Stepping Stones Accountancy | Accountancy & Tax Latest News

By: Nathan Brady
24 November 2023
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Should your business have a savings account?

Should your business have a savings account? https://steppingstonesaccountancy.co.uk/wp-content/uploads/2023/11/should-your-business-have-a-savings-account.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 24 November 2023 27 November 2023

As individuals we are encouraged from a very young age to open a savings account so that money can be put away for future needs. So, the key question is why do businesses not adopt the same approach and use a business savings account? Speaking to several business owners some of the common reasons of…

By: Nathan Brady
10 November 2023
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How to get a mortgage if you are self-employed

How to get a mortgage if you are self-employed https://steppingstonesaccountancy.co.uk/wp-content/uploads/2023/11/how-to-get-a-mortgage-if-you-are-self-employed.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 10 November 2023 27 November 2023

At various times in our working life, we may all have a desire to do something for ourselves and step into the world of business ownership. However, it is only a very small percentage of people that take the plunge and become self-employed. Those that do take the required steps benefit from total independence, a…

By: Nathan Brady
24 October 2023
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Dealing with late payments

Dealing with late payments https://steppingstonesaccountancy.co.uk/wp-content/uploads/2023/10/dealing-with-late-payments.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 24 October 2023 22 October 2023

As a business owner cashflow is king and one of the biggest barriers faced is debt through late payments. Unfortunately, there are many reasons why customers delay making payment. Sometimes it through no fault of their own and for others that is just how they like to do things. Unfortunately for the company being owed…

By: Nathan Brady
10 October 2023
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Managing work-related stress

Managing work-related stress https://steppingstonesaccountancy.co.uk/wp-content/uploads/2023/10/managing-work-related-stress.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 10 October 2023 22 October 2023

There are many pressures faced by a business owner and they run the risk daily of becoming over stretched and pressurised which leads to high levels of stress and illness. All of which results in damage to health and the business. In order to combat work-related stress here are a few hints and tips: Health…

By: Nathan Brady
22 September 2023
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Explaining sustainable finance

Explaining sustainable finance https://steppingstonesaccountancy.co.uk/wp-content/uploads/2023/09/explaining-sustainable-finance.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 22 September 2023 22 September 2023

The word sustainable is one of the more common “buzz” words being used currently. In essence it refers to the ability of being maintained at a reliable rate without causing damage. Typically, it will be associated with a social or environmental goal. It is also being introduced into the area of finance under the heading…

By: Nathan Brady
11 September 2023
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The benefit of a commercial mortgage

The benefit of a commercial mortgage https://steppingstonesaccountancy.co.uk/wp-content/uploads/2023/09/the-benefit-of-a-commercial-mortgage.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 11 September 2023 22 September 2023

Business stability is incredibly important, especially when trying to ensure the long-term future of an organisation. An area that is often overlooked, but which is immensely important, is with the ownership of a commercial property. A business in a rented location has nothing in return for their payments whereas a monthly fee towards the ownership…

By: Nathan Brady
23 August 2023
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Can a smart meter help with business costs?

Can a smart meter help with business costs? https://steppingstonesaccountancy.co.uk/wp-content/uploads/2023/08/Can-a-smart-meter-help-with-business-costs.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 23 August 2023 25 August 2023

Staying on top of your costs is important for a small business and adopting a policy for best practice cost savings can be extremely beneficial. As the UK economy continues to fluctuate, we are seeing increasing utility charges. Focusing on running costs and energy usage should form an integral part of the businesses best practice…

By: Nathan Brady
10 August 2023
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How to manage late payments

How to manage late payments https://steppingstonesaccountancy.co.uk/wp-content/uploads/2023/08/How-to-manage-late-payments.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 10 August 2023 25 August 2023

Cashflow is king for any small business and having to manage late payments can be incredibly difficult. If debt builds up, then it becomes tricky to manage your own bills causing issues with paying suppliers and employees. When faced with the difficulties surrounding debt recovery there are 5 key steps that can be taken: Step…

By: Nathan Brady
20 July 2023
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What are alternative payment methods for a business?

What are alternative payment methods for a business? https://steppingstonesaccountancy.co.uk/wp-content/uploads/2023/07/What-are-alternative-payment-methods-for-a-business.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 20 July 2023 20 July 2023

Diversification is an important aspect of any successful business. Often needing to adapt to the constant changes in a business landscape and diversify by introducing new products or services. Having a diversification strategy that can be used to deploy alternative options for capitalising on business growth is a must. Something that is often overlooked, but…

By: Nathan Brady
6 July 2023
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Understanding the P11D

Understanding the P11D https://steppingstonesaccountancy.co.uk/wp-content/uploads/2023/07/understanding-the-P11D.jpg 758 513 Stepping Stones Accountancy Stepping Stones Accountancy //steppingstonesaccountancy.co.uk/wp-content/uploads/2017/01/stepping-stones-acountancy-icon.png 6 July 2023 20 July 2023

A business that employs staff will have several payroll responsibilities. One area which is often misunderstood or overlooked is the need to file a P11D. In this blog we will explore exactly what its purpose is and why it is needed. The purpose of a P11D If a business has set-up perks for their employees…

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