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For many UK business owners, especially those just starting out in the world of business, managing finances can feel like navigating a maze of unfamiliar terms and responsibilities. Among the most commonly misunderstood concepts are bookkeeping and accounting. While the two are closely related and often work hand-in-hand, they serve...

A leading Shropshire firm of accountants is warning small businesses that the countdown has started to major changes to the way income and expenses are reported – and they need to be prepared. Telford-based Turas Accountants says businesses should start getting ready now for the new Making Tax Digital (MTD)...

As we are now in the new 2025/26 tax year, the UK tax landscape is set to undergo a range of changes that could have significant implications for both individuals and businesses.  Whether you’re a self-employed freelancer, a small business owner, or an employee, it’s essential to stay informed about...

Telford-based Turas Accountants says today’s Spring Statement will do little to change the mood in the business community. Owner Helen Columb said changes to Employer National Insurance contributions coming into effect on April 6 had dominated the business agenda in recent months and set the tone for the coming financial...

In the ever-changing world of business, the ability to predict future challenges and opportunities is essential for success.  Whether you’re a small start-up or a well-established corporation, financial forecasting plays a critical role in driving the business towards sustainable growth. Companies that integrate financial forecasting into their strategic planning are...

In today’s fast-paced world, managing finances manually or using traditional accounting methods can lead to you spending unnecessary extra time, not to mention the stress it can cause. For small businesses, transitioning to digital accounting can be one of the best decisions you make for your and your business. Not...

In the fast-paced world of e-commerce, staying on top of key financial performance indicators (KPIs) is essential to ensure sustainable growth. Online businesses face unique challenges including rapid shifts in consumer behaviour, intense competition, and the need to operate efficiently while managing inventory and marketing costs. The right KPIs provide...

As a small business owner, one of your primary responsibilities is ensuring that your business is financially viable. This requires not just having a successful business, but also having the ability to track and manage your finances effectively. Understanding how to read and interpret key documents such as; the Balance...

Midlands accountancy firm, Turas, has promoted Kelly Wilson to practice manager to handle client liaison and community engagement. Kelly, 44, from Stirchley in Telford, joined the company five years ago as a part-time office administrator.  Her role has expanded as the company has grown and she is now responsible for...