With so many accountancy firms operating across Nottingham and the wider East Midlands, narrowing the field can be challenging. Some firms focus on large corporates and regulated audits, others specialise in local owner-managed businesses, and a few successfully combine strong technical expertise with genuinely personal service. The accountants below stand...
With so many firms operating in and around the city, narrowing the field can be challenging. Somefirms specialise in large corporate structures, others focus on local owner managed businesses, anda few manage to combine technical expertise with genuinely personal service. The accountants below stand out not because they are the...
When searching for an accountant, most people ask the same questions:How much does an accountant cost? Is it worth it? Do accountants give free advice? Let’s break it all down in plain English. What Is the Average Cost of an Accountant in the UK? There isn’t a single price, because...
Salary vs Dividends If you're the director of a limited company in the UK, one of the most important financial decisions you'll make is how to pay yourself. Unlike sole traders who simply take drawings from the business, company directors typically pay themselves through a combination of salary and dividends....
The Story Behind GMS Accountants How squash, cycling and a love of helping small businesses all shape the way we work. If you’ve ever met me — whether on a squash court, at a networking event, or out cycling around Cambridge or Nottingham — you’ll know I’m not your typical...
Overview A Cambridge-based public house found themselves in a stressful situation after realising they had missed the year-end tax return deadline. With only a few days before HMRC imposed further penalties, they urgently needed a reliable, experienced accountant in Cambridge who could take over, complete the work rapidly, and ensure...
A Real Client Story From Our Accountant Cambridge Practice When a local business owner from Cambridge, first got in touch with us, they were stressed andunsure where things had gone wrong. Their tax bills kept climbing, even though their businesshadn’t changed much. Something didn’t add up, and they hoped a...
UK Tax Calendar: Key Dates Every Business Should Know Staying on top of your tax obligations is essential for running a compliant and successful business in the UK. Missing deadlines can result in penalties, interest charges, and unnecessary stress. Whether you're a sole trader, limited company, or VAT-registered business, understanding...
How to Read a Balance Sheet: The balance sheet is one of the key financial statements every business owner should understand. It gives you a snapshot of your business’s financial position at a specific point in time, showing what the company owns, what it owes, and the overall net worth....
Cash Flow vs Profit: Why Both Matter for Your Business When running a business, two key financial terms often come up: cash flow and profit. While they might sound similar—and are both essential to understanding your business’s health—they are not the same. Confusing the two can lead to poor financial...
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