Blog | Defacto-FD
How can I minimise my financial paperwork

How can I minimise my financial paperwork

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How can I minimise my financial paperwork Overflowing storage spaces, endless piles of files, crumpled up receipts and tattered old ring binders – it may seem cliché, but it’s an all too familiar image for business owners. Some paperwork simply can’t just be thrown away; it needs to be kept in case of HMRC visits,…

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What are debtor days

What are debtor days and why should I worried about them?

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What are debtor days and why should I worried about them? Debtor Days may sound like the name of a new indie-rock album, but it’s actually a commonly overlooked financial concept that a lot of businesses don’t fully understand. In this blog we’ll outline what debtor days are and why you should be aware of…

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Mobile Accounting: How does it work

Mobile accounting: how does it work?

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Mobile accounting Mobile apps have completely revolutionised the way we can interact with clients. They allow you to keep tabs on your business and provide you with instant access when you are out and about. Recently, mobile accounting has become a trend that more and more businesses seem to be buying into. The fact that…

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How to prepare for making tax digital

How to Prepare for Making Tax Digital

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Preparing for Making Tax Digital With just about half a year left to go until Making Tax Digital goes into effect, it’s time to dot the i’s and cross the t’s. Transitioning to a digital system may seem daunting at first, but it provides all sorts of unique benefits, advantages and opportunities for businesses to…

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Budget 2018: What it means for YOU

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Budget 2018: What it means for YOU There’s been a lot of headlines and news stories about the recent budget announcement, so we thought we would break it down and provide a bit of a commentary. This is probably a bit more useful than just listing out all the changes without addressing what this actually…

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What happens if you can’t pay VAT on time and how to avoid it

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What happens if you can’t pay VAT on time and how to avoid it Staying one step ahead of HMRC can be difficult when you’re doing a million other things at once, but most businesses will agree that there’s nothing worse than being unable to pay VAT or missing an important payment deadline. In this…

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Why do I need a financial plan?

Why do I need a financial plan?

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Why do I need a financial plan? Success always starts on paper, no matter what industry your business is in. Careful planning is always necessary at any stage and will help inform your decisions and the course you want your business to take. Crucially, growth doesn’t just happen overnight – it needs to be planned…

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What is a virtual FD and how can we help your business?

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What is a virtual FD and how can we help your business? First of all, hiring a virtual FD doesn’t mean that everything happens online. In fact, for many businesses, working with a virtual FD means engaging in a very approachable and personal working relationship that gives businesses the access to top-level finance advice without…

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When sporting a tie costs you an extra 20% (if you’re a gingerbread man)

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Value Added Tax (VAT) was always intended to be a pragmatic and easy to understand. It was even billed as ‘the simple tax’ when it was introduced more than 40 years ago. VAT is essentially a consumption price that is added to the overall production price. Sounds pretty reasonable, if you ask me. Well, this…

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One of these could cost you thousands of pounds in tax and National insurance. Do you know which one?

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When is a van…not a van? Are you thinking about buying a new commercial vehicle for your business? Well, tread carefully because an incorrect choice could lead to an unexpectedly large tax bill. Of the three vans pictured above, one is technically classified as a car! Read on to discover just how fine the margins…

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