Understanding and utilising the right financial reports can transform how you manage your business finances. These reports provide crucial insights into your company's financial health, helping you make informed decisions, identify potential issues, and plan for future growth.

If you’ve recently set up a limited company in the UK, one of your key responsibilities is registering for Corporation Tax with HMRC. Failure to do so on time can result in fines, so it’s essential to understand the process and deadlines.

Though these terms are often used interchangeably, they refer to distinct processes that play crucial roles in your financial management strategy.