Money Management and Advice Videos

Companies House identity verification requirements now affect company directors and other people connected with UK companies.

Martin Cavey explains how directors can verify directly through Companies House or use an Authorised Corporate Service Provider, known as an ACSP, such as a registered accountant or solicitor.

After completing identity verification, the individual receives a personal code for use with Companies House processes.

Do not leave verification until the last minute.

For help understanding your responsibilities, contact Chorus Accounting: https://www.chorusaccounting.co.uk

Requirements and deadlines can depend on your individual circumstances. This video provides general information only.

#CompaniesHouse #CompanyDirector #IdentityVerification #BusinessCompliance #Shorts

Making Tax Digital for Income Tax is not simply a tax issue.

For many sole traders and landlords, it exposes weaknesses in bookkeeping, digital record keeping and accounting systems.

Martin Cavey explains why compatible software, organised financial records and early conversations with your accountant can make Making Tax Digital far easier to manage.

Check whether Making Tax Digital applies to you and seek advice based on your individual circumstances.

For help preparing your financial systems, contact Chorus Accounting:
https://www.chorusaccounting.co.uk

Tax rules, thresholds and deadlines can change. This video provides general information only.

#MakingTaxDigital #MTD #HMRC #SmallBusinessUK #Shorts

Your accounts can show a healthy profit while your bank balance tells a very different story.

Martin Cavey explains the difference between turnover, profit and cash, plus why payment terms, invoicing and credit control are so important.

A sale does not support your business until the customer pays. Clear payment terms and consistent credit-control processes help protect the cash needed for wages, suppliers and tax.

For practical accountancy and business finance support, contact Chorus Accounting: https://www.chorusaccounting.co.uk

This video provides general information and is not tailored financial or tax advice.

#BusinessProfit #CashFlow #CreditControl #BusinessFinance #Shorts

Cash flow problems rarely arrive at a convenient time.

Chartered accountant Martin Cavey uses a sailing storm analogy to explain why cash flow forecasting and early preparation can protect a business from avoidable financial pressure.

The best time to plan funding, chase overdue invoices and review payment terms is before cash becomes a crisis.

For help understanding and improving your business finances, contact Chorus Accounting: https://www.chorusaccounting.co.uk

This video provides general information and is not advice tailored to your individual circumstances.

#CashFlow #BusinessFinance #SmallBusinessUK #AccountantAdvice #shorts

Wondering if you're eligible for the £10,500 Employer’s Allowance and how it affects your taxes? In this quick breakdown, Martin Cavey explains the qualifying criteria, what sole directors need to know, and how choosing to pay Employer’s National Insurance might be a smart move—even if it sounds counterintuitive.

Understand the difference between paying 15% National Insurance vs 19%, 25%, or 26% Corporation Tax, and learn how to make a strategic tax decision for your business.

🔔 Subscribe for more smart tax tips for UK business owners.

Have you set up a Power of Attorney? That’s a great start. But what if the person who needs to handle your affairs after you're gone can't access your phone?

In this eye-opening video, Martin Cavie from Chorus Accounting highlights a crucial oversight in modern estate planning — your mobile phone passcode. While Powers of Attorney give authority to act on your behalf, they don’t help if no one can unlock your digital life. From banking to photos, email to tax records — everything is now tied to that six-digit passcode.

Martin shares real-life insights and practical solutions — like the idea of a “breaking glass” email account — to make sure your trusted ones can step in when it matters most.

💡 Don’t let a forgotten passcode undo everything you’ve prepared.

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Who am I 🤓
I am a qualified chartered accountant with 20 years of experience advising businesses and individuals on finance matters.

What is the channel all about 🤷‍♂️
Providing individuals with, maybe, a non financial background with practical and knowledge and skills to deal with the complex world of finance.

🌍 My website https://www.chorusaccounting.co.uk
📧 My email martin@chorusaccounting.co.uk

Major changes are coming for company directors in the UK starting September 2025. With the new Economic Crime and Corporate Transparency Act, Companies House is tightening up identity verification and increasing filing fees.

In this video, Martin Cavie from Course Accounting breaks down:

• Why confirmation statement fees have jumped from £13 to £34
• What biometric verification means for directors
• What a Gov 1 ID is and how to get one
• The role of accountants and agents in this new process
• The risks and penalties if you ignore these changes

📌 If you're a company director — or planning to become one — this is must-know info to stay compliant and avoid fines.

👥 Need help navigating the new system? Reach out to Martin for expert guidance.

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Who am I 🤓
I am a qualified chartered accountant with 20 years of experience advising businesses and individuals on finance matters.

What is the channel all about 🤷‍♂️
Providing individuals with, maybe, a non financial background with practical and knowledge and skills to deal with the complex world of finance.

🌍 My website https://www.chorusaccounting.co.uk
📧 My email martin@chorusaccounting.co.uk

Welcome to this week's episode of a new series in which Lewis Chaffey has partnered with Chorus Accounting! Martin sits down with Lewis and they go over this exciting partnership and how it benefits clients and the overall business.


Who am I 🤓
I am a qualified chartered accountant with 20 years of experience advising businesses and individuals on finance matters.

What is the channel all about 🤷‍♂️
Providing individuals with, maybe, a non financial background with practical and knowledge and skills to deal with the complex world of finance.

🌍 My website https://www.chorusaccounting.co.uk
📧 My email martin@chorusaccounting.co.uk

In today's video I explain everything that comes from running a business, the pros and cons but more importantly your exit plan when you end up potentially selling a business.

Who am I 🤓
I am a qualified chartered accountant with 20 years of experience advising businesses and individuals on finance matters.

What is the channel all about 🤷‍♂️
Providing individuals with, maybe, a non financial background with practical and knowledge and skills to deal with the complex world of finance.

🌍 My website https://www.chorusaccounting.co.uk
📧 My email martin@chorusaccounting.co.uk