Category: Uncategorized

The landscape of UK company law is undergoing significant transformation, heralding an era of greater transparency and accountability for businesses. These changes, primarily driven by the Economic Crime and Corporate Transparency Act, are set to modernise company regulations, bolster anti-money laundering (AML) efforts, and enhance trust in the corporate system. For fast-growing businesses and startups,…

When you start a business, you often think about the obvious expenses: rent, salaries, inventory, and marketing. However, many entrepreneurs overlook the hidden costs that can significantly impact their bottom line. Understanding these hidden expenses is crucial for effective budgeting and long-term success. At Black & White Accounting we are here to unlock these secrets…

If you’re an ambitious business owner, your days are packed with decisions, deals, and deadlines. With so much on your plate, keeping personal and business finances separate might seem like an unnecessary hassle. But trust us—mixing the two is a financial disaster waiting to happen. At Black & White Accounting, we’ve worked with fast-growing businesses…

Struggling to pay your self-assessment tax bill by the 31 January deadline? Don’t panic—you’re not alone, and there are options to help you through. At Black and White Accounting, we’re here to guide you through this, one step at a time. Let’s dive into what you can do if you can’t pay on time and…

If you’re an ambitious entrepreneur or a fast-growing business, keeping up with financial records might feel like an afterthought. But here’s the hard truth—poor record-keeping is one of the top reasons businesses fail. At Black & White Accounting, we’ve seen it all—from missing invoices to mismatched accounts that turn into financial nightmares. The good news?…

Welcome back to our Mythbusters blog series, where we tackle the biggest financial myths that could be putting your business at risk. At Black & White Accounting, we’re here to help you separate fact from fiction and ensure you stay on top of your business finances. Today, we’re busting a dangerous misconception: “My business isn’t…

Building a business that can thrive without you at the helm might seem like the ultimate goal — and it’s entirely achievable. The concept of a self-sustaining business allows you to step back while your team and systems keep the engine running smoothly. At Black and White Accounting, we believe in helping entrepreneurs design businesses…

Welcome back to our Mythbusters blog series, where we separate financial fact from fiction to help businesses like yours stay compliant and maximise savings. At Black & White Accounting, we know that tax rules can be tricky, and misunderstandings can lead to costly mistakes. Today, we’re tackling a common misconception: “Business entertainment is tax-deductible.” If…

Running a business can often feel like juggling a million tasks at once. Among the most critical yet chaotic aspects is financial management. Disorganised financial processes can lead to confusion, missed opportunities, and ultimately, a detrimental impact on your bottom line. Fortunately, with the right strategies, you can transform chaos into clarity. Let’s explore how…

Welcoming an au pair into your home can be an enriching experience for both your family and the au pair. However, understanding the legal and financial obligations of hosting an au pair in the UK is essential to avoid costly mistakes and ensure a harmonious arrangement. Here’s what you need to know about employing an…