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# Swan Saunders: Accountant and Business Coach

## Sitemaps
[XML Sitemap](https://swan-saunders.co.uk/sitemap_index.xml): Includes all crawlable and indexable pages.

## Posts
- [Has the Government’s 5% Summer VAT Scheme Been a Success for Small Businesses?](https://swan-saunders.co.uk/has-the-governments-5-summer-vat-scheme-been-a-success-for-small-businesses/): Was the Government’s 5% summer VAT scheme a welcome relief – and would you like to see it extended or brought back next year?
- [Monthly Tax Payments from 2029: What Sole Traders and Landlords Need to Know](https://swan-saunders.co.uk/monthly-tax-payments-from-2029-what-sole-traders-and-landlords-need-to-know/): If you’re self-employed, a landlord, or have additional income alongside a PAYE job, the way you pay your Self Assessment tax could look very different in the next few years.
- [Goodwill When Incorporating a Sole Trader into a Limited Company](https://swan-saunders.co.uk/goodwill-when-incorporating-a-sole-trader-into-a-limited-company/): Many business owners eventually reach the point where moving from a sole trader to a limited company makes sense. This could be for tax efficiency, protecting personal assets, or preparing the business for growth. During the incorporation process, one concept that often causes confusion is goodwill.
- [Gift Aid, How Much Can You Claim and What Are the Tax Implications?](https://swan-saunders.co.uk/gift-aid-how-much-can-you-claim-and-what-are-the-tax-implications/): Giving to charity is something many individuals and business owners do regularly, but there is often confusion around, Gift Aid, how much can be claimed, and whether there are any tax consequences.
- [Why Regular Check-Ins on Your Numbers Matter More Than You Think](https://swan-saunders.co.uk/why-a-quarterly-review-matters-more-than-you-think/): That’s why having a regular quarterly review on your numbers isn’t just a “nice to have.” It’s one of the smartest habits you can build into your business.
- [Growing Your Business? Stop Fixing the Printer.](https://swan-saunders.co.uk/growing-your-business-stop-fixing-the-printer/): When you first start to grow a small business, you do everything.
- [How to Improve Cash Flow in My Small Business: Essential Strategies](https://swan-saunders.co.uk/how-to-improve-cash-flow-in-my-small-business-essential-strategies/): Understanding how to improve cash flow helps a business not just survive but thrive. With better planning and smart decisions, small businesses can handle ups and downs with confidence and focus on growing their venture.
- [When a Second Mortgage on BTL is Not an Allowable Expense](https://swan-saunders.co.uk/when-a-second-mortgage-on-btl-is-not-an-allowable-expense/): Buy-to-let (B2L) mortgages taken out in an individual’s name are different from those held by a limited company. When a property owner has a second charge mortgage released against a buy-to-let property owned through a limited company, the mortgage is tied to the company, not the individual. This means the borrower cannot claim the mortgage interest or repayments as a personal expense on their tax return.
- [New Legal Requirements for Company Directors](https://swan-saunders.co.uk/new-legal-requirements-for-company-directors/): UK company law is changing in a big way. Starting 18 November 2025, all company directors and people with significant control must verify their identity with Companies House under new legal requirements.
- [Summer Parties and Spend Allowance](https://swan-saunders.co.uk/summer-parties-and-spend-allowance/): Many small businesses use summer parties to celebrate achievements and boost team spirit. These events can also offer financial benefits thanks to a tax relief scheme that allows companies to claim back some costs. If the event is held annually and the cost per head does not go over £150, the expenses can be written off without creating personal tax for employees.
- [Staff Bonuses How They Work Small Business Practical Guide to Motivate and Retain Employees](https://swan-saunders.co.uk/staff-bonuses-how-they-work/): Staff bonuses are extra payments given to employees in addition to their regular wages. They can be based on company profits, individual performance, or special events like the end of the year. Bonuses are not legally required but can be a useful way for small businesses to motivate and reward their team.
- [Client Case Study: Clair Abrey – Sterling Virtual Assistant Services](https://swan-saunders.co.uk/sterling-virtual-assistant/): At the tail end of 2024, Clair Abrey, the founder of Sterling Virtual Assistant Services, reached out to us with a sense of frustration that many small business owners may relate to. She was feeling let down by her previous accountant, who provided very little in the way of support or clarity when it came to her business finances. Each year, Clair would receive her accounts with no explanation or context, just a tax bill, often landing in her inbox around January, giving her little time to prepare or plan.
- [Choosing the right accounting software](https://swan-saunders.co.uk/choosing-the-right-accounting-software/): Choosing the right accounting software can save businesses time and reduce errors in managing finances. QuickBooks, Xero, Sage, and Dext each offer different features that suit various business needs. QuickBooks is known for its wide range of tools and strong reporting capabilities, while Xero stands out for its user-friendly design and seamless integrations.
- [Step by step process to change a limited company name](https://swan-saunders.co.uk/step-by-step-process-to-change-a-limited-company-namea-company-name/): Changing a limited company name in the UK is a common step for businesses looking to rebrand or move in a new direction. To change a limited company name, you must file the name change with Companies House and pay a small fee. This is usually done online, and after approval, Companies House will issue a new certificate of incorporation showing the updated company name.
- [Employers NI Rates in 2025](https://swan-saunders.co.uk/employers-ni-rates-in-2025/): In the 2025 tax year, employers will face increased National Insurance rates that will significantly affect their financial planning. This rise from 13.8% to 15% will increase staffing costs for many businesses, making budgeting more complex. Small businesses, in particular, may feel the pinch as they strive to maintain profitability while adapting to these changes.
