reading
Bookkeeping services – Advantages
Running a business can be time-consuming, stressful and even overwhelming at times. We understand how easy it is to lose track of managing, monitoring and keeping a thorough record of transactions and finances on top of everything else. However, it is a legal obligation to keep these records. Not doing so adequately can result in … Continue Reading
Stressed about VAT? Here are some tips
Stressed about VAT? VAT can be an incredibly stressful and complicated process. Due to the seemingly endless and sometimes confusing rules. It can be overwhelming and difficult to know whether you are correctly handling your VAT. Or if your business is overpaying or underpaying. If after reading this article you decide an accountant can help … Continue Reading
Making Tax Digital (MTD) – part 2
In 2019, HMRC made tax digital meaning people can track their business and professional transactions automatically. This system will help to make tax filing more accurate, efficient and transparent. With big changes happening to the way tax is being processed. Businesses may benefit from working with a Making Tax Digital expert such as our Sheffield based … Continue Reading
Making Tax Digital (MTD) – part 1
From April 2019 the first phase of making tax digital (MTD) came into force for Vat. This means that all vat registered businesses with a turnover of more than £85,000. (The current vat threshold) will have to keep digital vat records and will have to submit Vat returns using compatible software such as Sage or … Continue Reading
4 essential considerations for hiring the right bookkeeper
It’s important you hire the right bookkeeper. If you hire the right bookkeeper they can be an asset to your business. The right bookkeeper is one who is experienced and fits well with the specific needs of your business. You may be asking yourself, “Do I really need a bookkeeper?” but the chances are your … Continue Reading
Creating firm foundations for start-ups
Annually in the UK, more than 500,000 people start their own business. It has become vitally important for all start-ups to be as competitive as possible, in order to survive. However, besides ensuring that you are delivering the best product or service possible to your clients. There are many responsibilities that new businesses need to … Continue Reading
