Why so many SMEs are switching to Cloud Accounting
In this day and age, every business relies on some kind of technology to help with productivity. For example, we use a computer instead of a typewriter, we have a broadband connection as opposed to a dial-up. In this field of accounting, more and more SMEs are starting to move into cloud-based accounting systems like Xero. At Tax Agility, we have been using cloud accounting for some time now, and…
Making accounting & finance better for Restaurant Owners
You have made the important first step to own and run a restaurant. You have the passion and the motivation to see you through the long and challenging hours in a hot kitchen. However, when it gets very hectic, which is ‘par for the course’ in a busy restaurant, there’s a real possibility that your restaurant’s finances will drop down the pecking order in terms of priorities. This can be…
Tools for SME Accounting and Assessing Business Performance
Here at Tax Agility we’re the first to recognise that, despite the fact that keeping in regular contact with your accountant is the key to ensuring your small or medium-sized business (SME) remains in good shape, it’s still helpful to have access to certain accountancy and business assessment tools that you can take advantage of between meetings and phone calls with your accountant.
For this…
Understanding Accounting Periods for Corporation Tax
Understanding your accounting period in terms of the Corporation Tax your company has to pay is essential in ensuring you pay on time, every time.
Everything we’re going to touch upon below can be accomplished by your accountant, though in several instances they’ll need input from you in order to make sure all dates and monetary figures line up. If you’ve yet to hire an accountant, or you wish…
TaxAgility launch New Accounting App
A great new App free from TaxAgility accountants in London
TaxAgility is one of the first accountancy firms in London to launch a free mobile Accounting App. As a business we are always looking for ways to improve the service we offer our clients and we are delighted to announce the launch of our new TaxAgility Accounting App.
It’s completely free of charge to download and it is available for…
Establishing Your Overseas Business in the UK: A Comprehensive Guide
The United Kingdom has long been a beacon for international businesses seeking to expand their horizons. With its thriving economy, diverse market sectors, and business-friendly environment, the UK offers a wealth of opportunities for overseas companies.
In this comprehensive guide, we’ll delve into the essential aspects of setting up your business in the UK, providing you with the…
7 Signs It’s Time to Outsource Your Financial Operations
Navigating the complexities of financial management is a pivotal challenge for growing businesses. Recognising when to leverage external expertise can transform potential obstacles into opportunities for success.
As small businesses scale, the intricate demands of financial operations—from bookkeeping to strategic planning—can become overwhelming. This is where the strategic decision…
“Do You Know – Tax? Unveiling the Hidden Layers of Corporate Taxation”
Understanding Tax: A look at some of the key aspects of tax affecting your businessWelcome to our ‘Do You Know’ Tax Series, particularly curated for small business owners in the thriving communities of Richmond and Putney, London. As a local accounting practice dedicated to serving the unique needs of small businesses, we recognize the challenges you face in navigating the often…
Navigating the AI Revolution – 2
How AI is Impacting Small BusinessesIn the realm of small businesses, AI’s impact is both profound and multifaceted. Far from being a luxury, it has become a necessity for those seeking to streamline operations and stay competitive. Let’s explore how AI is making a difference in various business areas.
Firstly, AI excels in automating routine tasks. For instance, AI-powered software…
Understanding the UK Autumn Statement 2023
Key Implications for Small Businesses and Individuals
In this update, we aim to provide a comprehensive analysis of the UK Government’s Autumn Statement 2023, with a focus on its implications for small businesses and individuals.
The Statement introduces several significant changes that are poised to affect various aspects of taxation, National Insurance, and benefits. Our goal is to offer…