- [Dan Lane Engineering Ltd – Streamlining Finances for Success](https://swan-saunders.co.uk/dan-lane-engineering/): Dan Lane Engineering Ltd is a growing business specialising in precision engineering. Dan Lane, the owner, was struggling with his previous accountant, finding it difficult to get timely responses and the support he needed. Frustrated with the lack of communication, Dan sought a more proactive and reliable financial partner. Through a recommendation from one of our referral partners, he reached out to us for assistance.
- [Making Tax Digital 2026 what it means to you.](https://swan-saunders.co.uk/making-tax-digital-2026-what-it-means-to-you/): Clients must prepare for the upcoming Making Tax Digital (MTD) changes that come into effect in April 2026. Getting ready involves understanding new reporting requirements and adopting digital tools to ensure accurate income reporting from self-employment and property. As clients transition to this new system, they must identify the essential steps to comply, which will help them avoid potential penalties and make the process easier.
- [Self employed and Maternity pay 3 key points](https://swan-saunders.co.uk/self-employed-and-maternity-pay-3-key-points/): Being self-employed in the UK raises questions about maternity pay rights. Self-employed individuals can claim Maternity Allowance, which is available for up to 39 weeks if they meet specific eligibility criteria. This financial support can provide crucial assistance during a significant life change, helping to ease the transition into parenthood.
- [Tax Deadlines in 2025](https://swan-saunders.co.uk/tax-deadlines-in-2025/): Tax season can be overwhelming, especially with so many important dates to remember. Knowing the key tax deadlines for 2025 will help individuals and businesses plan their finances effectively. By staying organised and informed, taxpayers can avoid unnecessary penalties and ensure compliance with all financial obligations.
- [Do You Have a Business Plan for 2025?](https://swan-saunders.co.uk/do-you-have-a-business-plan-for-2025/): Many business owners may overlook the importance of a solid business plan for the upcoming year. Having a clear business plan for 2025 can set the foundation for success and help navigate challenges. By engaging in twelve-month planning and quarterly coaching sessions, Swan Saunders can offer the guidance needed to make informed decisions and optimise business performance.
- [Removal of the Double Cab Pick Up Truck Tax Break](https://swan-saunders.co.uk/removal-of-the-double-cab-pick-up-truck-tax-break/): The recent decision to remove the tax break for double cab pickup trucks will have a significant impact on tradespeople across the UK. Many tradespeople who rely on these vehicles for their work might face increased costs and changes in how their vehicles are taxed. As double cab pickups shift from being classified as commercial vehicles to cars, this reclassification alters the financial landscape for those in construction, plumbing, and other hands-on trades.
- [Autumn Statement 2024](https://swan-saunders.co.uk/autumn-statement-2024/): The Autumn Statement 2024 has been released, revealing essential information for small businesses across the UK. This budget aims to provide crucial support and relief measures that could reshape the economic landscape for these enterprises. As business owners seek to navigate challenges, understanding the implications of this statement is vital for strategic planning and growth.
- [If a Supplier Goes VAT Registered in the UK](https://swan-saunders.co.uk/if-a-supplier-goes-vat-registered-in-the-uk/): When a supplier in the UK becomes VAT registered and issues backdated VAT invoices, it raises important questions for businesses. A business can typically reclaim VAT for up to four years from the date of the supply, provided they have valid invoices and meet the necessary conditions. This timeframe can significantly impact cash flow and financial planning for affected companies.
- [Postponed import VAT statement explained](https://swan-saunders.co.uk/postponed-import-vat-statement-explained/): Next, they should confirm they can use the Postponed VAT Accounting scheme, which can be done by checking guidelines on the official government website. Once everything is in order, businesses will automatically receive a postponed import VAT statement each month, reflecting their import activities.
- [HMRC Making Tax Digital](https://swan-saunders.co.uk/hmrc-making-tax-digital/): Making Tax Digital (MTD) is changing the way individuals and businesses manage their taxes in the UK. By April 2026, many self-employed individuals and landlords will need to comply with new digital requirements for filing their income tax returns. This shift is intended to streamline the tax process and reduce errors, making it easier for everyone involved.
- [6 ways to increase sales](https://swan-saunders.co.uk/6-ways-to-increase-sales/): Making it easy for clients to buy services and products is crucial for business success. A seamless purchase process leads to higher customer satisfaction and increase sales. If clients find it challenging to navigate through options or complete transactions, they may abandon their purchases and seek alternatives.
- [Deadline for Income Tax Return](https://swan-saunders.co.uk/deadline-for-income-tax-return/): The filing deadline for income tax return is crucial for anyone earning an income. Taxpayers must submit their online tax return before midnight on 31 January each year. Missing this deadline can lead to significant penalties and stress. Understanding and preparing for this date will ensure a smoother process and avoid potential issues.
- [Endeavour Transformations](https://swan-saunders.co.uk/endeavour-transformations/): Dan Chater has been a loyal client of ours for several years. He started as a sole trader and made the leap to a limited company in 2019. Dan’s business, Endeavour Transformations, based near the charming market town of Bungay on the Norfolk/Suffolk border, has been thriving, supported by our comprehensive accounting services.
- [HMRC Side Hustle Tax](https://swan-saunders.co.uk/hmrc-side-hustle-tax/): The gig economy is on the rise, with more and more people turning to side hustles to supplement their income. However, with this comes the need to understand HMRC tax on side hustle obligations and the implications for those with a additional side incomes. Failure to comply with HMRC tax rules can result in penalties and fines, making it essential for side hustlers to understand their tax obligations.
