Category: Uncategorized

Taxes can be tricky, can’t they? One moment, you’re sure everything is in order; the next, you’re wondering if you’ve overlooked something crucial. It’s no surprise that tax compliance can feel like navigating a minefield. To simplify matters, HMRC has launched a new “Check if You Need to Pay Extra Tax” tool—but how does it…

Welcome back to our Mythbusters blog series, where we uncover financial myths that could put businesses at risk. At Black & White Accounting, we help businesses stay compliant, tax-efficient, and financially secure—and today, we’re tackling a common misconception in the construction industry: “Construction workers can always be self-employed.” Many construction firms and workers believe that…

Scaling your business is one of the most exciting phases of entrepreneurship—it’s the moment you realise that your hard work is paying off, and you’re ready to take your business to the next level. But scaling isn’t just about growing bigger; it’s about growing smarter. Knowing when your business is ready to scale can make…

Running a successful business is about more than delivering great products or services—it’s about managing your finances efficiently, and that includes optimising your tax position. At Black & White Accounting, we know that smart tax planning can make all the difference, saving your business money and keeping you ahead of your obligations. With our expert…

Welcome to another edition of our Mythbusters blog series, where we separate financial fact from fiction to help businesses make smarter financial decisions. At Black & White Accounting, we know that tax rules can be confusing, and making incorrect claims can cost you dearly. Today, we’re tackling a common misconception: “Clothing is always a business…

Franchising is one of the most powerful ways to rapidly expand a successful business. It allows you to replicate your proven business model, extend your brand, and grow rapidly without needing to take on all the operational burdens yourself. But how do you know if your business is ready to be franchised, and what steps…

Welcome to the latest installment in our blog series, where we break down the myths surrounding VAT and help businesses like yours maximise their financial efficiency. At Black & White Accounting, we believe that knowledge is power—especially when it comes to tax matters. Today, we’re tackling a common misconception: that VAT is just an extra…

In the exciting world of business, partnerships can offer a wealth of opportunities. However, with these opportunities come challenges, and having a clear framework to navigate them is essential. At Black and White Accounting, we understand the nuances of business operations and are here to guide you through the importance of a partnership agreement. So,…

Welcome back to our Mythbusters blog series, where we bust financial myths that could land business owners, freelancers, and side hustlers in hot water. At Black & White Accounting, we know the gig economy is booming, with more people than ever juggling side hustles alongside their main jobs. But do you really need to tell…

Becoming a director of a limited company is a huge milestone, and if you’re reading this, congratulations! But let’s be honest—whether it’s your first time or your fifth, stepping into the director’s chair can bring a wave of mixed emotions. Should you be excited about the opportunities that lie ahead, or worried about the responsibilities…