Stay informed with the latest news and advice from Pearl
Essential Business Metrics Your Small Business Needs to Know to Succeed
Even the young entrepreneur operating a lemonade stand knows that, when sales are up, business is doing well, and when they’re down, more marketing is needed. This metric of sales and gross income are known almost instinctively by anyone starting a business. That’s...
read more
Best Business Blogs for UK Businesses
A lot goes into starting and running a successful business in the UK. From having a great business idea to writing an excellent business plan, to keeping your accounting up to date, there’s a lot that UK SMEs need to know. It is vital for entrepreneurs and business...
read more
QuickBooks Online Software Full Review for UK Businesses
What is QuickBooks online? QuickBooks is an accounting software developed by Intuit, a USA-based tech company specializing in financial software. QuickBooks was first a desktop application, operating locally on the premises. But, as has happened with most accounting...
read more
The 3 Most Important Financial Statements: Everything You Need to Know
If you’ve ever tried to do your own accounting, you’ve no doubt run across the plethora of financial reports and statements that exist. But there are three financial statements which are more important than all others. They are: Profit & Loss StatementCash Flow...
read more
What Is Equity? Every Finance Definition of Equity under the Sun!
Perhaps no word elicits more confusion in the financial world than “equity.” Although the dictionary has several specific meanings for the word, those meanings have changed and morphed. Equity means one thing in accounting, something different in the stock market, and...
read more
Everything UK Small Businesses Need to Know about Annual Company Accounts
Although there are numerous benefits to registering a private limited company, one of the drawbacks is the requirement to prepare and submit Company Accounts every year. And there are penalties if the filings are late. Many small businesses and micro-entities feel...
read more
Accounting and Bookkeeping Essentials for Small Businesses and Freelancers
We have seen it too many times in our accountancy practice: Successful entrepreneurs, solopreneurs, freelancers, and small businesses who shiver and shake at the thought of looking into their accounting. It’s definitely recommended to have an accountant look through...
read more
Everything Small UK Businesses Need to Know About SEO
SEO has taken on almost mythical status in the minds of many. It is often considered the one-shot marketing solution to bring a business prosperity in this digital age. As e-commerce accountants, we see our fair share of UK SEO marketing budgets. But not only...
read more
How to Work Out the Most Profitable Business Idea
Regardless of what many supposed business gurus say, “following your passion” is not necessarily the greatest business advice out there. This isn’t to say you shouldn’t follow your passion. Ideally, we would all be doing what we love, to earn a living. But, when kids...
read more
COVID-19 Gives UK Contractors Breather on Draconian IR35 Reforms
If you’re a contractor for a medium- or large-sized company and have been dreading the upcoming IR35 reforms, scheduled for 6 April 2020, you can take a breather. The reform has been delayed for a year. A brief history of the ever-growing fishing net of...
read more
Top 10 tips for Contractor’s working inside IR35
Before understanding what exactly one requires to do being inside IR35, it is essential to know what IR35 is. Since it is a relatively new UK legislation, many UK companies find it challenging to understand the whole ruling as well as the key terms associated with it....
read more
The Importance of Accounting in The Healthcare Industry
The accounting department can be considered the backbone of any institution that has to deal with funds. Consequently, it plays a significant role in the healthcare industry, allowing it to work at its true potential. An accounting department is essential for any...
read more
How To Successfully Attract New Customers
Managing a business requires you to attract new customers all the time as its always risky to stay dependent on the existing one. There is no formal contract with the customers, and you can lose them anytime, even if they are loyal. So, it becomes essential for...
read more
How to win back lost customers
On the off chance that you know why you have lost customers, it's a lot simpler to win them back. Here are the top reasons why clients may quit working with you: They were charmed away by a contender promising better costs, better administration or some other...
read more
How to Change from a Sole Trader to a Limited Company
It’s common for many business owners, to begin trading as a sole trader rather than a limited company. Sometimes, working as a sole trader suits the business model of your new start-up. So, being a limited company never really crossed your mind. Generally, for...
read more
A guide to New Tax Year Changes on 6th April 2019
This new tax year ought to be an interesting one, as it looks likely that it will occur a few days after the UK crashes out of the EU at the end of March, which could have interesting economic effects just before everyone is heading off to do their personal tax...
read more
Making Tax Digital for VAT
From April 2019, if your taxable turnover exceeds the VAT threshold of £85,000, you need to keep your VAT business records digitally and submit your VAT return via compatible software. Here at Pearl Accountants, we work with many different systems which are great for...
read more
Used to be with KPMG Small Business Services? Choose Pearl Accountants!
