Doing your accounts will probably never become your favourite task. But accounting software may make you less prone to wanting to pull your hair out.
Accounting Guides
If you are working via your own limited company, you need to keep on top of your accounting duties.
A good accountant will look after your company's affairs, however you (as a director) are utimately responsible for the accuracy of your company accounts.
Browse our accountancy guides to find out what your duties are, and what an accountant can do for you.
How to judge if your contractor accountant is doing a good job or not
A good contractor accountant doesn’t just help you avoid problems with HMRC and Companies House; they also help you to run your business efficiently, make sound financial decisions, and keep more of your contract earnings.
‘Catch up fees’ when you join a new accountant
If you decide to move to a new accountant, what happens to any accounting paperwork which is yet to be finalised? How much will it cost in catch up fees?
How to account for bad debts as a limited company
A guide to writing off unpaid invoices in a limited company, including bad debt provisions, Corporation Tax relief, VAT recovery and accounting treatment.
MTD for ITSA: are limited company contractors affected?
Most contractors are outside MTD for ITSA. We explain who is affected, and when landlords or side businesses could still fall within scope.
Can you amend your company accounts after you’ve submitted them?
It’s not unusual to spot mistakes after filing your accounts. Anything from something minor to forgetting to include income or expenses before your accounts were prepared.
How to reduce your accountancy costs as a contractor
With costs rising across the board, it makes sense to review your business spending. Accountancy fees are costs that most company directors can’t avoid.
Small company accounts explained: FRS 105 vs FRS 102
We explain the format for filing accounts with Companies House each year – specifically the FRS105 and FRS102 frameworks, which apply to small companies.
Do I need to hire an accountant for my limited company?
There is no legal obligation to hire an accountant if you’re setting up a limited company. However, there are some very good reasons to do so.
When is the best time to change your limited company accountant?
When is the best time to change your accountant? How company year-end, Self Assessment deadlines and service issues affect the timing of your switch.