Insights
Our tax and accountancy experts give their views on the latest news and events affecting business owners in the UK.
What's the Annual Investment Allowance?
The Annual Investment Allowance lets most businesses deduct 100% of qualifying asset costs from taxable profit in the year of purchase, up to £1 million.
What's taxable profit?
Taxable profit is the figure your tax bill is calculated on. It's your income minus the business expenses HMRC allows you to deduct.
How to create a financial forecast for your business
A financial forecast helps you plan income, costs, tax and cash flow so you can make confident decisions and keep your business on track over the next 12 months.
How to track your company’s financial health month to month
Tracking your company’s financial health month to month helps you stay profitable, spot risks early and make confident, data-driven decisions for your business.
What’s the difference between profit and cash flow?
Profit and cash flow show different sides of your business. Understanding both helps you make confident decisions and keep your finances stable.
What’s included in my P&L?
A profit and loss report shows your income, costs and profit over a set period so you can understand how your business is performing.
What are management accounts?
Management accounts give you a real-time view of your profits, cash flow and performance, helping you make confident decisions month by month.