Budgeting vs Forecasting: What’s the Difference, and Why Do You Need Both?

Budgeting vs Forecasting: What’s the Difference, and Why Do You Need Both?

Hayley Baxter
Published on: 11/08/2025

Ever wondered whether you should be budgeting… forecasting… or doing both? Let’s clear it up. Both budgeting and forecasting help you feel more in control of your finances — but they’re not the same.

Accounting
7 Surprising Ways Your Accountant Can Support Your Business

7 Surprising Ways Your Accountant Can Support Your Business

Hayley Baxter
Published on: 04/08/2025

(Spoiler: It’s way more than tax returns) When you think "accountant", what comes to mind? Probably: end-of-year panic. A tax bill you weren’t quite ready for. Maybe a spreadsheet or two. But if that’s all you’re getting from your accountant… you’re missing out on the good stuff.

Accounting
MTD ITSA: What You Need to Know

MTD ITSA: What You Need to Know

Hayley Baxter
Published on: 21/07/2025

Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) is one of the biggest changes to the UK tax system in recent years. If you're self-employed or a landlord, it's essential to understand what this means for you and how to prepare.

Accounting
Why Your P&L Is Lying to You — And What to Do About It

Why Your P&L Is Lying to You — And What to Do About It

Hayley Baxter
Published on: 07/07/2025

Ever looked at your P&L and felt happy at the growing profit figures, with this feeling fast fading or turning to despair when you catch sight of your bank balance?

Accounting