Resources

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Pearl is a great way to keep up with the latest news and advice.

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◴ 8 min

Internal vs external audit – key differences and benefits

Internal audit and external audit both provide assurance, but they serve very different purposes. The most important distinction for many UK businesses is their legal status. An external audit may be required by law, while internal audit is generally voluntary for an ordinary UK private company,...

◴ 10 min

A Beginner’s Guide to Completing Your First Self-Assessment Tax Return

What Is Self Assessment? Self Assessment is HMRC’s system for collecting Income Tax from people whose tax cannot be fully...

◴ 9 min

All You Need to Know about Running Payroll in a UK Company

Running payroll correctly is one of the most important legal obligations of any UK employer. Understanding the rules protects your...

◴ 26 min

Everything UK Small Businesses Need to Know about Annual Company Accounts

What Are Annual Company Accounts? Before diving into the details, it helps to be precise about what we mean. Annual...

◴ 7 min

QuickBooks vs. Xero: Best UK Accounting Software 2024

Despite the numerous DIY and business accounting solutions on the market for startups and Limited Companies, two solutions stand out...

◴ 7 min

UK HMRC Tax Codes—The Full Guide

Each year, HMRC issues tax codes to UK employees and pension earners that define how much tax you must pay...

◴ 5 min

A guide for UK businesses to claim VAT refunds in EU countries.

What is VAT Value Added Tax (VAT) is the tax that we pay on the purchase of goods or services....

◴ 8 min

Types of Shares: A Comprehensive Guide

What is a share in a company? In financial terms a share represents a part or portion that you own...

◴ 5 min

What is Crowdfunding?

Crowdfunding has transformed the way entrepreneurs, startups, and small businesses raise money. Instead of relying solely on banks, investors, or...

◴ 6 min

The difference: insolvency, liquidation, bankruptcy & administration

When a business is facing financial difficulties, several different options and processes can be pursued to resolve the situation. Insolvency,...

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