Just a few days ago, The Business Desk reported that KPMG small business is closing down, leaving thousands of former KPMG small business clients with no small business services accountants to turn to. The company’s SBA Service, which launched only 5 years ago, will...
read more
Tips To Help Freelancers Manage Their Accounting Better
Freelancers have the opportunity to get contracts and work on them one after the other. This means their income level is dictated by their skills and talents, and not by one employer but by multiple clients. However, the influx of all this work has a downside since...
read more
9 Ways to Find Freelancing Work That Actually Pays Well
We have a lot of clients who are freelancers. For many years, we have specialised in delivering accounting services to freelancers. One of the most common complaints we hear from freelancers is that it’s difficult to find high-paying jobs. Difficult, yes, but not...
read more
How to Apply for the Self-Employment Income Support Scheme
The Self-Employment Income Support Scheme(SEISS) was officially opened for applications at 8 am on 13 May 2020. The scheme is yet another in a series of schemes released by Chancellor of the Exchequer Rishi Sunak in the last few months to assist businesses and...
read more
Freelancers: How to Stay Afloat during the COVID-19 Pandemic
It’s hard to tell which sector of business owners are hit the hardest during the multitudinous lockdowns going on in the world right now: Small freelancers, startups, contractors, large businesses? Each sector has its unique challenges and expenses which need to be...
read more
Freelancing as a second job what tax do I pay?
There are very few people out there who start to freelance full time and quit their regular jobs. In most cases, people take up freelancing as a side job while doing their daily job. Once they develop a firm footing in freelance work, only then they move it to full...
read more How To Successfully Attract New Customers
Managing a business requires you to attract new customers all the time as its always risky to stay dependent on the existing one. There is no formal contract with the customers, and you can lose them anytime, even if they are loyal. So, it becomes essential for...
read more
How To Deal With Painful Customers
Every entrepreneur has to face customers. How they handle the customers depends upon their communication and leadership skills. They might be good at handling all customers, but there are always customers who are just plain right rude and painful to interact...
read more How to win back lost customers
On the off chance that you know why you have lost customers, it's a lot simpler to win them back. Here are the top reasons why clients may quit working with you: They were charmed away by a contender promising better costs, better administration or some other...
read more A guide to New Tax Year Changes on 6th April 2019
This new tax year ought to be an interesting one, as it looks likely that it will occur a few days after the UK crashes out of the EU at the end of March, which could have interesting economic effects just before everyone is heading off to do their personal tax...
read more Essential Business Metrics Your Small Business Needs to Know to Succeed
Even the young entrepreneur operating a lemonade stand knows that, when sales are up, business is doing well, and when they’re down, more marketing is needed. This metric of sales and gross income are known almost instinctively by anyone starting a business. That’s...
read more Best Business Blogs for UK Businesses
A lot goes into starting and running a successful business in the UK. From having a great business idea to writing an excellent business plan, to keeping your accounting up to date, there’s a lot that UK SMEs need to know. It is vital for entrepreneurs and business...
read more QuickBooks Online Software Full Review for UK Businesses
What is QuickBooks online? QuickBooks is an accounting software developed by Intuit, a USA-based tech company specializing in financial software. QuickBooks was first a desktop application, operating locally on the premises. But, as has happened with most accounting...
read more The 3 Most Important Financial Statements: Everything You Need to Know
If you’ve ever tried to do your own accounting, you’ve no doubt run across the plethora of financial reports and statements that exist. But there are three financial statements which are more important than all others. They are: Profit & Loss StatementCash Flow...
read more What Is Equity? Every Finance Definition of Equity under the Sun!
