Category: Uncategorized

  • Why Do I Need an Accountant? Software Can Do It All for Me, Right?

    Why Do I Need an Accountant? Software Can Do It All for Me, Right?

    In today’s tech-driven world, it’s easy to think that accounting software can handle everything your business needs. After all, why pay for an accountant when there are apps and tools that can reconcile your bank statements, track your expenses, and file your taxes? While software is great for automating certain tasks, there’s a lot more…

  • VAT on UK Private School Fees: What It Means and How to Prepare

    VAT on UK Private School Fees: What It Means and How to Prepare

    Big changes are on the horizon for parents with children in private schools. The UK government’s proposal to introduce VAT on private school fees could affect thousands of families and businesses. As a small accountancy practice, we’re already receiving questions from clients about how this will play out, who will be impacted, and what—if anything—can…

  • Reflections on 2024 and Looking Forward to 2025 Together

    Reflections on 2024 and Looking Forward to 2025 Together

    As the calendar turns from 2024 to 2025, we find ourselves in a moment of reflection—a chance to look back on a year of challenges, triumphs, and change, while also looking forward to the opportunities and possibilities that lie ahead. At Black & White Accounting, we believe in taking stock of the bigger picture. This…

  • What Taxes Does Santa Pay? The North Pole Tax Breakdown!

    What Taxes Does Santa Pay? The North Pole Tax Breakdown!

    It’s that time of year when Santa Claus dusts off his red suit, the elves rev up production in the workshop, and Rudolph starts his pre-flight warm-ups. But have you ever wondered what taxes Santa might pay if he operated in the UK? While the North Pole might be beyond HMRC’s reach, let’s imagine for…

  • What is a Trading Name? Everything You Need to Know!

    What is a Trading Name? Everything You Need to Know!

    Have you ever wondered why some businesses seem to have more than one name? That’s the power of a trading name! Whether you’re an individual or business understanding trading names could help boost your brand identity without all the hassle of changing your company’s legal name. Let’s dive into what a trading name is, the…

  • The Best Business Apps in the UK for 2025

    The Best Business Apps in the UK for 2025

    Running a business in today’s fast-paced world means juggling countless tasks while staying efficient and competitive. Thankfully, technology has your back. With an ever-growing range of business apps available, you can streamline operations, improve productivity, and take your business to the next level. At Black & White Accounting, we’re passionate about helping businesses succeed, and…

  • How to Prepare for an HMRC Inspection: Essential Tips for Individuals and Businesses

    How to Prepare for an HMRC Inspection: Essential Tips for Individuals and Businesses

    An HMRC inspection can sound daunting, but with the right preparation, you can turn this potentially stressful experience into a straightforward, manageable process. Whether you’re an individual taxpayer or running a business, knowing what to expect and how to prepare can make all the difference. As an accountancy practice that specialises in supporting individuals and…

  • I’ve Been Offered Shares in a Limited Company: What % Ownership Should I Ask For?

    I’ve Been Offered Shares in a Limited Company: What % Ownership Should I Ask For?

    Being offered shares in a limited company is an exciting opportunity that can give you a stake in its success. But one big question remains: what percentage ownership should you ask for? Whether you’re negotiating as a potential investor, employee, or partner, understanding the different levels of ownership and the rights that come with them…

  • Late Payments Are Hurting my SME – What Can I Do?

    Late Payments Are Hurting my SME – What Can I Do?

    For small and medium-sized enterprises (SMEs), late payments can be more than just a financial headache—they can spell disaster. Cash flow is the lifeblood of any business, and when customers delay payments, the knock-on effects can be devastating: bills pile up, payroll becomes stressful, and growth opportunities are missed. That’s why we say “cash is…

  • Welcome Adam: Our First Accounting Apprentice Joins the Team!

    Welcome Adam: Our First Accounting Apprentice Joins the Team!

    We’re absolutely thrilled to announce a major milestone for Black & White Accounting—Adam has joined us as our first Accounting Apprentice! His arrival marks a bold step in our journey as a fast-growing, dynamic accountancy firm committed to developing future leaders in business and finance. Meet Adam: A Rising Star in the World of Accounting…