Handpicked Accountants

Whether you want to throw everything you have at saving your company, or would like to look at your options of bringing it to an orderly end, this free guide is your perfect starting point. https://lnkd.in/e8M5D7EW

It is important to note that a director’s loan account is not the same as your business bank account or your personal bank account. Instead, it is a “virtual” account that only exists as a means of keeping track of the money that flows between you and your company. This is because, unlike sole traders, your limited company is separate from you. https://lnkd.in/eyzZ2HEz

While fraudulent trading is often calculated and deliberate in nature, many instances of wrongful trading are committed without any intention to do so by directors. However, as the director of a limited company, it is your responsibility to understand what constitutes wrongful trading, and to take the necessary steps to ensure you do not fall foul of these rules. https://lnkd.in/eE-qDBj

#Cashflow problems can appear suddenly in business, or they can insidiously creep in when you’re busy dealing with other matters. Whatever the scenario, it’s a serious situation as lack of cash can derail your business plans and threaten its long-term existence. This is why spotting the signs of cash flow problems early is crucial – it gives you more time to avert a crisis and get your business back on track. So what are the first signs that cash is becoming a problem, and how should you deal with the situation? https://lnkd.in/dFuAF7D

If you are an accountant searching for solutions on behalf of a distressed client, our free guide has all the information you need when it comes to business rescue, recovery, and closure. #Accountant #Accounting #Finance #Insolvency https://lnkd.in/dacZJGyP

Here’s a guide to some of the key terms and tax lingo to make self-assessment easier and get you on track to being HMRC-compliant. #SelfAssessment https://lnkd.in/eTptR6f

Best wishes from all the team here at Handpicked Accountants. 🎄

While property offers potential for significant growth, it comes with management complexities and liquidity concerns. Pensions provide tax benefits, stability, and controlled investment options. Ultimately, seeking professional guidance is crucial to navigating these options and securing a comfortable retirement. https://lnkd.in/e4Drxzi5

The company expects that the Chancellor’s decision to increase employers’ National Insurance contributions will exacerbate cost pressures on businesses already grappling with economic headwinds. https://lnkd.in/e_Zy_4AG

Hiring an accountant offers many benefits to both limited companies and sole traders. Accountants can spot potential problems in your business, and prevent them from turning into a crisis. Whether your accountant is involved in your company’s day-to-day financial affairs, or simply completes your annual accounts, they will be able to understand and explain to you the ‘bigger picture’ presented by your figures. https://lnkd.in/dxzUAbn