{"id":243,"date":"2025-04-14T11:19:34","date_gmt":"2025-04-14T11:19:34","guid":{"rendered":"https:\/\/dev.accountantswestlondon.co.uk\/?p=243"},"modified":"2025-04-25T11:23:03","modified_gmt":"2025-04-25T11:23:03","slug":"common-accounting-mistakes-uk-startups-make-and-how-to-avoid-them","status":"publish","type":"post","link":"https:\/\/dev.accountantswestlondon.co.uk\/index.php\/2025\/04\/14\/common-accounting-mistakes-uk-startups-make-and-how-to-avoid-them\/","title":{"rendered":"Common Accounting Mistakes"},"content":{"rendered":"\n<p>Startups are exciting but often chaotic\u2014especially when it comes to finance. Here are some common mistakes and how to steer clear:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Mixing business and personal accounts<\/strong>: Always keep them separate.<\/li>\n\n\n\n<li><strong>Poor record-keeping<\/strong>: Use software to track income and expenses from day one.<\/li>\n\n\n\n<li><strong>Ignoring tax deadlines<\/strong>: Know your VAT, PAYE, and Corporation Tax due dates.<\/li>\n\n\n\n<li><strong>Not budgeting for taxes<\/strong>: Set aside money each month to avoid surprises.<\/li>\n\n\n\n<li><strong>DIY accounting<\/strong>: Unless you\u2019re trained, get professional help.<\/li>\n<\/ul>\n\n\n\n<p>A good accountant can help you avoid costly errors and set up smart financial habits early in your business journey.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Startups are exciting but often chaotic\u2014especially when it comes to finance. Here are some common mistakes and how to steer clear:<\/p>\n","protected":false},"author":2,"featured_media":229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[23],"tags":[24,28],"class_list":["post-243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-compliance-efficiency","tag-business","tag-uk"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/dev.accountantswestlondon.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.accountantswestlondon.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.accountantswestlondon.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.accountantswestlondon.co.uk\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.accountantswestlondon.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=243"}],"version-history":[{"count":2,"href":"https:\/\/dev.accountantswestlondon.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/243\/revisions"}],"predecessor-version":[{"id":358,"href":"https:\/\/dev.accountantswestlondon.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/243\/revisions\/358"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.accountantswestlondon.co.uk\/index.php\/wp-json\/wp\/v2\/media\/229"}],"wp:attachment":[{"href":"https:\/\/dev.accountantswestlondon.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.accountantswestlondon.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.accountantswestlondon.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}