Wondering if you have what it takes to run a successful business? Learn about the essential traits every entrepreneur needs and find out if you’re ready to make the leap into small business ownership.
Can You Run a Business? Essential Traits for Small Business Success Read More »
We have asked our brilliant bookkeepers at 2 Sisters Accounting for their top bookkeeping tips for small businesses to make your life easier. They specialise in small business bookkeeping and working with small businesses so are in the prime position to suggest some help for the common problems they see all the time. Why Keeping
Top Bookkeeping Tips for Small Businesses Read More »
Learn what business entertainment expenses are tax-deductible, how to handle VAT on client and staff entertainment, and tips for small business owners to manage corporate hospitality costs effectively.
Understanding Business Entertainment Expenses: Tax Deductible Costs for Small Businesses Read More »
The Budget 2025 as laid out by Chancellor of the Exchequer Rachel Reeves brings crucial tax updates for small business owners, particularly affecting limited companies with a sole director.
Budget Day 2025: What Small Business Owners Need to Know Read More »
Learn how to manage tax losses in your limited company. Discover how to offset losses, carry them forward, or reclaim corporation tax with expert advice from 2 Sisters Accounting.
Tax Losses in Your Limited Company Read More »
Struggling with overdue invoices? Discover effective tips for small business owners to get paid on time without ruining client relationships.
How to Get Overdue Invoices Paid: Tips for Small Business Owners Read More »
An overdrawn directors loan account (DLA) is when a director of a company withdraws more money from the company’s funds than they have repaid or than they are owed by the company. Essentially, the director owes money to the company, creating a liability on the company’s balance sheet. From our experience we see this happen a
What is an overdrawn directors loan account? Read More »
Having run through the basics of VAT registration recently there are some core things to be aware of when you have registered for VAT. – Flat rate schemeThe VAT flat rate scheme is designed to simplify the process for businesses that do not have a lot of expenses that they can reclaim VAT on. While
As we talk to new growing businesses all the time a key consideration for them is when to register for VAT, sometimes when to deregister. There are a lot of complications to how it all works but the key points are: – The VAT registration threshold is £90,000 in a 12 month periodIf your turnover
5 Key VAT registration facts Read More »
We get a lot of questions from people who are baffled by when they need to pay their taxes, or have received a letter from HMRC demanding payment for something they were not aware needed paying. So we have summarised the main taxes and when they are due to be paid. Self assessment Whether you are
When do you need to pay your tax? Read More »
Accounting hints, tips, and updates
Want our fortnightly/monthly rambling on some handy accounting things? We attempt to make it slightly less boring than reading the back of shampoo bottles but can’t make any promises.
2 Sisters Accounting is a Limited company registered in England and Wales Registration No. 11167998
Reg office: International House, 12 Constance Street, London, E16 2DQ
