Accounting for Small Businesses in the UK

DeWyatt Financial Services Ltd
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  • Entrepreneurship

This channel provides insights and general information for small businesses, sole traders and partnerships in the UK, about that various accounting schemes, taxes and other business financial information that is useful to know and will help you to run your business more effectively and improve your financial outlooks. Episodes vary on general advice through to accounting tips. All information is derived from our licensed accountants and HMRC. Please note, to get full advice yourself and the information presented on the podcast is not regulated financial advice and we advise all to seek professional advice. We can help you with this, if you are a small business or partnership, looking for support, professional advice and / or accounting and bookkeeping services to be completed; contact us here: www.dewyattfinance.com enquiries@dewyattfinance.com  PLEASE NOTE THESE ARE AI GENERATED VOICES

Episodes

  1. Aug 1

    Optimising Cashflow 1

    Profit is important, but it doesn't pay the bills—cash does. In this episode, we explore why cash flow is one of the most critical factors in the success of any small or medium-sized business. We explain the difference between being profitable on paper and actually having enough cash in the bank to meet day-to-day commitments, and why so many otherwise successful businesses run into financial difficulty because of poor liquidity. We also share practical strategies to improve cash flow, including invoicing sooner, using milestone billing, speeding up customer payments, negotiating longer payment terms with suppliers, and making the most of available credit facilities. You'll also learn how tools such as cash flow forecasting, the Cash Conversion Cycle, invoice factoring, lockboxes, and sweep accounts can help release cash that's tied up in your business. Whether you're a business owner, director, or finance professional, this episode provides practical tips to help you strengthen your cash position, improve financial resilience, and ensure your business has the liquidity it needs to grow with confidence. DeWyatt Financial Services For all of your bookkeeping and accounting needs. We offer bookkeeping, accounting services for you Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you. If you found this helpful and want to see if we can help you and your business, contact us here: enquiries@dewyattfinance.com  Reception: 07533 020639 www.dewyattfinance.com Support the show If you found this helpful and want to see if we can help you and your business, contact us here: enquiries@dewyattfinance.com  Reception: 07533 020639 www.dewyattfinance.com

  2. May 19

    Claiming Fines and Penalties as a Business Expense

    In this episode, we explore whether fines and penalties can ever be claimed as a business expense and where directors need to be careful. Using real-world examples such as parking tickets in company vehicles, we explain the tax rules, what HMRC allows, and the common mistakes businesses make when recording these costs. We also discuss the responsibilities of directors when dealing with company expenses, the difference between allowable and disallowable costs, and the potential consequences of getting it wrong. A practical and easy-to-follow episode for business owners and company directors looking to stay compliant while understanding the rules around business expenses. DeWyatt Financial ServicesFor all of your bookkeeping and accounting needs. We offer bookkeeping, accounting services for youDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show If you found this helpful and want to see if we can help you and your business, contact us here: enquiries@dewyattfinance.com  Reception: 07533 020639 www.dewyattfinance.com

    Claiming Fines and Penalties as a Business Expense

  3. Apr 12

    End of Year Accounts and Directors Responsibilities

    This episode covers the End of Year accounts for small businesses and also touches on the recent changes, upcoming changes and impact on Director responsibilities.  These changes will make a massive difference for the average company director and it is something that people must be aware of. We also discuss the liabilities of directors who do not pay attention to their accounts and get it wrong.  If you need any further help with this sort of issue or would like to make sure that you don't need to worry about this. Contact us here: www.dewyattfinance.com DeWyatt Financial ServicesFor all of your bookkeeping and accounting needs. We offer bookkeeping, accounting services for youDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show If you found this helpful and want to see if we can help you and your business, contact us here: enquiries@dewyattfinance.com  Reception: 07533 020639 www.dewyattfinance.com

    End of Year Accounts and Directors Responsibilities

  4. Mar 28

    Directors Loan Account

    An overview of the Directors Loan Account.  What it is, how it works and how to use it to your advantage as a founder or small business in the UK. We also cover the tax implications and correct management of the account.  We hope this helps and if you need any accounting and bookkeeping for your small business, please contact us: www.dewyattfinance.com Email us: enquiries@dewyattfinance.com PLEASE NOTE: This podcast is voiced by AI generated voices. Information and podcast script by DeWyatt Financial Services. We hope you enjoy and find it useful.  DeWyatt Financial ServicesFor all of your bookkeeping and accounting needs. We offer bookkeeping, accounting services for youDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show If you found this helpful and want to see if we can help you and your business, contact us here: enquiries@dewyattfinance.com  Reception: 07533 020639 www.dewyattfinance.com

    Directors Loan Account

  5. Mar 22

    Navigating Making Tax Digital

    This podcast gives you an overview of the new changes to self assessment taxes for those earning over £50,000 per annum.  This is introducing you to the new world of MTD (Making Tax Digital). This podcast gives you an overview of the rules, how MTD works and what you can expect from it.  Please note, please see a registered accountant or financial professional if you need further support with MTD.  Please note: this episode has been created using AI generated voices.  DeWyatt Financial ServicesFor all of your bookkeeping and accounting needs. We offer bookkeeping, accounting services for youDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show If you found this helpful and want to see if we can help you and your business, contact us here: enquiries@dewyattfinance.com  Reception: 07533 020639 www.dewyattfinance.com

    Navigating Making Tax Digital
  • 5 Episodes

About

This channel provides insights and general information for small businesses, sole traders and partnerships in the UK, about that various accounting schemes, taxes and other business financial information that is useful to know and will help you to run your business more effectively and improve your financial outlooks. Episodes vary on general advice through to accounting tips. All information is derived from our licensed accountants and HMRC. Please note, to get full advice yourself and the information presented on the podcast is not regulated financial advice and we advise all to seek professional advice. We can help you with this, if you are a small business or partnership, looking for support, professional advice and / or accounting and bookkeeping services to be completed; contact us here: www.dewyattfinance.com enquiries@dewyattfinance.com  PLEASE NOTE THESE ARE AI GENERATED VOICES

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