- [Business Overwhelm and what you can do about it](https://swan-saunders.co.uk/business-overwhelm-and-what-you-can-do-about-it/): It's easy to get distracted by the noise generated by competitors. The constant pressures to grow and move forward can be overwhelming for any individual or business. However, it's crucial to remember that success doesn't always mean setting the world alight. Sometimes, it's about carving your own slice of the pie at a pace that feels comfortable and sustainable for you.
- [Will the Labour party Reduce Tax](https://swan-saunders.co.uk/will-the-labour-party-reduce-taxreduce-tax/): Many people are wondering if the Labour party will reduce taxes. The Labour Party has made clear that they will not increase income tax rates, National Insurance, or VAT. This is a significant assurance for taxpayers who are concerned about potential hikes.
- [6 reasons why you need an accountant for your limited company](https://swan-saunders.co.uk/6-reasons-why-you-need-an-accountant-for-your-limited-company/): Running a limited company comes with a variety of responsibilities and complexities. One might wonder if hiring an accountant is necessary to manage these tasks efficiently. While it is not legally required to have an accountant for a limited company in the UK, their expertise can be invaluable in handling financial matters.
- [S455 Tax Explained](https://swan-saunders.co.uk/s455-tax-explained/): S455 tax is a crucial aspect to understand for company directors who might borrow money from their businesses. This tax, imposed by the UK government, affects close companies and their participators when loans or advances are made to them. By comprehending the concept and implications of S455 tax, directors can make informed decisions and navigate potential financial complications.
- [Crabb & Fox Mobile Bar Case Study](https://swan-saunders.co.uk/crabb-and-fox-case-study/): Crabb and Fox Mobile Bar, led by Stuart Crabb, sent us a simple email that sparked a conversation shaping their future. Right off the bat, we knew it was important to grasp Stuart's business goals inside out. So, we delved in to make sure we understood where the business was and where it wanted to go. This set the stage for a collaborative partnership to help this ambitious bar business.
- [Basis Period Reform 2023/24](https://swan-saunders.co.uk/basis-period-reform-2023-24/): In recent times, tax legislation in the United Kingdom has undergone significant changes, with the basis period reform being a prominent development. The reform seeks to align the basis period for income tax with the tax year, thus affecting how businesses, specifically the self-employed and partnerships, report their income for tax purposes. This alignment means that instead of calculating tax liability on profits of the accounting year, taxpayers will determine tax due based on profits that arise in the actual tax year.
- [Ember Solutions (EA) Ltd Case Study](https://swan-saunders.co.uk/ember-solutions-case-study/): Jonathan Sommerfield, a carpenter facing the crossroads of redundancy, decided it was time to change course and start a new chapter. Armed with ambition and a spark of entrepreneurial spirit, he embarked on a journey to establish Ember Solutions (EA) Ltd. After speaking to a friend, Swan Saunders was recommended to him to help bring his new venture to life.
- [Company Bonus or Dividend in 24/25](https://swan-saunders.co.uk/company-bonus-or-dividend-in-24-25/): Small business owners may face a dilemma when it comes to deciding whether to draw a company bonus or dividend from their company. While bonuses are subject to income tax and National Insurance, dividends are taxed at a lower rate and are not subject to National Insurance contributions. This makes them an attractive option for business owners who want to extract profits from their company in a tax-efficient way.
- [3 Things to Know About the New VAT Threshold of £90k](https://swan-saunders.co.uk/3-things-to-know-about-the-new-vat-threshold-of-90k/): The landscape of Value Added Tax (VAT) in the UK has undergone a significant update effective from 1 April 2024. After several years of the VAT registration and deregistration thresholds remaining unchanged, businesses must now adapt to a new turning point for tax obligations. In a move to assist small businesses and sole traders, the Chancellor has announced an increase in the VAT registration threshold from a taxable turnover of £85,000 to £90,000. This increase serves as a measure to ease the administrative burden on smaller enterprises and aligns with the government's continued commitment to support the small business sector.
- [5 Tips for Setting Up a New Limited Company](https://swan-saunders.co.uk/5-tips-for-setting-up-a-new-limited-company/): Establishing a new limited company is a significant step in the entrepreneurial journey, imbued with both excitement and responsibility. A limited company is an organisation that is legally separate from the individuals who run it, has separate finances from your personal ones, and is an entity in its own right. This structure can offer numerous benefits, such as limited liability for shareholders and potential tax advantages. Yet, setting up such a company requires careful planning and an understanding of the legal obligations that come with company formation.
- [10 Business Expenses You Can Claim](https://swan-saunders.co.uk/10-business-expenses-you-can-claim/): Running a small business involves numerous expenses, and it's crucial to understand which of these can be claimed to reduce tax liabilities. The following are some of the essential business expenses that they can typically claim.
- [Top 5 Trivial Benefits](https://swan-saunders.co.uk/top-5-trivial-benefits/): Trivial benefits are a little-known advantage in the UK that can provide both employers and employees with tax-efficient perks. These small, non-cash benefits are not only a way for businesses to express appreciation to their staff but also create a positive company culture without incurring additional tax liabilities. Provided they meet certain conditions set out by HMRC, trivial benefits offer a unique way to reward employees.
- [Why businesses exist](https://swan-saunders.co.uk/why-businesses-exist/): Diving into the very essence of why businesses exist, particularly within the realm of small enterprises, it's imperative to acknowledge the fundamental role they play in both the marketplace and the community at large.
