Posts by Susan Beattie
Why we shouldn’t focus too much on turnover
Many business owners focus heavily on their turnover number, the money coming in. We enjoy seeing the numbers going up and rightly so. Growth is always worth celebrating. But turnover isn’t the whole story and it’s really important that we focus on the bigger story when looking at the overall health of our businesses. The…
Read MoreDo you know your tax code?
Receiving communication from the HMRC can be scary sometimes, but don’t put off dealing with it. HMRC often need to communicate vital information with you and it’s important that we take the time to read the letter or email and take any action required. Receiving your tax code is no exception. Your tax code determines…
Read MoreShould I pay myself through dividends or a salary?
This is one of our most commonly asked questions by directors of limited companies. And it’s not an easy one to answer. There is no one-size-fits-all solution as the most tax-efficient way to pay yourself depends on a range of factors, including your personal circumstances, business performance and long-term financial goals. Salary A salary is a…
Read More10 reasons why business owners should use an accountant
Running a business has many advantages. It means you can do something you really enjoy and feel passionate about. Working for yourself also offers the freedom and flexibility to run it how you want to and choose the way you work around family and other commitments. It’s an opportunity to create something that’s yours and…
Read MoreThree key trends for accounting
Last week I headed down to Xerocon. It’s a bit like Glastonbury for accountants! The place to be for all the must have industry insights, upcoming trends, new technology innovations, legislation changes and much more. It’s also a great place to talk about the future of accounting, how technology is helping us and more importantly,…
Read MoreExciting news! Cooper Accountancy has expanded
Cooper Accountancy has acquired Pink Pig Financials marking an exciting new chapter for us! The acquisition further strengthens our offering while maintaining the highly personable and dependable service we are well-known for. Clients from Pink Pig Financials now join Cooper Accountancy. Both businesses have very similar values with customer service and expert advisory at the…
Read MoreThe tax reliefs employees are missing out on
Employee tax reliefs are one of the most overlooked ways employees can reclaim money from HMRC, simply because many don’t realise they can claim. Many employees assume that most tax reliefs only apply to those who are self-employed or business owners, but there are a number of work-related expenses that employees can claim for which…
Read MoreWhy Making Tax Digital will make running a business easier
In 2019, HMRC made it mandatory for businesses that were VAT registered to make tax digital. More recently, this requirement has been extended for sole traders and landlords with an income of over £50,000 with further rollouts expected in the coming years. Making Tax Digital means businesses are required to keep digital financial records and…
Read MoreStep by step guide to mastering your financial responsibilities from the start of your business
Starting a new business is an exciting milestone and the start of something new. In the beginning it’s easy to focus on the more enjoyable and creative aspects such as designing your workspace, branding, marketing and product development. With this excitement comes responsibility. From the moment your business is officially registered, you are accountable for…
Read MoreKnowing your business and personal tax allowances – our handy guide
When it comes to tax, no one wants to leave money on the table. But with so many nuances and things to consider, it can be difficult to know that we’re making the most of the right business and personal tax allowances available to us. To make life just a little bit easier, we’ve provided…
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