Managing cash is the single most common headache I see in UK micro‑businesses and growing SMEs. One little lever that can make a big difference is smarter use of vendor payment windows combined with a simple supplier scorecard. Tactically extending payment terms can free up working capital, but...
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Financial Planning
Seasonal shops live on cycles — big peaks, quiet troughs, and VAT returns...
Compliance
Working on small sites as a sole trader can feel like juggling tools, clients...
Bookkeeping
I often get questions from clients who hold retainers on account in Xero and...
Tax Tips
I often get asked by clients how to reclaim fuel and mileage when a car is used...
I often get questions from clients who hold retainers on account in Xero and then need to refund part or all of that retainer. The worry I hear most is: “If I refund this, will Xero create a ghost liability or leave my contact with a strange...
I often get asked by clients how to reclaim fuel and mileage when a car is used for both personal and business trips — and how to do it without waving a red flag in front of HMRC. It’s a common headache: business owners want to be fairly...
I regularly help small retailers untangle questions about capital allowances, and one of the topics that comes up again and again is: can you claim for second‑hand plant and machinery? The short answer is usually yes — but there are a few...
I often see small business owners get stuck reconciling Stripe payouts in Xero because the numbers on the bank statement don’t line up with the sales recorded in their accounting system. Stripe bundles sales, fees, refunds and transfers into a...
I know how tempting it is to rely on revenue as a vanity metric. As a freelancer, you can have healthy income one month and still be losing money on the clients that take the most time. That’s why I built per‑client profitability scorecards...
I remember the first time a client told me they’d failed an HMRC digital links check — they were genuinely surprised. They were using a modern cloud accounting package, had a trusty spreadsheet or two, and yet their VAT return was rejected...
Running a small company means directors sometimes need to borrow from their business — it’s common, practical and often harmless when handled correctly. But get the paperwork or timings wrong and that friendly loan can turn into an unexpected...
I’ve seen it too many times: a business owner opens their accounting software the week their VAT return is due and finds a nasty surprise — sales that weren’t recorded, bank fees that ate into the cash needed, or invoices paid into a personal...
I’m going to walk you through a practical, no‑nonsense approach to negotiating supplier credit terms when cashflow is tight. I’ve helped many small business owners in the UK do this — sometimes under pressure before payroll or a VAT bill —...
I migrated payroll records for several micro‑employers when clients asked me to move from Sage to Xero, and the thing that worries people most is losing payroll history. I get it — that payroll history is a legal record, it feeds annual...