Within business finance, the term “Accounts Receivable” (AR) is one you’ll encounter frequently. But what exactly does it mean for you and your business? Many find it to be a puzzling concept, but understanding it is crucial to managing your…
As the new tax year rolls around, it’s time for businesses across the UK to reassess their financial plans and prepare for the future. Meaning that now is a crucial time for business owners to get their finances and yearly…
As a small business owner, you’re used to juggling various responsibilities. From marketing, sales, customer service and even bookkeeping. One critical aspect of managing your business well is understanding your financial statements. These documents are pivotal in monitoring your progress,…
When it comes to managing your business finances, having a reliable bookkeeper is essential. While many bookkeepers offer their services remotely, there are undeniable advantages to hiring a bookkeeper near your location. In this blog, we will explore the benefits…
Double-Entry Bookkeeping and Single-Entry Bookkeeping. What’s the difference? Both have their merits and drawbacks. And their suitability can vary depending on the size, complexity and specific needs of a business. Here at CPL Accounts, we know that not every SME…
In the realm of business finance, two roles often take centre stage: bookkeepers and accountants. Both are indispensable for the seamless operation of a business’s financial affairs. However, many entrepreneurs and small business owners in the UK often ask about…
Here at CPL Accounts, we know that in the world of small businesses, every minute and every penny counts. Small business owners and entrepreneurs often find themselves juggling various roles, from marketing to customer service and bookkeeping. And, quite frankly,…
The annual company Christmas party is a great way for employees to come together and celebrate the festive season and the last 12 months achievements within the business. Organising a party as a business owner will come with many questions,…
The end of the tax year brings the annual responsibility of filing your self-assessment tax return. While the process may seem daunting, a timely submission is crucial to avoid penalties and ensure financial compliance. It is important to note that…