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By Welcome to #FinanceFriday, your weekly roundup of expert insights, industry news, essential tools, and real-life case studies from TT Accountancy Services, your trusted accounting partner in London. Whether you’re a small business owner, a startup founder, or managing a growing enterprise, #FinanceFriday is designed to empower you with knowledge and resources to make smarter financial decisions.
Industry News You Shouldn’t Miss
Stay up to date with the latest developments in the accounting and finance world:
- HMRC Updates: New deadlines for VAT submissions and changes to the Making Tax Digital scheme.
- UK Business Grants: Current funding opportunities for SMEs in 2024/25.
- Inflation Watch: How rising interest rates could affect small business loans and cash flow.
Tools We Recommend
At TT Accountancy, we leverage modern tools to simplify accounting processes. Here are a few we highly recommend:
- Xero – Cloud-based accounting software for real-time financial tracking.
- QuickBooks – Ideal for managing expenses, invoices, and payroll.
- Dext (formerly Receipt Bank) – Automates expense tracking by capturing and organizing receipts.
We help our clients integrate these tools into their workflow for better accuracy and efficiency.
Case Study Spotlight: Growing an E-commerce Brand
One of our clients, a London-based fashion e-commerce startup, approached us struggling with cash flow issues and manual accounting processes. Within 6 months of partnering with TT Accountancy:
- We migrated their system to Xero for seamless financial tracking.
- Set up automated inventory cost allocation and VAT submissions.
- Conducted regular financial reviews and forecasting sessions.
Result? A 40% increase in profit margins and a fully scalable financial system.
Finance Tip of the Week
Review your Chart of Accounts regularly. An outdated or cluttered chart can lead to misclassified transactions and messy reporting. At TT Accountancy, we help businesses set up and maintain a clean, accurate structure.
Why Subscribe to #FinanceFriday?
- Access timely tax tips and accounting best practices.
- Learn from real case studies tailored to London-based businesses.
- Discover the best financial tools to streamline your operations.
Partner with TT Accountancy
Ready to take control of your business finances? Contact TT Accountancy Services today for:
- Payroll & PAYE support
- VAT registration & compliance
- Self-assessment tax returns
- Business structuring & advisory
Get in touch with us to schedule your free consultation.
