Feb 11, 2026 | 2026, FAQ, Guides, Profit and Loss
At North Devon Accounts, we see that profit forecasts make the biggest difference for business owners who want confidence around decisions, tax and cash flow. A profit and loss forecast helps you understand where your business is heading financially before the year...
Feb 4, 2026 | 2026, FAQ, Guides, Limited Company
Thinking about whether to operate as a limited company can feel like a big step, especially when tax, compliance and long-term planning are involved. We support business owners across North Devon, and beyond, to assess whether going limited is the right move, handle...
Nov 3, 2025 | 2025, FAQ, Guides, Making Tax Digital, MTD Guides, Self-Assessment
At North Devon Accounts, we know that any tax changes can sound daunting to small business owners. Making Tax Digital (MTD) is one of those phrases that makes people sigh and think “another rule to learn.” But there’s another way to look at it. From April 2026, MTD...
Feb 18, 2018 | FAQ, Guides, Profit and Loss
Ok, your accountant has just sent you your profit and loss for the year, but what is a profit and loss account and what do the figures actually mean? Simply put, a profit and loss account statement details how much money your business has made or lost over a period of...
