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How to apply the triple bottom line framework in a small business
Successful management of cash flow is one of the most important jobs when running a business.
Positive cash flow means you can afford to pay bills and liabilities and have enough to continue trading for another month.
We can assist individuals and businesses with the preparation of:
A cash flow forecast is one of the most important management reports you will use in your business. It shows how cash is expected to flow in and out of your business and helps you identify shortages and how much investment your business may need as well as where there is excess to spend on extra resource.
Cash flow reports are key to understanding your business and planning for the future and are typically required by lenders when you want to borrow. Building a cash flow forecast is essential for any business.
To help you control your cash flow and protect your business, we have provided a dedicated cash flow management hub to provide you with a go-to area for all the information you need about cash flow management.
TaxAssist Accountants provides an accurate and comprehensive service specifically tailored to suit your business’ requirements.
Our experienced accountants can help you feel like you have all the essential information you need to make effective business decisions. We can help you by:
Directors can receive bonuses and these are often annual and tied to performance. Like a salary, bonuses are subject to income tax and National Insurance Contributions where applicable.
An employers' NIC bill must be paid each month or quarter depending on how you run your payroll. It is paid along with any PAYE tax due to HMRC. You can pay your employers NIC liability online, or you can make a bank transfer or pay by cheque. You must allow time for your payment to clear by the deadline of 22nd of the month.
If you are a director of a limited company, you can receive a salary, bonus and receive benefits. If you are also a shareholder you can be paid a dividends from post-tax profits. For more information on how to pay yourself from a company, including the balance of salary and dividend income and what will affect your decision in our guide to directors’ pay.
How to apply the triple bottom line framework in a small business
Why DIY accounting could be more expensive than you think
When should you switch accountants?
Arrange a free consultation in person or via video with your local accountant. It’s an informal chat to get to know you and find out more about the help
We clearly explain the support available to you and are happy to act as business advisors in order to help you grow your business.
Our fees are fixed and tailored specifically to each individual's needs, so that you only pay for the level of support and services that you require.
Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?
We specialise in supporting independent businesses and work with 100,000 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.
We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 409 locations, meet with us online through video call software, or talk to us by telephone.
Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.