- [4 sections of a profit and loss explained](https://swan-saunders.co.uk/4-sections-of-a-profit-and-loss-explained/): Profit and loss explained. Today, we're diving into the exciting world of profit and loss – the financial heartbeat of your business. Don't let the fancy terms scare you; we're breaking it down in plain English so that you'll be the captain of your financial ship in no time. So, grab your favourite snack and let's embark on this informative journey together.
- [How to Do Small Business Accounts in 2024](https://swan-saunders.co.uk/how-to-do-small-business-accounts-in-2024/): Managing small business accounts can be one of the most daunting aspects of running a small business, but it is a fundamental element that can't be ignored. From legal compliance to financial health, keeping accurate and organised records is crucial. A thorough understanding of how to navigate the accounting process can save small business owners not only time but also potential legal headaches. This guide aims to provide a comprehensive overview of the procedures for maintaining small business accounts effectively, ensuring compliance and peace of mind.
- [What 5 things should be on a VAT invoice?](https://swan-saunders.co.uk/what-5-things-should-be-on-a-vat-invoice/): Whether you’re selling or buying, it’s important to make sure that any VAT invoices you issue or receive comply with the strict VAT regulations.
- [6 FAQ’s buisness car leasing](https://swan-saunders.co.uk/6-faqs-buisness-car-leasing/): The method of acquiring a business car lease can have various implications on finances and operations. When a business opts for car leasing, it is essentially renting the vehicle for a set period while paying a fixed monthly fee. This approach can lead to predictable budgeting and less upfront financial burden compared to immediate ownership.
- [Payments on Account for Tax](https://swan-saunders.co.uk/payments-on-account-for-tax/): Payments on account are an integral part of the UK's self-assessment tax system, designed for individuals who are self-employed or have significant sources of untaxed income. This method involves making advance payments towards the next tax year's bill, based on the previous year's tax liability. It's a mechanism intended to help taxpayers manage their tax bill by spreading the cost over two instalments throughout the year, reducing the burden of a single, large payment.
- [Plain English guide to cashflow 2024](https://swan-saunders.co.uk/plain-english-guide-to-cashflow-2024/): Cashflow might sound like a financial buzzword, but it's simply the lifeblood of your financial world. In this plain English guide, we'll unravel the mystery behind cash flow, why it's crucial for individuals and businesses, and how you can manage it effectively to keep your financial ship sailing smoothly.
- [6 Business Banking Account Insights for SMEs](https://swan-saunders.co.uk/6-business-banking-account-insights-for-smes/): Choosing the ideal business bank account is a decision that holds significant weight for small business owners because each account offers distinct features, ranging from simple transactions to comprehensive tools for invoicing, payroll management and tax preparation. While the requirements of a business may evolve, beginning with the right financial foundation is crucial for efficiency and growth. With a myriad of options available, from established high street banks to innovative challenger banks, navigating the landscape of business banking demands a keen understanding of your business's needs and the services that banks are offering.
- [Plain English guide to depreciation](https://swan-saunders.co.uk/plain-english-guide-to-depreciation/): Depreciation might sound like a complex financial term, but fear not! In this straightforward guide, we'll demystify depreciation, breaking it down into simple concepts. By the end, you'll have a clear understanding of what it is, why it matters, and how it can benefit you or your business.
- [3 Key takeaways of the VAT reverse charge](https://swan-saunders.co.uk/3-key-takeaways-of-the-vat-reverse-charge/): The VAT reverse charge is a significant alteration to the way VAT is collected within certain industries in the UK. This change shifts the obligation from the supplier to the customer, who must account for the VAT on applicable transactions. Initiated on 1 March 2021, the measure specifically targets the construction industry and is part of a broader strategy to combat VAT fraud. Businesses operating within the Construction Industry Scheme (CIS) are primarily affected, requiring them to adapt their accounting processes to comply with the new legislation.
- [Setting goals for your business in 2024](https://swan-saunders.co.uk/setting-goals-for-your-business/): As the new year unfolds, small businesses setting goals across the globe are presented with an opportunity to redefine their targets and aspirations. Strategically setting goals for 2024 is an essential exercise that allows businesses to align their vision with actionable steps.
- [10 Things All Small Business Start-Ups Need](https://swan-saunders.co.uk/10-things-all-small-business-start-ups-need/): Starting a new business in the UK is an exciting venture, one that requires meticulous planning and a solid foundation of knowledge to ensure success. The landscape of small business start-ups is dynamic and full of potential, yet it is also governed by a set of essential requirements that entrepreneurs must adhere to. From creating a well-structured business plan to understanding the legalities of running a business, each element plays a crucial role in the smooth operation and growth of a start-up.
- [Navigating Taxes on Your Side Hustles: What You Need to Know](https://swan-saunders.co.uk/navigating-taxes-on-your-side-hustles-what-you-need-to-know/): Do you have one or more side hustles that brings in extra income, perhaps through platforms like Etsy? With the new tax rules due to take effect from the 6th April 2024 It's essential to be aware of recent changes in tax regulations, ensuring you stay on the right side of the law. Here's a quick guide on navigating taxes on your side hustles to help you understand your responsibilities.
- [Spreading your January self-assessment payment](https://swan-saunders.co.uk/spreading-your-january-self-assessment-payment/): So it’s no surprise that many owners, directors and self-employed individuals are concerned about having enough funds to pay their self-assessment income tax bill.
- [5 essential tips becoming a company director](https://swan-saunders.co.uk/5-essential-tips-becoming-a-company-director/): A company director plays a crucial role in the success and compliance of small businesses. They are tasked with the ultimate responsibility for the company's management and administration, holding a position of trust and authority. It is imperative for directors to understand their legal and ethical obligations to ensure the sustainable operation and governance of the business. These responsibilities range from strategic decision-making to the oversight of company finances and ensuring compliance with laws and regulations.
