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Need-to-know information and honest opinion
Our blog posts are inspired by real questions from real clients, by breaking developments in tax and finance, or simply by things we need to get off our chests. You’ll find explainers, intelligent commentary and forthright opinion pieces, on everything from the Budget to the business expenses. It’s all designed to put you in the know so you can make smart decisions, or to get you thinking. And if there’s something you’re curious about that’s not covered here, drop us a line and we’ll see what we can do.
Xero vs QuickBooks: which is the best cloud accounting package for my construction or trade business?
We’re big fans of cloud accounting software here at Mayflower and especially of QuickBooks Online and Xero – but the best one for your firm will depend on various factors.
What’s your “why” (the European Super League shambles story)
Why 72 hours of an utter shambles around the European Super League has reminded me of my “why” in business
Five signs it’s time to set up a limited company
One of the questions we get asked most often is “Should I incorporate?” and there’s no simple answer. Here’s a summary of the main things you need to know before making a choice.
Discounting and self-worth
Discounting can really undermine your self-worth in business and should be used cautiously, but why is this? Are there times when it can work?
6 key tips for going limited
Going limited is the start of a fantastic journey for many, but it demands stewardship. Here are our 6 top tips for new company owners.
Balancing business and babies
If we learned one thing in the last year, it’s that everyone is human. So why don’t we start talking openly about how you balance work and family?
What does the Spring Budget mean for the construction sector?
After a year of disruption, the Government has set out its plans to ‘build back better’. A big part of that is about rebuilding in a very literal sense, by investing in infrastructure and the construction industry. In its policy paper published alongside the Spring...
7 signs you need management accounts
As your business grows, understanding the numbers becomes more of a challenge. Do you need to think about adding management accounts into your business?
The Time Management Matrix by Stephen Covey
The time management matrix by Stephen Covey is an essential tool to address the bombardment of modern day notifications.
Ask the expert: how can I reduce my CGT liability?
From exemptions and allowances to the ownership of your assets, our tax expert covers all you need to know about minimising your capital gains tax liability.
Spreadsheets are great for accountants but rubbish for running businesses
I love spreadsheets – of course I do, I’m an accountant. But when you’re running a business, there are better software options around. Here are a few tools we recommend.
Tax and cryptocurrency – Questions on Wednesday
With Bitcoin receiving a shot in the arm from Tesla’s announcement, the price has reached record highs. How is cryptocurrency taxed?
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