Paul Cooper

Tips to avoid cash flow crisis

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A new digital VAT registration tool has been launched by HMRC that can be used to help businesses work out the effects of registering for VAT. #VAT #VATRegistration

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Adding client details in Xero is straightforward: 1. Access the ‘Contacts’ menu. 2. Choose ‘Add Contact’. 3. Enter the necessary details. Proper client management is crucial for your business success. Unsure where to start? Contact us: [email protected] #QuickBooks #Invoicing #SmallBizTips #Xero #BusinessFinance #Invoicing #FreeAgent #Efficiency #SmallBusiness #SoftwareSaturday #AccountingSoftwareTips #QuickBooksTips #XeroAdvice #SmallBusinessAccounting #HullAccountants

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🚀Product Update: I'm excited to share another enhancement to Capium! 🚀 You can now make test Corporation Tax submissions directly within Capium before filing with HMRC. 💡 Ever wished you could double-checked that your Corporation Tax submission would be accepted by HMRC, before you sent it for client approval? We’ve got you covered! This new feature ensures the accuracy of your submissions, allowing you to gather client approval once and avoid unnecessary back-and-forth – ultimately saving you time and making the process smoother. A special thank you to Marcus Gooch from KimberWilliam.co.uk for suggesting this feature! We truly value customer feedback as helps to drive continuous improvement in our product. Learn more about this feature: https://lnkd.in/eRsyUKBT At Capium we're committed to constantly enhancing your user experience. There's another exciting update, that will be ready just in time for Self-Assessment season. Watch this space! #accountingsoftware #taxsolutions #Capiumupdates #customerfeedback #cloudacccounting #CorporationTax

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Considering switching to the Annual VAT Accounting Scheme? This scheme could simplify your VAT payments and ease cash flow management for your business. In our latest blog post, we explore how the Annual VAT Scheme works, its potential benefits, and whether it could be a better fit for your business compared to the traditional VAT filing process. Find out if it's right for you and streamline your VAT responsibilities. Read more here: https://lnkd.in/eaCXy7aG #vat #annualaccounting

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Who Our Tax Planning Tips Are For (and Who They’re Not For) Are you a small owner-managed business in the UK looking to optimise your tax planning? Our latest blog post is tailored specifically for YOU! **Who This Is For:** ✅ Small business owners managing their own finances ✅ Entrepreneurs operating from home ✅ Business owners seeking to maximise tax deductions and reduce liabilities ✅ Those who want to better understand mileage claims, capital allowances, and more **Who This Is NOT For:** ❌ Large corporations with dedicated finance departments ❌ Businesses with complex international tax structures ❌ Owners who do not manage their day-to-day finances Our comprehensive blog covers everything from home office deductions to capital allowances, ensuring you’re making the most of your tax benefits. Don’t miss out on valuable tips to keep more of your hard-earned money! 👉 Read more:https://lnkd.in/ekWCaCF6 #TaxPlanning #SmallBusiness #MicroBusiness #UKBusiness #FinancialTips"

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It’s all about the cashflow Struggling with cash flow due to outgoing payments like VAT and Corporation Tax? This article provides a solution: spreading the cost over 3, 6, or 12 months to keep your business cash flow healthy. Learn how VAT Funding, Corporation Tax Funding, and Self Assessment Tax Funding can provide additional headroom and support your growth plans. Key Learning Points: - Cash Flow Management: Understand the importance of managing outgoing payments to maintain a healthy cash flow. - Tax Funding Solutions: Explore options like VAT Funding, Corporation Tax Funding, and Self Assessment Tax Funding to spread the cost over manageable periods. - Ease Financial Pressure: Benefit from quick, simple arrangements with competitive rates, unsecured options, and fixed monthly repayments. - Retain Working Capital: Keep money in your business to support growth initiatives and ongoing projects. - Boost Profits: Spreading the cost allows you to utilise funds strategically, potentially offsetting the funding cost and driving profitability. #CashFlowManagement #BusinessFinance #TaxFunding