- [How the increased minimum wage will affect your business costs](https://swan-saunders.co.uk/how-the-increased-minimum-wage-will-affect-your-business-costs/): The rise in the National Living Wage and the National Minimum Wage (NMW) recommended by the Low Pay Commission was accepted by the Governmentk in November 2023. This increase means that the NLW rises by 9.8% to £11.44 from 1 April 2024.
- [Christmas cashflow for your small business](https://swan-saunders.co.uk/christmas-cashflow-for-your-small-business/): As the Christmas season approaches, small businesses often face unique challenges that can impact their cashflow. While everyone is gearing up for a well-deserved break, it's crucial for business owners to plan and ensure financial stability during this period.
- [Will a business budget will help with your financial decision making](https://swan-saunders.co.uk/will-a-business-budget-will-help-with-your-financial-decision-making/): A Business budget is crucial for small businesses as they provide a roadmap for financial success. They offer a clear framework for managing expenses, optimising resource allocation, and achieving strategic goals. In a small business, where resources are often limited, effective budgeting ensures financial discipline, helps in identifying areas for cost savings, and facilitates better decision-making. Moreover, budgets act as a safeguard against unforeseen challenges, providing stability and resilience. Small businesses that prioritise budgeting are better positioned to navigate uncertainties, seize opportunities, and build a foundation for long-term growth and success..
- [6 things to consider when employing someone](https://swan-saunders.co.uk/6-things-to-consider-when-employing-someone/): Employing someone in the UK encompasses a wide range of considerations, from legal requirements to the cost implications for businesses. Employers must navigate through the complexities of employment law, ensuring compliance with national regulations such as the National Living Wage and employment contracts. Furthermore, the financial aspects of hiring staff are significant, and can include salaries, taxes, and benefits, which are all pivotal to both the company’s budget and the welfare of its employees.
- [Decoding Payments on Account: Navigating UK Tax Responsibilities](https://swan-saunders.co.uk/decoding-payments-on-account-navigating-uk-tax-responsibilities/): The concept of making payments on account is an integral part of the tax landscape. This system ensures that taxpayers contribute towards their upcoming tax liabilities in a structured manner. In this blog, we will explore why individuals in the UK are required to make payments on account for their taxes.
- [Introducing our Value Gap Analysis Report](https://swan-saunders.co.uk/introducing-our-value-gap-analysis-report/): We’re looking forward to working with you to create your Value Gap Report and ensure your financial position is improving year on year.
- [The Autumn Statement 2023 – Key Points](https://swan-saunders.co.uk/the-autumn-statement-2023-key-points/): The 2023 Autumn Statement was presented against a background of inflation falling from recent peaks. Annual inflation for the last quarter of 2023 is now expected to be 4.8%, against a previously anticipated 2.9%. With recent large price increases now baked in, the government’s 2% target is now forecast to be hit in the first half of 2025, a year later than previously thought.
- [Company year-end preparations: time to get ready](https://swan-saunders.co.uk/company-year-end-preparations-time-to-get-ready/): As your company year-end date gets closer, there are a number of administrative and financial tasks to start planning for – so it’s a good idea to get yourself organised and ready.
- [Writing a business plan? Read our guide](https://swan-saunders.co.uk/writing-a-business-plan-read-our-guide/): Your business plan is the sat-nav that keeps the company moving in the right direction.
- [Unlocking the Benefits of Business Asset Disposal Relief](https://swan-saunders.co.uk/unlocking-the-benefits-of-business-asset-disposal-relief/): When it comes to running a successful business, managing your assets effectively is key. This includes acquiring, maintaining, and sometimes, disposing of assets. The process of getting rid of assets you no longer need might seem straightforward, but it can have a significant impact on your business's finances and tax liabilities. This is where Business Asset Disposal Relief (BADR), formerly known as Entrepreneurs' Relief, comes into play.
- [Have you considered outsourcing](https://swan-saunders.co.uk/have-you-considered-outsourcing/): Running a business can be incredibly challenging and simplifying your operations by outsourcing tasks can be a smart move.
- [HMRC Tax Rule Changes: Impact on Side Hustles in the UK](https://swan-saunders.co.uk/hmrc-tax-rule-changes-impact-on-side-hustles-in-the-uk/): In an ever-evolving economic landscape, the rise of side hustles and freelancing has become a common way for individuals to supplement their income and pursue their passions. However, with this growing trend comes the need for tax regulations that adapt to the changing workforce.
- [Our Business Planning Service](https://swan-saunders.co.uk/our-business-planning-service/): It’s essential to take time out from the day-to-day activities in your business to focus on your business; setting goals and establishing strategies to unlock your business potential. At the end of the session, you’ll have a one page Business Plan to act as a guide map to ensure you’re on course for success.
- [What working from home expenses are deductible for your business?](https://swan-saunders.co.uk/what-working-from-home-expenses-are-deductible-for-your-business/): With greater use of working from home now the norm for many UK businesses, it’s important to think about the deductible expenses that you may be able to claim when working from a home office.
- [What makes you a good entrepreneur?](https://swan-saunders.co.uk/what-makes-you-a-good-entrepreneur/): Do you dream about starting our own business? And, can anyone become an entrepreneur?
- [How can small businesses compete with the big chains?](https://swan-saunders.co.uk/how-can-small-businesses-compete-with-the-big-chains/): In tough economic times, small businesses can struggle. Big multinational chains often have the scale to undercut local competitors and survive even when times get tough.
