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Top 5 Accounting Mistakes Small Business Owners Make Ever wondered if basic accounting mistakes are quietly draining your small business profits, costing you thousands or even tens of thousands? Missing these common financial slip-ups might be secretly taking away your hard-earned money. From forgetting deductions to not handling cash flow well, these small mistakes can seriously impact your finances, leaving you frustrated and wondering where your profits went. Join us in this helpful video as we uncover the top 5 accounting mistakes that small business owners often make. Pointing out not just these pitfalls but also useful tips to help you avoid them. Take charge of your financial future by learning how to avoid these common mistakes. MDH Accountants is an award-winning firm based in Accountants Surrey and Accountants London. Our Director Michael Hemme is known as the Wealth Whisperer! If you like this video, don't forget to Subscribe to our channel! ⇩⇩⇩ Watch our Business Dashboards video here ⇩⇩⇩ • Business Dashboards–Why Every Small Busine... Time Stamps: 00:00 - Introduction 00:25 - Mistake #1: Missing VAT registration & thresholds 01:44 - Mistake #2: Incomplete records on record keeping 03:27 - Mistake #3: Overdrawn Director’s Loan Account 05:55 - Mistake #4: Listening to the wrong people’s advice 07:41 - Mistake #5: Not having proper systems in place ________________________________________________________ Contact Us & Book a Meeting Book a Call: https://www.mdh.me.uk/book-call/ Business Growth Programme & Webinars https://www.mdh.me.uk/business-growth... Business Growth Book https://www.mdh.me.uk/get-your-copy-o... Tax Saving: 74 Ways To Pay Less Tax https://www.mdh.me.uk/74-ways-to-pay-... Funding: A Free Guide for Business Owners in The UK: https://www.mdh.me.uk/funding-guide-u... ________________________________________________________ Say Hi on Social Media: Facebook: / accountantslondon Linkedin - Michael: / michaelhemme LinkedIn - MDH: / mdh-business-advisers-limited Instagram: / mdhaccountants TikTok: / mdh_accountants ________________________________________________________ #businessowner #smallbusiness #accounting #tax #vat SyncID: MB0187UMNB5ZZOG • Top 5 Accounting Mistakes Small Business O... _______________________________________________________ Disclaimer: This content is for educational and entertainment purposes only. The information provided, including any details on VAT, tax rates, regulations, etc. is general in nature and may be subject to change. Always consult with professional advisors and check for the latest updates before making any financial or business decisions.