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Take a look at the latest news, views and guidance from the Ellis & Co team on all things business and finance!
4 Common Errors in Year-End Accounts and How to Avoid Them
Even the most diligent business owners can stumble when preparing year-end accounts. While mistakes are easy to make, they can lead to significant consequences. This includes inaccurate tax bills, missed opportunities for growth and costly HMRC penalties! For SMEs and established businesses in the Northwest and North Wales, getting the year-end right is not just…
The Importance of Accurate Year-End Accounts
For many business owners, the annual accounts process is viewed solely as a necessary compliance hurdle. Basically, a requirement set by HMRC and Companies House. However, if you’re an ambitious business focused on scaling operations, your year-end accounts are actually one of your most valuable strategic tools. And at Ellis & Co, we see year-end…
3 Steps SMEs Need to Take to Prepare for Their Year-End Accounts
The end of the financial year can often feel like a rush, but it’s more than just a box-ticking exercise, especially for Small and Medium Enterprises (SMEs). Rather, it’s a vital opportunity to gain clear insight from your year-end accounts into your business’s health, ensure compliance and plan for future growth. And for SMEs, preparing…
Five Mistakes Startups Make When Managing Payroll
Startups face many challenges, and managing payroll can be one of the most complex, because it’s not just about paying your team. It’s a legal obligation with significant financial consequences if you get it wrong. And at Ellis & Co, we’ve seen startups make the same mistakes time and again. Which is why we believe…
Don't Let Late Audit Accounts Penalties Derail Your Business!
Running a business is a demanding endeavour, with countless hats to wear and plates to spin. From innovating new products or services to managing your team, the entrepreneurial journey is definitely an exhilarating one. However, there is one crucial responsibility you absolutely cannot afford to drop, and that is the timely filing of your company’s…
An Expert’s Analysis: Navigating the Autumn Budget 2025
On the 26th of November 2025, Chancellor of the Exchequer Rachel Reeves stepped up to the dispatch box to deliver one of the most anticipated financial statements in recent years – the Autumn Budget of 2025. Here, a plan to raise £26 billion in taxes was set out to balance “tough choices” with a promise…
3 Essentials To Structure Your Startup for Long-Term Growth
Amid the launch of a new startup, it’s easy to overlook the critical decision of choosing the right legal and financial structure. The structure that you choose will have significant implications for your liability, tax obligations, administrative burden, and your ability to attract future investment. So it’s not just a box-ticking exercise. Rather, it’s a…
Get Audit-Ready for HMRC & Success
For any growing business, the word “audit” can sometimes feel like a daunting prospect. But what if we told you it doesn’t have to be? At Ellis & Co, we view an audit not as a challenge to dread, but as a vital health check-up for your business. We’d say that it’s an invaluable opportunity…