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WoodWhite Accountants is one of few UK accountancy practices with a license to provide probate services. Our probate services are carried out by Xeinadin Probate Services Limited of which Emma Newnham, our CEO and Head of Legal Services, is a board director. We can offer a comprehensive, non-contentious, service without any need to involve a third party, simplifying the whole process for you as a result. What do we mean by "non-contentious"? A contentious probate means that there is a dispute about how a person's estate (money, property or other possessions) is passed on to other people after they die. This could happen if the person who died did not have a will in place or if someone is contesting a will. At the start of the process, a probate may be non-contentious. If contentious probate arises, that does not mean we cannot help you with the probate. We will bring in a solicitor to deal with the contentious issue and once resolved we can continue with the process. We do not know at the start if a probate will turn contentious but we do have a solution for if it does. #Accountant #Probate #Tax

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What’s happening with Making Tax Digital (MTD)? If you’re not set up for MTD for VAT, come and talk to us about complying with the need for digital records and quarterly returns. #tax #accounting #businesstips

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Making Tax Digital: Practical Steps for Essex Business Owners: https://lttr.ai/ASQrZ #essexaccountant #MakingTaxDigital #EssexBusinessOwners

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Yesterday saw the first #team brief at Northern Accountants Ltd. We talked about our achievements from the previous year, including the #financials We talk about our plans and objectives for the year, including the financials, with full disclosure. We do this so the whole team is fully aware of where we are going and what the results of our success will be. The main objective is to make money - yes I said it, that's a major part of our why, but it is the how that is important. We will do this by forging deeper #relationships between our team and our #clients. Our #directors have powerful working and personal relationships with our clients but our team doesn't, it is time to change that for the good of all. So our how and what this year is to make sure our team have the time and skills to forge these invaluable relationships with our clients. Our contact with clients will become more intentional and personal, and not just nice and transactional. We have a talented team with heaps of potential and it is time to realise that potential. We will do that using GLOSS Reviews, a concept developed by the brilliant James Ashford. GLOSS Reviews are at the heart of the relationships our Directors, Ricky Field, Graeme Morrison 🏗👷🧙‍♂️, Mark Alderson Colin Dolby and myself have with clients. #2025 is the year we make it at the heart of all our team's relationships with our clients. I am excited to see this unfold in the coming months. 2025 is going to be a great year. #accountants #leeds #hull #remote

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We NEVER have that January self-assessment tax return rush with our clients. Our clients returns are submitted months in advance - and are all done. We ensure we have all of the necessary information available to us early. We're on top of it. We’re proactive accountants & Finance Directors. We don’t want that stress, our team doesn’t and our clients don’t. If you’re fed up with the last minute rush, being asked for details days before the deadline, then DM us. We take that anxiety away from you. #selfassesment #taxreturn #accountancy #financialmanagement

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It no longer makes sense to hire internally in the UK. It comes as no surprise that fractional outsourced departments such as what we offer at Innovate Accountancy are becoming more and more of a number 1 choice. Look at it this way. With the new National Minimum Wage increasing to £24,126 PLUS associated costs of pensions/ ER NI etc it really does stand to put pressure on SME's. Let's put this into perspective. One full time Accounts assistant costs £29 723 per year plus associated costs. For the SAME monthly cost to employer (Average £3500pcm) with outsourcing you can have access to a TEAM. - Bookkeeper/ Payroll Tech - Tax accountant - Management Accountant - VAT specialist - CIS Specialist - Fractional FD No holiday or sickness cover required. No micromanagement. Fixed retainers - not driven by budget increases. 50 weeks of the year. Join the new wave of business exploring innovative ways to mitigate new cost increases. When you have a plan - you can overcome any obstacles thrown at you. I have spaces left to discuss how outsourcing to our UK based team could work for your business. Book below. ----- 👋 Hi, Im Zoe Goodchild and I am here to support construction and manufacturing business owners like YOU in systemising their finance function to unlock precious time, drive better business growth, and gain crystal-clear insights into your cashflow. 💥 My mission is to give business owners their time back, to focus on what truly matters to you! 💷 To implement SYSTEMS that save you £££'s on hiring in house finance teams - Drop me a DM! Innovate Accountancy #financefunction #efficiency #profitability #growth #ambitiousentrepreneur #sme #businessgrowthstrategies #construction #manufacturing #outsourcedaccounting 

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