Purple Accounts Blog

Most business owners assume that if they keep good records, file their tax returns on time and pay the right amount of tax, they'll never hear from HMRC. In many cases, that's true. However, HMRC carries out thousands of compliance checks and tax enquiries every year and being selected doesn't automatically mean you've done anything wrong. HMRC has also made it clear that improving compliance remains a priority and continues to invest in digital systems and artificial intelli

Running a successful business isn't just about winning customers. It's also about making sound financial decisions. Over the years, we've worked with hundreds of Warrington business owners and noticed some common patterns. The good news? Most financial mistakes are entirely avoidable once you know what to look for. Here are ten of the most common mistakes we see from business owners and how to avoid them. 1. Not Knowing Their Numbers Many business owners know their bank balan

Many business owners meet with their accountant regularly, but often leave without asking the questions that could make the biggest difference to their business. A good accountant should do more than prepare accounts and tax returns. They should help you understand your numbers, plan ahead and make informed decisions. Here are five important questions every Warrington business owner should be asking. 1. How Much Tax Should I Expect to Pay This Year? One of the most valuable c

Most business owners want to improve profitability - but without cutting back in ways that damage the business. The good news is that reducing costs doesn’t always mean making drastic changes. Often, the biggest savings come from: Reviewing existing habits Improving efficiency Making better financial decisions Here are practical ways UK small businesses can reduce costs while still supporting growth in 2026. 1. Review Your Monthly Subscriptions Many businesses pay for: Softwa