The start of a new year is the perfect time to get your finances in order. Taking a little time in January to organize your accounts can save you stress, improve cash flow, and help you avoid costly mistakes later. Here are the top five financial tasks every small business should tackle this month. 1. Review Your 2025 Accounts Start by looking back at last year’s finances. Check income, expenses, and cash flow to identify trends and areas for improvement. This review helps yo

“What is bookkeeping vs accounting?” It’s a valid question—and understanding the difference is vital. Mixing them up can cost you time,...

Introduction: Simplifying Finances for Small Businesses At Diamond Bookkeeping , we know that managing your own finances as a small...

@Diamondbookkeepingltd Introduction: The #1 Question About Bookkeeping When it comes to running a small business, one question comes up...

In the dynamic world of small business, every decision counts, and managing finances efficiently is crucial to success. One of the best inve

Building up a significant pension income is essential to have a happy retirement - certainly in terms of financial security, but also...

Selling a property? Then, you might need to think about Capital Gains Tax (CGT). But don’t worry, we’re here to simplify it! What is...

For the most part, buying a car as a sole trader can be a unique and sometimes confusing experience, too. Unlike purchasing a vehicle for...

You might be wondering whether you can buy a car through your business if you’re running a Limited Company and the answer is a resounding...

Every year, millions of people in the UK complete their tax self-assessment. Understanding how to submit this kind of return is...

At Diamond Bookkeeping Ltd we’ve chosen FreeAgent as our preferred accounting software for our small business, freelance and contractor...

Maintain Separate accounts Having separate accounts makes it easier to see how much finances are available for business and personal use...

You can claim expenses while working at home. This includes gas, electricity, phone bill and broadband. At Diamond Bookkeeping Ltd, this...

Lots of people are still not claiming tax relief from working from home. Through the working from home allowance 2022/23, the HMRC offers...