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Handpicked Accountants Handpicked Accountants - where we connect company directors and small business owners with qualified

How do we know that these accountants are certifiably reliable? Because we have built working relationships with them over a number of years – giving us the confidence to refer them to you. According to ACCA statistics published in 2015, there are approximately 320,000 accountants in the UK - but choosing the right accountant for you can be a daunting prospect. A good one can save you time, reduce administrative pressures and act as a key partner in helping your business grow; but a bad one could cost you unnecessary expenditure and fail to support your business the way it should be. So to help you make an informed choice, Handpicked Accountants has identified around 1,000 of the most reliable, reputable and experienced accountants across the UK; enabling you to search on a local level for the accountancy services you require. Whether you're just starting up a business and want to incorporate a company or you represent a huge PLC and need auditing services, at Handpicked Accountants we will help you find the most suitable accountant for your specific needs.

Is a limited company director personally liable for business debts?Generally, no. A limited company is a separate legal ...
15/10/2026

Is a limited company director personally liable for business debts?

Generally, no. A limited company is a separate legal entity, so its debts belong to the company. The main exceptions are where a director has signed a personal guarantee, or is found to have acted wrongfully, for example through wrongful trading or misfeasance.

Knowing where that line sits matters, especially if the business is under pressure. Our guide explains:
https://www.handpickedaccountants.co.uk/articles/insolvency/is-a-company-director-personally-liable-for-business-debts

A limited company is classed as its own entity, and not an extension of its directors, therefore any debts belong to the company and not to any individual.

Cash flow forecasting in three steps.First, estimate your future earnings from past performance, working month by month ...
12/10/2026

Cash flow forecasting in three steps.

First, estimate your future earnings from past performance, working month by month and erring on the cautious side. Second, estimate fixed and variable expenses, allowing for seasonal swings. Third, add each month's projected cash to the previous balance, subtract expenses, and roll it forward 12 months. An accountant can help stop the forecast turning optimistic.

https://www.handpickedaccountants.co.uk/articles/accounting/how-to-project-your-company-cash-flow

Managing your cash flow is one of the best ways to ensure your company’s success. Here are some tips on how to create a basic cash flow projection yourself.

Not sure whether your company is trading insolvent? Two tests help.The cash flow test asks whether money coming in cover...
08/10/2026

Not sure whether your company is trading insolvent? Two tests help.

The cash flow test asks whether money coming in covers money going out. The balance sheet test compares assets against liabilities. Warning signs include maxed-out overdrafts, creditor pressure, being unable to pay essential bills and legal threats. Insolvency doesn't automatically mean the business can't be saved, and with the right restructuring many can be.

https://www.handpickedaccountants.co.uk/articles/insolvency/how-do-i-know-if-my-company-is-trading-insolvent

Trading when you're unable to repay debts to creditors due to insufficient funds mean you run the risk of trading insolvent. Here are the warning signs...

Can your accountant liquidate your company for you? Not quite - but they still have an important role to play.Only a lic...
05/10/2026

Can your accountant liquidate your company for you? Not quite - but they still have an important role to play.

Only a licensed insolvency practitioner can formally handle a liquidation. Your accountant, though, is often the first person who spots the warning signs, and can guide you toward the right IP and help get your financial records in order before the process starts.

Here's how the two roles fit together when a company is in trouble.

https://www.handpickedaccountants.co.uk/articles/insolvency/do-i-need-an-accountant-to-liquidate-my-company

If you are considering liquidating your company you may be confused whether to turn to an insolvency practitioner or an accountant to receive the best advice.

Bookkeeper or accountant - which one does your business actually need?A bookkeeper handles the day-to-day: recording tra...
01/10/2026

Bookkeeper or accountant - which one does your business actually need?

A bookkeeper handles the day-to-day: recording transactions, reconciling accounts, keeping your records tidy. An accountant works at a higher level - tax planning, financial strategy, compliance and reporting. Many growing businesses end up needing both, working together.

Here's how to tell which one (or both) you need right now.

https://www.handpickedaccountants.co.uk/articles/accounting/do-i-need-a-bookkeeper-or-an-accountant

Although accountant and bookkeeper are sometimes used interchangeably, in reality each perform different roles and offer your business different core services.

Still doing your own books? An accountant does a lot more than file your tax return.Beyond compliance, a good accountant...
30/09/2026

Still doing your own books? An accountant does a lot more than file your tax return.

Beyond compliance, a good accountant supports financial planning, payroll, cash flow management, and even raising capital or preparing for an exit - freeing you up to focus on actually running the business.

If you've only ever thought of an accountant as a tax-season necessity, it's worth seeing the fuller picture.

https://www.handpickedaccountants.co.uk/articles/accounting/what-are-the-benefits-of-hiring-an-accountant-for-your-small-business

A good accountant will do much more for your business than simply submitting your tax returns. Here are 10 ways an accountant could benefit your business:

Poor financial management is behind 82% of business failures, with 72% of small business owners reporting cash flow trou...
28/09/2026

Poor financial management is behind 82% of business failures, with 72% of small business owners reporting cash flow trouble in the past year alone. Common pitfalls include mixing personal and business finances, neglecting tax obligations, and over-leveraging the business through excessive borrowing.

Read more: https://www.handpickedaccountants.co.uk/articles/general/five-common-financial-mistakes-business-owners-make-and-how-to-avoid-them

Running a business well means keeping a close eye on your money. But lots of business owners run into trouble with not having enough cash on hand and other financial problems that slow them down.

Missing a Self Assessment deadline can mean an instant £100 penalty, rising further the longer it's left unpaid. With re...
24/09/2026

Missing a Self Assessment deadline can mean an instant £100 penalty, rising further the longer it's left unpaid. With registration, filing and payment dates spread across the year, alongside separate deadlines for Corporation Tax and VAT, it's easy for a busy contractor to lose track.

Our latest article, written by Lara Hodkinson of Danbro, walks through the key dates and common mistakes, from underreporting income to missing eligible deductions.

Read more: https://www.handpickedaccountants.co.uk/articles/business-tax/common-tax-return-mistakes-how-to-avoid-self-assessment-pitfalls

As a contractor, there’s a lot to keep on top of when it comes to tax and Self Assessments. When you’re busy balancing the demands of running a business, there are common mistakes that you might overlook which could have significant consequences.

A CVA lets you repay a proportion of company debt over one to five years, with creditors unable to take action while it'...
21/09/2026

A CVA lets you repay a proportion of company debt over one to five years, with creditors unable to take action while it's in place.

It's not right for every business - but for the right one, it can be the difference between closure and recovery. How to know if it fits yours: https://www.handpickedaccountants.co.uk/articles/insolvency/is-a-company-voluntary-arrangement-right-for-my-business

If your business has debt problems but could trade its way out of difficulty with more time to pay, a Company Voluntary Arrangement (CVA) could make sense.

Administration isn't the end - its whole purpose is to rescue the company as a going concern. An administrator gets an e...
17/09/2026

Administration isn't the end - its whole purpose is to rescue the company as a going concern. An administrator gets an eight-week moratorium to renegotiate contracts or shut down the parts of the business that are draining cash.

What the process actually involves: https://www.handpickedaccountants.co.uk/articles/insolvency/going-into-administration-what-does-this-mean

An article from Handpicked Accountants looking at the process of company administration, including pre-pack administration and trading as a going concern. If you would like more information on company administration, your accountant will be able to advise, and may recommend an insolvency practitione...

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