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Welcome, here is a collection of blog articles on accountancy, business and bookkeeping. Please contact us if you have any questions or need help with your own unique situation.
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Irina Inayat
Jan 143 min read
Common Accounting Mistakes to Avoid in 2025
At Penn Accounts, we are dedicated to helping businesses avoid these common pitfalls and achieve financial success.
Irina Inayat
Jan 85 min read
Your Ultimate 2025 Key Dates Calendar: Never Miss a Deadline Again
Keeping track of key tax deadlines is essential for maintaining compliance and avoiding unnecessary penalties. To help you stay organised, w
Irina Inayat
Dec 11, 20241 min read
Penn Accounts at Your Service
For businesses big or small, it’s true,
Penn Accounts is here for you!
Irina Inayat
Oct 22, 20242 min read
How to Change Your Accountant and Choose the Right One for Your Business
Looking to switch accountants? Learn how to change your accountant and find the right one for your business. Tips on smooth transition...
Irina Inayat
Sep 5, 20242 min read
How the Economic Crime and Corporate Transparency Act Will Impact SMEs
The first set of changes under the Economic Crime and Corporate Transparency Act were introduced on 4 March 2024, and it is set to bring...
Irina Inayat
Aug 13, 20243 min read
AI and Accountancy
Accounting, a field not often associated with cutting-edge technology, is being transformed by AI.
Irina Inayat
Aug 5, 20241 min read
Understanding Days Sales Outstanding (DSO) in Accountancy
In accountancy, Days Sales Outstanding (DSO) is a crucial metric for assessing a company's financial health and efficiency...
Irina Inayat
Jun 14, 20242 min read
1-2-3 Guide to Solicitors Accounts Rules
Welcome to our 1-2-3 Guide series for simplified explanations of accountancy and bookkeeping topics. Get key ideas of complex concepts in...
Irina Inayat
Jun 14, 20242 min read
1-2-3 Guide for New Businesses in the UK
Discover the essential 1-2-3 Guide for New Businesses in the UK, covering key accountancy and regulatory requirements. Simplified advice...
Irina Inayat
Jun 14, 20242 min read
1-2-3 Guide to VAT
Welcome to our 1-2-3 Guide series where we explain different accountancy and bookkeeping topics in a simplified way, giving you the key...
Irina Inayat
Jun 14, 20243 min read
A Beginner's Guide to Understanding VAT (Value Added Tax)
This guide aims to demystify VAT, explaining what it is, how it works, and its implications for businesses and consumers.
Irina Inayat
May 20, 20243 min read
Essential Guide for New Businesses in the UK: Accountancy and Regulatory Requirements
Here is our summary of what a new business or startup needs to know about accountancy and the regulatory side in the UK to guide you.
Irina Inayat
May 17, 20243 min read
What are Solicitors Accounts Rules?
Solicitors are often involved in a very sensitive industry. When dealing with legal matters, they have access to a lot of private and...
Irina Inayat
Apr 22, 20244 min read
A Comprehensive Guide to UK Dividend Tax for 2024/25
Whether you're just starting out or making changes, dividends are likely on your radar, but you might not fully grasp what they are or...
Irina Inayat
Feb 10, 20243 min read
Measuring Business Health: 11 Metrics for Directors
Business success is not just about intuition; it is about informed decision making. These 11 key metrics help directors and CEOs assess...
Irina Inayat
Feb 10, 20242 min read
Unlocking business success: outsourcing accountancy services
One strategic approach that has gained popularity is outsourcing, and when it comes to financial management, outsourcing accountancy...
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