Category: Uncategorized

Welcome to our Mythbusters blog series, where we will expose the biggest financial myths that could land business in trouble. At Black & White Accounting, we believe that understanding financial rules is the key to long-term success, and today we’re tackling one of the biggest misconceptions among business owners and directors: “My company’s money is…

At Black & White Accounting, we understand that tax season can bring stress, confusion, and last-minute panics for many individuals and businesses. But it doesn’t have to be that way. With the right tools and expertise, completing your Self-Assessment tax return can be straightforward, efficient, and even empowering. That’s where we come in. As a…

Running a yoga studio, business network, or training organisation? You might be surprised to learn that your VAT obligations could shift dramatically—depending on whether HMRC sees your service as education or leisure. This isn’t just a minor technicality. Get it wrong, and you could face hefty backdated VAT bills or penalties. Let’s explore why this…

Managing payroll and PAYE (Pay As You Earn) can feel overwhelming for UK employers, but it doesn’t have to be! Ensuring that your employees are paid correctly and on time while staying compliant with HMRC regulations is essential for running a smooth and stress-free business. At Black & White Accounting, we make payroll simple, helping…

When it comes to managing business finances, one big decision every entrepreneur faces is whether to hire an accountant or go the DIY route. While handling your own books might seem like a cost-saving strategy, is it really the best option for your business? At Black & White Accounting, we believe in making numbers work…

In recent years, Research and Development (R&D) tax relief has become a valuable incentive for innovative UK businesses—particularly those in the software and technology sectors. However, HMRC has significantly changed its approach to reviewing claims, and software companies are now facing tougher scrutiny than ever before. If your business is writing code, developing systems, or…

Filing a Self-Assessment Tax Return can feel daunting, but it doesn’t have to be! Whether you’re a sole trader, landlord, freelancer, or company director, ensuring your tax return is filed correctly and on time is crucial to avoiding penalties and maximising tax savings. At Black & White Accounting, we help you navigate the process smoothly,…

At first glance, a Christmas cracker may seem like nothing more than a light-hearted festive novelty—containing a paper hat, a joke, and a small toy. But behind this seasonal tradition lies a much more serious issue for manufacturers and retailers: VAT classification. The question at the heart of a now well-known VAT debate was this:…

Choosing the right accountant is one of the most important decisions for your business. The right professional can save you time, money, and stress, ensuring that your finances are managed efficiently. But how do you know who to trust? At Black & White Accounting, we believe in transparency, expertise, and trust, and we’re here to…

Running a business is exciting, but let’s be honest—financial statements can feel like a foreign language. If terms like balance sheet, profit & loss, and cash flow statement make your head spin, don’t worry—you’re not alone! At Black & White Accounting, we believe numbers should work for you, not against you. That’s why we break…