- [Want to spend more time doing what you love?](https://swan-saunders.co.uk/want-to-spend-more-time-doing-what-you-love/): That was probably a drawcard when you started out. Chances are, you planned to spend less time in your business and more time with your friends and family. Then reality kicked in and you found yourself coming in earlier, staying later, and taking work home with you on the weekend. This probably wasn’t the life you'd imagined.
- [Are you pursuing a trade, or following a hobby?](https://swan-saunders.co.uk/are-you-pursuing-a-trade-or-following-a-hobby/): Many of us have hobbies that are dear to our heart, whether it’s playing guitar, building a giant model train system or knitting copious numbers of jumpers for our family.
- [Requesting payment of overdue accounts in an economic slowdown](https://swan-saunders.co.uk/requesting-payment-of-overdue-accounts-in-an-economic-slowdown/): Cash has always been king but it’s even more important during times of economic slowdown. The slower the economy, the less cash is available in businesses, and the more likely it will be for some customers to be unable to pay.
- [Understanding your working capital to maintain business success](https://swan-saunders.co.uk/understanding-your-working-capital-to-maintain-business-success/): If cashflow is the lifeblood of your business, then working capital is the health check you should regularly undertake to keep your business alive. Regularly checking working capital will play an essential part in maintaining business success during these times of greater economic insecurity.
- [Our Proactive Accounting Meeting](https://swan-saunders.co.uk/our-proactive-accounting-meeting/): It’s important to spend time working on your business, not just in it. Taking time out to discuss what’s happening in your business will provide clarity of your future direction.
- [Your Q3 2023 deadlines for the diary](https://swan-saunders.co.uk/your-q3-2023-deadlines-for-the-diary/): We’re always here to keep you up to date with the latest accounting, tax and compliance deadlines. Here are the forthcoming deadlines and cut-off points for Q3 of 2023 to add to your diary.
- [5 challenges for small business owners](https://swan-saunders.co.uk/5-challenges-for-small-business-owners/): Founding, building, and growing your own small business is a hugely rewarding experience for many entrepreneurs. But the road ahead isn't always smooth.
- [Targeting a specific audience with your product](https://swan-saunders.co.uk/targeting-a-specific-audience-with-your-product/): A business has to solve a need for an existing audience. If you don't know who that customer is, or what your business can offer them, it may be difficult to get your business off the ground.
- [Why you must set SMART goals](https://swan-saunders.co.uk/why-you-must-set-smart-goals/): You’ve probably heard of SMART goals and, spoiler alert, they’re not rocket science… but they do work.
- [What do you want from your business?](https://swan-saunders.co.uk/what-do-you-want-from-your-business/): When you started your business, you probably dreamed about flexible hours and highly profitable, stimulating work.
- [Regain control of your business with the three essential tools](https://swan-saunders.co.uk/regain-control-of-your-business-with-the-three-essential-tools/): Business owners often feel like they're not in control of their business. The number of hours they're working starts creeping up, they start experiencing more stress, and it starts affecting their personal life.
- [Back to Tax Basics: Director taxes](https://swan-saunders.co.uk/back-to-tax-basics-director-taxes/): When you set up a new company, there are certain business taxes you’ll be liable for as a business. But have you also planned for the personal taxes you must pay as a director?
- [What is Making Tax Digital for Income Tax Self Assessment?](https://swan-saunders.co.uk/what-is-making-tax-digital-for-income-tax-self-assessment/): Making Tax Digital is changing how we submit tax returns. And with Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) coming into force from April 2026, it’s time to start planning how you’ll meet the compliance requirements for MTD for ITSA.
- [Five ways to build resilience](https://swan-saunders.co.uk/five-ways-to-build-resilience/): Economies are in a perpetual heating and cooling cycle, with all phases providing opportunities to better serve your customers and thrive in your business.
- [Business borrowing](https://swan-saunders.co.uk/business-borrowing/): So, businesses are being squeezed in the middle of these rising costs and many are taking out business loans to cover their outgoings in the short, and sometimes even longer term. The latest official figures from the BoE show that net business borrowing by UK non-financial businesses in March was £2.5 billion in bank and building society loans, including overdrafts.
- [Do you need to improve the cash flow position for your business?](https://swan-saunders.co.uk/do-you-need-to-improve-the-cash-flow-position-for-your-business/): Turning a profit is at the heart of running any successful company - But without cash flow, you can't run your day-to-day operations or grow the business. Talk to us about how you can increase cash flow in your business. #businessadvice #cashflow
- [What business taxes will your company need to pay?](https://swan-saunders.co.uk/what-business-taxes-will-your-company-need-to-pay/): Are you in the dark when it comes to business taxes? We’ve got the lowdown on the key taxes your new business will need to pay – so you’re on top of your tax liabilities. #tax #accounting #businesstips
- [Our Annual Accounts Review service](https://swan-saunders.co.uk/our-annual-accounts-review-service/): We'll book you in for an Annual Accounts Review Meeting as soon as your Annual Accounts have been drafted.
- [HMRC’s VAT registration helpline closed](https://swan-saunders.co.uk/hmrcs-vat-registration-helpline-closed/): HMRC’s VAT Registration Helpline has closed. So, how do you get an answer to your VAT application query? We’ve summarised the main ways to contact HMRC’s VAT specialists. #tax #accounting #VAT #VATregistration
- [The seventh cause of poor cashflow – Sales levels are too low](https://swan-saunders.co.uk/the-seventh-cause-of-poor-cashflow-sales-levels-are-too-low/): It might sound obvious, but it isn’t to many businesses. If current sales levels don’t support the overheads and other cash demands on the business, then your overdraft will keep increasing.
