Financial Due Diligence Explained, The Documents Buyers Expect and Sellers Need to Prepare
When buyers and sellers hear the phrase Financial Due Diligence, the first reaction is often that it sounds heavy, invasive or overcomplicated. In reality, FDD is simply about proving that the business being bought or sold is what everyone thinks it is. The quickest way to make the process smooth is to understand exactly what […]
How to Read Your Accounts
How to Read Your Small Business Accounts A simple UK guide to understanding your numbers Why Your Accounts Matter Every year, small businesses in the UK have to produce accounts. If you’re a sole trader, these feed into your tax return. If you run a limited company, your accounts get filed at Companies House and […]
Why We Use WhatsApp, Email, and Booked Calls at Onpoint Accounting
Accounting and bookkeeping isn’t just about the numbers. They’re about accuracy, detail, and making sure that every figure lines up perfectly so our clients get the right advice and the right results. That kind of work takes focus. It’s what people often call “deep work”—time spent concentrating without distractions, where every detail is checked and […]
Bounce back loans – where are we now?
The bounce back loans, CBILS and CLBILS for larger companies were some of the most generous schemes available to businesses suffering from the impact of lockdowns due to the Covid-19 pandemic, paying out a total of £80 billion to help keep businesses afloat. The Bounce Back Loan Scheme was the largest of these, paying out […]
AIA transitional limit extended
The Annual Investment Allowance (AIA) is a capital allowance that enables you to claim an immediate deduction against your profits for qualifying capital expenditure up to the available limit. The AIA limit was temporarily increased from £200,000 to £1 million from 1 January 2019 to 31 December 2021. It was due to return to its […]
Recovery loan scheme
If you need to access finance to help your business recover from the effects of the COVID-19 pandemic, the Recovery Loan Scheme may be for you. Nature of the scheme The Recovery Loan Scheme is designed to provide access to finance in order to support businesses as they recover from the disruption caused by the […]
Top 20 most popular questions from small businesses in 2020
At OnPoint Accounting, we aim to keep our clients informed throughout the year and make sure they have all their business questions answered. In this blog post, we gather the most-asked questions from small businesses in 2020. It has been a challenging year for all companies, big and small. However, as much and as fast as […]
Top 10 Strategies to Help Your Business Survive Winter during Covid-19
Upcoming winter months can be scary and full of uncertainty for UK small businesses. Covid-19 pandemic has changed the way we run businesses so it is incredibly important to create an action plan we can act on during the upcoming Christmas and holiday season. In this blog post, I will give you 10 recommendations for […]