Got a question?
We’ve got answers.

We’ve gathered the questions we get asked the most and
our team have written some fantastic resources in response.
Is your question missing? Maybe it’s in our FAQs!

What is the difference between Profit and Cash Flow?

Knowing how your business is performing is vital to making financial decisions and being empowered to explore new opportunities. It’s not unusual for business owners to use their Profit and Loss account (P&L) and Balance Sheet to gauge business performance, … Continue Reading

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Grants and Support for Businesses

Restart Grants are now live – you need to apply through your local council. Here is our understanding of the Restart and Discretionary Restart Grants available: You may be eligible for a Restart Grant. If your business sector was mandated to … Continue Reading

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Initial Summary Budget 03/03/21

Rishi Sunak has today announced the March 2021 Budget. He says it will take the UK “a long time to recover” but he will do “whatever it takes”. The OBR forecast that our economy will grow this year by 4%, … Continue Reading

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Why is it so important to get your documents to us on time?

Every time a business spends or receives money, a document is created, and these documents (Invoices, receipts, credit notes and statements) are all an essential part of the bookkeeping and accounting process.  Keeping accurate records is fundamental to us as … Continue Reading

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You’ve signed up with us – what’s next?

So you have decided to partner with Fresh Financials to find a better way of doing your bookkeeping and give your business a fresh start. We’re so pleased, and excited to get started.  We want to make sure you know … Continue Reading

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How do I do a VAT Return?

A value-added tax (VAT) return, calculates how much VAT a company is due to pay, or expects to receive from HMRC. VAT returns are typically submitted quarterly and each quarter is known as your ‘accounting period’. The following are what … Continue Reading

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