Perhaps no word elicits more confusion in the financial world than “equity.” Although the dictionary has several specific meanings for the word, those meanings have changed and morphed. Equity means one thing in accounting, something different in the stock market, and...
read more Everything UK Small Businesses Need to Know about Annual Company Accounts
Although there are numerous benefits to registering a private limited company, one of the drawbacks is the requirement to prepare and submit Company Accounts every year. And there are penalties if the filings are late. Many small businesses and micro-entities feel...
read more Accounting and Bookkeeping Essentials for Small Businesses and Freelancers
We have seen it too many times in our accountancy practice: Successful entrepreneurs, solopreneurs, freelancers, and small businesses who shiver and shake at the thought of looking into their accounting. It’s definitely recommended to have an accountant look through...
read more Everything Small UK Businesses Need to Know About SEO
SEO has taken on almost mythical status in the minds of many. It is often considered the one-shot marketing solution to bring a business prosperity in this digital age. As e-commerce accountants, we see our fair share of UK SEO marketing budgets. But not only...
read more How to Work Out the Most Profitable Business Idea
Regardless of what many supposed business gurus say, “following your passion” is not necessarily the greatest business advice out there. This isn’t to say you shouldn’t follow your passion. Ideally, we would all be doing what we love, to earn a living. But, when kids...
read more Essential Business Metrics Your Small Business Needs to Know to Succeed
Even the young entrepreneur operating a lemonade stand knows that, when sales are up, business is doing well, and when they’re down, more marketing is needed. This metric of sales and gross income are known almost instinctively by anyone starting a business. That’s...
read more Best Business Blogs for UK Businesses
A lot goes into starting and running a successful business in the UK. From having a great business idea to writing an excellent business plan, to keeping your accounting up to date, there’s a lot that UK SMEs need to know. It is vital for entrepreneurs and business...
read more Accounting and Bookkeeping Essentials for Small Businesses and Freelancers
We have seen it too many times in our accountancy practice: Successful entrepreneurs, solopreneurs, freelancers, and small businesses who shiver and shake at the thought of looking into their accounting. It’s definitely recommended to have an accountant look through...
read more Everything Small UK Businesses Need to Know About SEO
SEO has taken on almost mythical status in the minds of many. It is often considered the one-shot marketing solution to bring a business prosperity in this digital age. As e-commerce accountants, we see our fair share of UK SEO marketing budgets. But not only...
read more How to Work Out the Most Profitable Business Idea
Regardless of what many supposed business gurus say, “following your passion” is not necessarily the greatest business advice out there. This isn’t to say you shouldn’t follow your passion. Ideally, we would all be doing what we love, to earn a living. But, when kids...
read more
Customer Experience Management: Your Business’s Secret Weapon
The surge in e-commerce after the COVID-19 lockdowns caused a flurry of activity for digital marketing businesses as they scrambled to let new and existing clients know the importance of User Experience (UX). Suddenly, A/B Testing became more than a nice-to-have, but...
read more
5 Best Online-Only UK Business Bank Accounts in 2021
Online-only bank accounts such as Revolut, Wise (previously TransferWise), and QuickBooks Cash are not traditional banks—they lack some of the brick-and-mortar traits such as an FSCS deposit guarantee, or even a phone service. But the staggering growth of these...
read more
How Does the New 130% Super-Deduction Scheme Work?
As part of the Chancellor’s Budget 2021 announcement, a new “super-deduction” capital allowance scheme was announced. This means that companies will be able to claim 130% capital allowances on qualifying plant and machinery investments purchased between 1 April 2021...
read more
Can I Start a Business in the UK If I Am a Non-resident?
There were over 670,000 new businesses incorporated in the UK in the tax year of 2018/19 (source). And that doesn’t include sole traders and freelancers! By March 2019, Companies House had over 4 million companies in the register. Companies House reports how many...
read more
