How long do you have to file company accounts after year-end?
how long to file company accounts after year end Your company’s financial year has just closed, and your accountant is already asking for bank statements and invoices. With the new trading year in full swing, it is tempting to leave the accounts until you know how long you actually have to file them. A private […]
VAT errors and corrections: How to fix common mistakes
vat errors and corrections You are reconciling the latest quarter when you spot purchase invoices posted with the wrong VAT code, so a return you have already filed with HMRC is now inaccurate. Putting it right follows a set process that turns on two things: how big the mistake is and how it happened. VAT […]
Questions to ask an accountant before hiring one in the UK
questions to ask an accountant before hiring Most quotes from accountants look alike on paper, so it is tempting to pick the cheapest and move on. The trouble is that price tells you very little about the service you will get once the year gets busy. The questions to ask an accountant before hiring one […]
What is a good SaaS gross margin? Benchmarks UK founders should know
what is a good saas gross margin Founders putting together a board pack or an investor update usually reach the same point in the numbers and wonder what a good SaaS gross margin looks like for a business at their stage. The figure is one of the first things investors look at and a margin […]
What can I claim VAT back as a limited company?
what can i claim vat back as a limited company VAT can be very simple to account for as long as you are charging it to your customers. What most people get wrong is the reclaiming process, which determines what your limited company can claim back. If your limited company is VAT registered, you can […]
VAT on Digital Services: What UK Tech Companies Need to Know?
vat on digital services You may have built an app, launched a subscription or created an online course and started selling it worldwide. As your customer base grows, VAT can become more complicated because the rules for digital services often depend on where your customer is located. For growing UK tech and SaaS companies, getting […]
How to read a Balance Sheet? A UK founder’s guide
how to read a balance sheet You know how much revenue your business made last month, but do you know what your balance sheet is telling you? For many founders, it is something they only look at when a lender, investor or accountant starts asking questions, often when a cash problem or financial issue has […]
What Should I Look for in a SaaS Accountant?
Learn the subscription metrics, revenue recognition and experience to check before you hire.
Virtual CFO for SaaS Startups: When to hire one?
what stage is right for a virtual cfo in a saas startup You started out with a bookkeeper and a spreadsheet and for a while that was plenty. Then the growth arrives and with it the questions that spreadsheet cannot answer: how many months of runway are left, whether that new hire is affordable, why […]
Equity vs Grant Funding: UK Startup Guide
equity vs grant funding for UK startups Securing the right funding is a pivotal moment for any UK startup. As you navigate the journey from concept to scale, understanding the fundamental differences between equity funding and grant funding is paramount. While both can inject essential capital into your business, they operate on entirely different principles, […]