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Depreciation is a term that often gets mentioned in accounting, yet many business owners are unsure of how it truly works or why it matters. Put simply, depreciation is the process of spreading the cost of an asset over its useful life. It recognises that items such...

Financial forecasting is one of the most powerful tools in a business owner’s toolkit. Done well, it allows you to anticipate challenges, plan for growth, and make informed decisions with confidence. Yet many forecasts fail to live up to their potential because they...

For many business owners, finances can feel like an overwhelming puzzle—receipts stuffed in drawers, invoices scattered across emails, and spreadsheets that never quite add up. While it may seem manageable at first, disorganisation in your finances can quickly...

When starting or running a business, it can be tempting to use one bank account for everything. After all, it may seem easier to manage, especially in the early days. However, blurring the line between personal and business finances can create a host of problems—from...

For many small businesses, keeping track of receipts and records can feel like an endless struggle. Paper slips fade, get lost, or pile up in drawers, leaving business owners scrambling at tax time or when making financial decisions. The shift towards digital receipts...

Preparing and filing annual accounts might seem daunting, but for UK sole traders it’s a straightforward process once you know the steps. This guide will walk you through everything from understanding the key components to submitting your figures to HMRC, so you can...

As a busy entrepreneur, managing your time effectively is vital — and keeping on top of your bookkeeping can often slip down the priority list. Yet, maintaining accurate financial records is one of the most important habits for building a resilient, compliant, and...

Launching a new business can be an exciting yet financially challenging experience. One of the key ways UK start-ups can manage their cash flow and reduce their tax liability is by understanding what qualifies as an allowable business expense. At DD Accounting, we...

Starting a new business can be an exciting and rewarding venture, but it also comes with its challenges. One of the most important areas that new entrepreneurs must navigate is the UK tax system. Understanding your tax obligations, the different types of taxes that...

In the fast-paced world of business, ensuring that you are maximising tax relief opportunities is one of the smartest ways to optimise your financial position. As a business owner in Brighton, understanding the various tax reliefs available to you can significantly...