Making Tax Digital for Income Tax: What You Need to Know

Making Tax Digital for Income Tax: What You Need to Know

Making Tax Digital for Income Tax (MTD) is changing how Self Assessment works in the UK. If you’re an actor, musician, freelancer, or landlord, this is likely to affect you over the next few years. The good news? With the right setup, it doesn’t have to be...
How to Use AI in Accounting: The Dos and Don’ts

How to Use AI in Accounting: The Dos and Don’ts

Unless you have been living under a rock over the past year or so, you will be well aware of how AI has been transforming the way businesses operate. From automating tasks, to boosting productivity, to streamlining processes. However, as with any powerful digital...
How do I write a business plan for my creative business?

How do I write a business plan for my creative business?

You know a business plan will help you revive your creative ambition. You know you don’t need that bloated 30-page document of made-up marketing research, but you need a 2-page plan to reach your goals, and you need to be able to refer to it regularly.   So, now what?...
Why Is An Overdrawn Director’s Loan Account A Problem?

Why Is An Overdrawn Director’s Loan Account A Problem?

So you have an overdrawn directors loan. You didn’t even know what it was at first, but you really need to know why it’s a problem.  Basically, the problem is that it looks like you owe your business money and that might lead to some, possibly significant, tax to...