Mortgage

How to get a mortgage as a company director

It is somewhat ironic, that company directors often find it more difficult to get a mortgage than the employees whose salaries they pay. In these unprecedented times it has become even more challenging. The lending criteria used by many lenders

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How was it for you? 2020 in review

How was it for you? 2020 in review

Well, it’s that time of year when we look back at the previous 12 months and think about what we’ll do differently. It’s fair to say 2020 has been somewhat challenging. Square Mile has been fortunate to work with lots

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Coping with cashflow issues?

Coping with cashflow issues?

How to get your R&D tax credit cash sooner than you may think. As the pandemic continues, many businesses are experiencing cashflow issues. If your business spends money on innovation, you could get an injection of cash through the the R&D

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News

Disruptive Tech and Your Employees

The three T’s of effectively introducing disruptive tech to your business. It is fair to say that disruptive tech has knocked us off our seat with its capability to change how businesses operate. It has created unfamiliar competition, which has

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10 reasons your business needs a bookkeeper

10 reasons your business needs a bookkeeper

As a business owner, are you becoming inundated with tasks that you should not necessarily be responsible for, such as company finances? Well you are not alone. You would be surprised how many business owners we come across that have

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Build

The Intrapreneurial Accountant

Picture the typical accountant sitting at their desk, a big list of compliance tasks and chasers to deal with, clients chasing them for work they can’t get to as there are not enough hours in the day. Your clients don’t

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News

How Can a VFD Help You Plan for the Future?

When you hire a Virtual Finance Director (VFD), part of their remit will be to assess the past and present financial performance of your company. But where they truly shine is in helping you plan for the future. A VFD

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Home

When is the right time to hire a VFD?

Sales are up. New customers are flooding in. You can’t stop hiring. This is it, this is the dream. Everything is falling into place. But where’s all the money you were expecting to follow this level of success? And why

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Contact

The (many) benefits of hiring a VFD

When you hear the words “Finance Director”, what springs to mind? They’re not for small, scaling businesses. Right? They’re sat in fancy corner offices of large, multinationals. Right? They’re too expensive and their services too complicated for scale ups. Right?

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Do I need an accountant, a Finance Director, or both?

Spoiler alert:If you’re already debating the need for a Finance Director, you definitely need both. There is often confusion when discussing the roles of accountants and Finance Directors. After all, they both work with clients and businesses to help improve

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property development

9 tax-planning tips for landlords

With more people than ever renting their home, rather than buying, it’s a great time to be a landlord or to opt for a buy-to-let property investment. There’s a good market for tenants and, with the right planning and financial

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property developers

7 tax-planning tips for property developers

Investing in ‘bricks and mortar’ has always been a sensible way to grow your money. And with the growth in the average house price beginning to plateau, now may be a good time to look at buying up properties in

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8 ways to improve cashflow for your tech business

Technology, particularly property tech is a sector with high overheads and a culture of late payment by customers – and that makes cash flow a major headache for most proptech businesses. The average firm waits 107 days before it receives

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Tailor-made systems for your property business

The benefits of Xero and the Xero app ecosystem  Running a property business can sometimes feel like a juggling act, with a multitude of different ‘plates’ to keep spinning. Whether you’re a landlord with a small portfolio of buy-to-let properties,

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Top tips for invoicing better and getting paid faster

Business cashflow depends on prompt payment. Xero analysed over 12 million invoices to discover some revelations about getting paid on time. They also asked the small business community for their tips and tricks. You’re not alone: Invoicing insights from small

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Why your business should use online invoicing

It’s vital that the invoicing software your business uses is a sound investment. After all, it can determine whether or not your business establishes and maintains a healthy cashflow. Invoicing shouldn’t be tedious or complicated Everyone knows a smooth billing

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The brewery that never was: the accountant-brewer

An accountant setting up an accountancy firm is the usual story. But an accountant setting up a brewery? Now that’s a bit more interesting! Having long been fascinated by breweries, the brewing process, and – let’s be honest – beer

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We are nominated for a British Accountancy Award!

It is our pleasure to announce that we have been nominated for an award at this year’s British Accountancy Awards. We have been shortlisted for the Most Innovative Independent Practice for the way we have embraced the latest technology to

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Contractors: How to run your business profitably

At Square Mile Accounting, we’re passionate about sharing our advice with contractors on how to run your limited company. For lots more advice to help you to increase your income and productivity, reduce your costs, and become a success, please

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Pensions for limited company contractors

Pensions represent one of the few last ‘tax breaks’ available to contractors, even after the changes announced by the Chancellor during the 2015 Budget. As a limited company contractor, you have more choice than ever to choose how to manage

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R&D Tax Credits for Software Developers

R&D Tax Credits for Software Developers Funding a growing technology business in London can be a tricky business, you need to evidence traction and convince angel investors, VCs, crowd funding platforms that your idea stacks up.  One hidden source of

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Contractors: Limited Company Tax Basics

Limited companies are separate legal entities from their directors, so your limited company will pay taxes on its profits, and you (as an individual) will be liable to pay tax on any income you receive from your company. Here we

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Contractors: Running a limited company

You’re a contractor in the UK, and you’ve just become a Director of your Limited Company. There are certain duties and responsibilities you need to be aware of – besides just making sure your business runs profitably. The Companies Act 2006

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A step tat-too far?

