Bookkeeping is the systematic recording, storing and retrieving of financial transactions for a company, nonprofit organisation or individual. Here we find out more about the bookkeeping services at KBL Accounts

Crunching your own numbers might seem like a cost-cutting exercise when you run a small business. But the truth is, a good accountant will  recoup the cost of the work they do for you in the efficiencies they make in your financial affairs.

A dividend is a sum of money a limited company can pay to shareholders when it has made and retained sufficient profit.

Only limited companies can pay dividends, because they are the only type of business that issues shares. Sole traders, partnerships and LLPs can't pay dividends, because they do not issue shares.

In our last blog post, we looked at the advantages of setting up a limited company. But here at KBL we also work with plenty of sole traders. And operating in this way comes with its own set of benefits.

Setting up a limited company incorporated in the UK is often preferred to operating as a sole trader or partnership. Here we look at some of the reasons why.