- [The sixth cause of poor cashflow – Overheads are too high](https://swan-saunders.co.uk/the-sixth-cause-of-poor-cashflow-overheads-are-too-high/): Best practice for keeping control over spending is to set budgets and monitor them monthly. Talk to us about the best way to do that. We can show you the impact reducing your overheads can have on your cashflow.
- [The fifth cause of poor cashflow – Gross profit margins are too low](https://swan-saunders.co.uk/the-fifth-cause-of-poor-cashflow-gross-profit-margins-are-too-low/): We can help you to determine the best strategies to lift your margins. We can then run your figures through our Cashflow & Profit Improvement Calculator to show you the impact of seemingly small changes.
- [The fourth cause of poor cashflow – Your debt or capital structure](https://swan-saunders.co.uk/the-fourth-cause-of-poor-cashflow-your-debt-or-capital-structure/): Often a reduction in interest charges as well as significant cashflow improvements can be achieved with a regular review of existing debt.
- [The third cause of poor cashflow – Your stock turn](https://swan-saunders.co.uk/the-third-cause-of-poor-cashflow-your-stock-turn/): These are just some of the ways to improve your stock turn. If you think your stock levels might be stifling cashflow in your business, make a time to see us.
- [The second cause of poor cashflow – Your accounts payable process](https://swan-saunders.co.uk/the-second-cause-of-poor-cashflow-your-accounts-payable-process/): The second cause of poor cashflow relates to when and how money is spent in your business, and includes your Terms of Trade with suppliers.
- [The first cause of poor cashflow – Your cash lockup](https://swan-saunders.co.uk/the-first-cause-of-poor-cashflow-your-cash-lockup/): There’s a massive difference between profit and cashflow. Profit increases when you create an invoice for work you’ve done or goods you’ve sold; cash increases when you bank the money.
- [Cashflow freedom – The 7 causes of poor cashflow](https://swan-saunders.co.uk/cashflow-freedom-the-7-causes-of-poor-cashflow/): Cash is the lifeblood of any business. Even profitable businesses can and do fail because of poor cashflow.
- [Don’t neglect your Balance Sheet](https://swan-saunders.co.uk/dont-neglect-your-balance-sheet/): Business owners tend to focus on increasing profit and driving down costs. While this is important, don't neglect your Balance Sheet. Profitable businesses can and do go broke; your Balance Sheet is a key indicator of how solvent your business is.

## Pages
- [Martin Reynolds – IconicWeb](https://swan-saunders.co.uk/case-studies/martin-reynolds-iconicweb/): Running a growing business can be both exciting and challenging. For many business owners, having a trusted advisor who understands the pressures of growth can make a significant difference.
- [Sitemap](https://swan-saunders.co.uk/sitemap/): Sitemap
- [Accountants in Norwich](https://swan-saunders.co.uk/accountants-in-norwich/): Swan Saunders operates an office at Oak Lodge Business Centre, located in the picturesque village of Little Melton near Norwich, which provides an ideal setting for businesses seeking a tranquil yet accessible location.
- [Accountants in Lowestoft](https://swan-saunders.co.uk/accountants-in-lowestoft/): Swan Saunders is located at the Riverside Business Centre, housed in the historic site of the old canning cooperative factory in Lowestoft. This centre is a pivotal hub for the local business community, providing a modern and accessible space for various enterprises. The Riverside Business Centre offers a vibrant environment where businesses can thrive, benefiting from its strategic location and rich industrial heritage
- [How we helped a local tattoo studio](https://swan-saunders.co.uk/case-studies/how-we-helped-a-local-tattoo-studio/): With a growing business, Amy Grant, owner of Deerheart Collective tattoo studio, was looking for additional business support to help take her ambitious artistic venture to the next level.
- [Ember Solutions (EA) Ltd](https://swan-saunders.co.uk/case-studies/ember-solutions/): Jonathan Sommerfield, a carpenter facing the crossroads of redundancy, decided it was time to change course and start a new chapter. Armed with ambition and a spark of entrepreneurial spirit, he embarked on a journey to establish Ember Solutions (EA) Ltd. After speaking to a friend, Swan Saunders was recommended to him to help bring his new venture to life.
- [Crabb & Fox Mobile Bar](https://swan-saunders.co.uk/case-studies/crabb-fox-mobile-bar/): Crabb and Fox Mobile Bar, led by Stuart Crabb, sent us a simple email that sparked a conversation shaping their future. Right off the bat, we knew it was important to grasp Stuart’s business goals inside out. So, we delved in to make sure we understood where the business was and where it wanted to go. This set the stage for a collaborative partnership to help this ambitious bar business.
- [Endeavour Transformations](https://swan-saunders.co.uk/case-studies/endeavour-transformations/): Dan Chater has been a loyal client of ours for several years. He started as a sole trader and made the leap to a limited company in 2019. Dan’s business, Endeavour Transformations, based near the charming market town of Bungay on the Norfolk/Suffolk border, has been thriving, supported by our comprehensive accounting services.
- [Dan Lane Engineering Ltd](https://swan-saunders.co.uk/case-studies/dan-lane-engineering/): Dan Lane, the owner, was struggling with his previous accountant, finding it difficult to get timely responses and the support he needed.
- [Jamie Carter Films Testimonial](https://swan-saunders.co.uk/case-studies/jamie-carter-films-testimonial/): A lovely testimonial from Jamie Carter at East Anglia business Jamie Carter Films Ltd. Jamie has an impressive list of people he has worked with, including Ed Sheeran, Michael Buble, Coldplay and Ellie Goulding.
