Business Guides - Your Accounts

Who are accountants?

Unfortunately there is nothing to stop anybody calling themselves accountants. This means that it is vitally important to understand the three main types of accountants.

What expenses can I put through the company?

A breakdown of claimable expenses.

What are Dividends?

Dividends are a distribution of Company profits and do not affect the amount of corporation tax payable.

Introduction to VAT

Information for those new to VAT: rates, how to register, VAT returns and invoicing.

The Basics of VAT

Your freelancer guide to compulsory and voluntary VAT registration, VAT returns and the flat rate scheme.

Types of Accounts

Just as there are several different types of accountants, there are also many different types of accounts.

Your Accounts

We have now explained the building blocks of every set of accounts. We will now show you how these are used to construct your profit and loss account and balance sheet.

Basic Principals

Most accounting is little more than applied common sense. However, there are two golden accounting rules that are not immediately obvious - and so it is worth spending two minutes describing them.

Your Books

Both sets of accounts (management & statutory) use the same basic information which they get from the same place - the Company's "books". First we shall look at the accounts themselves.

Bookkeeping basics

Your accounts can only ever be as accurate as the books you keep. In this section we explain the books you will need - and those you won't!

Accounts made easy

Understanding accountancy and finance is like driving a car - it fills most people with dread and fear...

Credit control

There are sadly a great number of potential customers in the market who can cost your business a great deal of time and money by not paying their debts. Here is Freelance UK's guide to controlling them and keeping your credit the right side of the line.

How to get paid when freelancing

Ten tips from an industry expert offering advice on how to speed up tardy payment from a client - and what to do if they refuse to pay.

Step- by-step guide to collecting payment

Joan Yeadon, proprietor of Credit Control Consultancy, explains how to collect payment quickly and effectively.

How to charge for late payment

The Better Payment Practice Group reveals how tardy payers can earn you money.

Enforcement of Small Claims Judgments in the County Court - Part 1

Legal experts, PRMS Ltd, look at how freelancers can recover debt.

Enforcement of Small Claims Judgments in the County Court - Part 2

Legal experts, PRMS Ltd, continue their advice on how freelancers can recover debt.