It’s a story many business owners have heard before: a company is growing, sales are strong, the profit and loss statement looks healthy, yet somehow, it still runs out of money. This paradox of being “profitable but broke” is more common than you might think, and it can put even the most promising businesses at…
Running a small business is an exciting journey, but it also comes with plenty of challenges, especially when it comes to managing your finances. Accounting mistakes don’t just cause headaches; they can cost you time, money, and even your peace of mind. Here are 7 of the most common mistakes small business owners make and…
Being self-employed gives you a lot of flexibility, but summer can still bring its own set of challenges. Whether you’re juggling school holidays, facing a seasonal dip in income, or just trying to stay on top of your accounts when you’d rather be enjoying the sunshine, planning ahead can make a big difference. Juggling Kids…
Selling a second property in the UK involves understanding the Capital Gains Tax (CGT) implications to ensure compliance and effective financial planning. As of 1st April 2025, several changes to CGT rates and allowances will affected how much tax you may owe upon disposal of such properties. Understanding Capital Gains Tax on Second Properties When…
Keeping an eye on your business’s financial health isn’t just for accountants, it’s essential for making smart, confident decisions. Whether you’re looking to grow, improve profitability, or simply stay on top of cash flow, tracking the right financial KPIs (Key Performance Indicators) will give you the clarity you need. Here are the top financial KPIs…
When HMRC comes knocking, it can feel daunting. Whether it’s a full tax enquiry or a quick question about your VAT return, dealing with HMRC can be time-consuming, stressful and costly. That’s where Fee Protection comes in. What is Fee Protection? Fee Protection is a type of insurance that covers the professional fees incurred if…
The UK government’s Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) is set to change the way many self-employed individuals and landlords report their income tax. If you fall within the scope of these changes, now is the time to prepare. In this blog, we’ll outline who must comply, what it means for you,…
As a business owner, you’ve probably heard the phrase “know your numbers” more times than you can count. But what does it really mean? More importantly, which numbers should you focus on to ensure your business thrives? Understanding your business’s key metrics is crucial to making informed decisions, staying competitive, and driving growth. Whether you’re…
In today’s fast-paced business world, having a trusted accountant by your side can be the key to unlocking growth and success. Whether you’re running a small business or a growing enterprise, working closely with your accountant offers more than just number-crunching. At Greystone Advisory, we believe in partnering with our clients to provide value beyond…
Navigating the financial landscape can be complex and overwhelming for both individuals and businesses. At Greystone Advisory, we often encounter clients who are unsure about the differences between our services as an accountancy practice and those offered by an independent financial advisor (IFA). Understanding these distinctions is crucial for making informed decisions about your financial…