This article doesn’t need much introduction, does it?  Who doesn’t want to improve the finances of their business?  If you’re in business, regardless of your personal and business goals, you want to succeed.  Well, your finances have a lot to do with...

Value added tax – VAT.  The majority of things we purchase have VAT on them and, if you’re in business, charging, recording and paying VAT is something you’ll need to do. The current standard VAT rate in the UK is 20%, which is applicable to most goods and...

We’re 8 days into the new year, and quite a lot has happened already!  Here’s some interesting, and important, things you may want to know this week. New Government Support As we enter lockdown 3 Rishi Sunak, again, announced a new support package for businesses...

https://www.youtube.com/watch?v=w0nQV_pWty8&t=2s Why is cost benefit analysis important in business, and how does it help with decision making? Check out this video!

Coronavirus Job Retention Scheme (CRJS) In our last update we detailed the changes and extension of the CJRS – here’s a quick overview to recap: From 1st July flexible furlough is in place; employees can work hours at full pay, and still be furloughed for hours they...

Big company accounting for small businesses is a term we at Elite Accounting sometimes use when describing ourselves – this is what we provide. But, what the heck does that actually mean? Well, here are some practices medium, large and corporate companies do from an...

Outsourcing is the function of buying in outside expertise for a specific task or project that you don’t have the want, time or skillset in-house to do. There can be many benefits of outsourcing in business, here are a few of them: Efficiency improvementAccess to high...