It seems that the ongoing debate over whether or not tattoos are acceptable to display in the work place is still continuing.  A Change.org petition started at the end of February that called for the end of employment discrimination against

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Tax Return Time!

Tax Return Time! We are now out of the 2015/16 personal tax year and we are into the 2016/17 one. Your employer should shortly be giving you your P60 forms detailing all your income tax and national insurance contributions for the

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Life is short. Do what matters to you!

Life is short.  Do what matters to you! If you feel stuck in the corporate world and feel the urge to get out and try something new then Escape the City could be just the thing for you. Our Director

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Contractors: Your business bank account

 As your limited company is a distinctive legal entity of its own, you cannot use your personal account for business purposes. You must set up a separate company bank account, even if you are the only director and shareholder. Avoid

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P11D Forms? What and when?

P11D Forms?  What and when? You may have heard the term P11D mentioned or perhaps received a notice from HMRC that you need to complete them.  But what are they and when are they due? P11Ds are the forms that

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Was it good or bad news for Breweries in the Budget?

It’s been about six weeks now since George Osborne announced his Budget for 2016 and analysts and experts have had time to digest the impact it will have on the UK industries. So is it good or bad news for the UK’s Brewery?  Pretty good as it turns out

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Contractors: HMRC Registration

After your limited company is incorporated, your accountant can assist you with registering your limited company at HMRC for tax. Square Mile Accounting’s experienced team will help new directors save time and offer peace of mind, knowing that applications are

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The best trading options for Contractors

Your Trading Options When you start contracting, you need to consider how you will receive payment for the work that you do. The options available to you are: Your own Limited Company Umbrella Company PAYE through an Agency Sole Trader

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Specialist Contractor Accountants in London

Contracting in the UK is steadily growing in popularity, representing an increase of 63% since 2004 – research from the IPAG Business School in France bringing light to the growing wave of the iPro. They classify iPros as “highly skilled

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Xero – The inevitable rise of the cloud platform

The growth of Xero as the leading cloud provider is evident all around you in London. Square Mile Accounting were in attendance at Xerocon, Xero’s annual convention to showcase the developments over the next twelve months that are in the pipeline.

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Sexy business analysis with Futrli

As we work with business owners and help them review their profits and productivity, we’ve discovered that (unlike us accountants) you don’t really want a spreadsheet of dry numbers.

It doesn’t mean anything to you. It’s…well…dull. Even ugly.

Which is why Futrli has changed the game.

It’s accounting technology gone sexy. It’s profits and productivity and numbers in clean, good looking dashboards that not only make sense, but are really easy on the eye.

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Travel and Subsistence rules under attack!

If you travel a lot for your business, we’re sure you’ve heard the news buzzing around the contracting world about the proposed changes to tax rules for travel and subsistence. Following the 2015 summer Budget, the Government has proposed removed

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Not taking a break is costing you

This blog post is courtesy of Xero.com and their guest writer Alex Cruickshank. Many successful inventors sometimes talk about “BBB time” – time spent in Bed, in the Bath or on the Bus (or other form of public transport). This

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Social Media SOS for business owners

Did you know that on average, you spend 3.6 hours a day on social media sites? That’s approximately 25% of  your awake hours. Although social sites like Facebook and Twitter are great, we know that spending 3.6 hours is too

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Business Insurance for Limited Company Contractors

Square Mile Accounting have partnered with Kingsbridge Professional Solutions to provide a business insurance package aimed specifically for contractors and freelancers working through their own limited company. It’s vitally important for contractors to protect themselves against unforeseen possibilities – and

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Top 16 Reasons to Switch Accountants

Switching accountants is a big decision. The relationship between accountant and business owner is a very personal one, and cutting off a relationship with a trusted business advisor can be extremely difficult to do.

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Tax: The Basics, Make Sure You Don’t Over Pay!

Getting the basics right is often the most important thing. Sometimes we overcomplicate things, thinking about all the clever difficult things we could do and ignoring the basics, so here are some simple basic tax planning ideas.

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Startup Business Funding

You’ve got that great start-up idea, but don’t know how to get it off the ground? This is an issue most face when making those daunting first steps as an entrepreneur.

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