- [Clair Abrey – Sterling Virtual Assistant Services](https://swan-saunders.co.uk/case-studies/sterling-virtual-assistant/): At the tail end of 2024, Clair Abrey, the founder of Sterling Virtual Assistant Services, reached out to us with a sense of frustration that many small business owners may relate to. She was feeling let down by her previous accountant, who provided very little in the way of support or clarity when it came to her business finances.
- [Amy Grant – Deerheart](https://swan-saunders.co.uk/case-studies/amy-grant-deerheart/): A lovely testimonial from the equally lovely Amy at Deerheart in Lowestoft, Suffolk.
- [Newsletter](https://swan-saunders.co.uk/newsletter/): Why should you subscribe to the Swan Saunders Newsletter?
- [Business Accounts](https://swan-saunders.co.uk/business-accounts/): Company accounts, sole trader accounts & partnership returns — done properly, explained clearly, and handled with care.
- [Self Assessment Tax Return Accountant](https://swan-saunders.co.uk/self-assessment-tax-return-accountant/): No hassle, no confusion, just straightforward, stress-free tax returns.
- [Partnership Tax Return](https://swan-saunders.co.uk/partnership-tax-return/): Clear, reliable partnership tax returns, with human support, not confusion.
- [CIS Accountant](https://swan-saunders.co.uk/cis-accountant/): If you’re a contractor working under the Construction Industry Scheme (CIS), you know it can get messy: deductions, gross vs net pay, monthly returns, compliance, VAT interactions, it’s a lot to juggle when you’d rather be on site, getting the job done. I’m here to take the admin burden off your shoulders and let you get on with the work.
- [Capital Gains Tax Accountant](https://swan-saunders.co.uk/capital-gains-tax-accountant/): Whether you’re disposing of a second home, an investment property, or you’re winding up a business, lots of clients underestimate Capital Gains Tax (CGT), or leave things too late, then pay more than they needed to. It doesn’t have to be that way. With the right planning and advice, you can make smarter decisions now and save money later.
- [Tax Planning Services](https://swan-saunders.co.uk/tax-planning-services/): Your numbers, reviewed together, every quarter, so you stay in control all year round.
- [Start Up Accountants](https://swan-saunders.co.uk/start-up-accountants/): Startup Business Accountants that feel like a partner, not a provider
- [Making Tax Digital](https://swan-saunders.co.uk/making-tax-digital/): If you’re a business owner or landlord, you’ve probably heard about Making Tax Digital (“MTD”). It can feel like another tick-box, another rule to worry about, but it doesn’t have to be. With the right system and support, it becomes just part of how you run your business: simple, efficient and compliant.
- [Managed Payroll Services](https://swan-saunders.co.uk/managed-payroll-services/): Professional payroll handled by experts - without the stress, the risk or the admin.
- [Cloud Accountant](https://swan-saunders.co.uk/cloud-accountant/): I make cloud accounting simple, practical and stress-free, so you always know where your business stands.
- [VAT Returns Services](https://swan-saunders.co.uk/vat-returns-services/): Stress-free VAT compliance, so you stay ahead and focused on your business
- [Bookkeeping Services](https://swan-saunders.co.uk/bookkeeping-services/): MTD-ready, stress-free bookkeeping that keeps your business running smoothly.
- [Quarterly Business Review](https://swan-saunders.co.uk/quarterly-business-review/): A clear and concise service; one particular aspect of their service I highly recommend are the quarterly business review meetings. These ensure up to date information and permit growth and understanding at all times."
- [Business Planning Consultant](https://swan-saunders.co.uk/business-planning-consultant/): Business planning is another one of my favourite parts of what I do. For me, it’s not about spreadsheets, forecasts or fancy slides, it’s about you. Your goals. Your why. Your next step.
- [Small Business Coaching](https://swan-saunders.co.uk/small-business-coaching/): When I talk about business coaching & mentoring, I’m talking about you, your goals, your business, your story. At Swan Saunders, the business coaching & mentoring service isn’t an add-on, it’s a conversation: a supportive, no-fluff partnership where we bring your ambition into focus and turn it into action.
- [Business Development Consultant](https://swan-saunders.co.uk/business-development-consultant/): Your numbers, reviewed together, every quarter, so you stay in control all year round.
- [Case Studies](https://swan-saunders.co.uk/case-studies/): Check out some lovely Case Studies and testimonials from just a few of our amazing clients
- [Privacy Policy](https://swan-saunders.co.uk/privacy-policy/): We at Swan Saunders Ltd understand that your privacy is important to you and that you care about how your personal data is used and shared online. We respect and value the privacy of everyone who visits this website, swan-saunders.co.uk (“Our Site”) and will only collect and use personal data in ways that are described here, and in a manner that is consistent with our obligations and your rights under the law.
- [Contact](https://swan-saunders.co.uk/contact/): If you have any questions or would like more information, please get in touch
- [Services](https://swan-saunders.co.uk/services/): Self Assessment services that take the stress out of tax returns, ensuring everything is accurate, compliant, and submitted on time with complete peace of mind.
- [Knowledge Centre](https://swan-saunders.co.uk/knowledge-centre/): Check out our vast library of articles, guides and resources to help you stay up-to-date on all things tax related.
- [About](https://swan-saunders.co.uk/about/): I’m passionate about helping business owners understand their numbers, make confident decisions and build businesses that work for them.
- [Home](https://swan-saunders.co.uk/): Hi, I'm Glenn Saunders. Welcome to Swan Saunders.