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Artificial intelligence is now part of everyday life — from writing emails to planning meals and even managing money. According to a Lloyds Banking Group study (2025) , 56% of UK adults — that’s around 28.8 million people — are now using AI tools to help manage their finances , including budgeting, savings, pensions and even investments. It’s an astonishing leap in such a short time. But for business owners, it begs the question: When you ask AI for advice on your business

It’s a question almost every small business owner in the Isle of Man has asked themselves at some point. When you’re just starting out, it may feel like spreadsheets, apps, or a bit of Googling can get the job done. But as your business grows — and your time becomes more limited — it’s worth asking: Is doing your own accounts really the best use of your time and energy? This blog will help you recognise the 7 key signs  that it’s time to bring in a qualified accountant — and

If you’re running a small business in the Isle of Man, you’ve probably asked yourself: “Who can do my bookkeeping?”“Can I trust someone local with my business finances?”“Do I need a bookkeeper and  an accountant?” Bookkeeping is one of the most essential — and overlooked — parts of running a successful business. When bookkeeping services are done right, it gives you clarity, control and confidence in your numbers. Many business owners think they are saving money by 'doing t

Running a business in the Isle of Man can be exciting and rewarding — but it also comes with serious responsibilities. Whether you’re a...

Introduction: Why Change Can Be a Good Thing If you've been thinking about switching accountants but keep putting it off, you're not...

Need help with VAT returns in the Isle of Man? This guide explains what VAT is, how returns work, and where to get expert support for your Isle of Man small business.

With rising costs, delayed payments and growing pressure to scale sustainably, one thing remains constant: positive cash flow keeps your business alive. This guide will help you take control of your cash flow – and make smarter financial decisions, faster.

Learn 7 reasons your business in the Isle of Man isn't making more profit and what you can do about it. Check out this quick read by Purple Accounts.

Read our six reasons why business owners are making the switch from DIY bookkeeping and how Purple Accounts Isle of Man makes it simple, secure, and stress-free.

Too many business owners in the Isle of Man are putting up with passive, hands-off service—and it’s costing them money, time, and peace of mind. You might not even realise what you’re missing out on.

Accountants are not all the same and don't all do the same thing. Check out this guide to discover the hidden costs of a bad accountant.

If your current accountant isn’t giving you the proactive advice, support, or value you need, it might be time to make a change.

Find out more about VAT registration for small businesses in the Isle of Man. Tips and advice from Purple Accounts Isle of Man.

Learn the top 5 most common payroll mistakes Isle of Man business owners make and how you can avoid them - by Purple Accounts Isle of Man

Deciding whether to operate as a sole trader or a limited company is an important decision for Isle of Man business owners.

For small businesses in the Isle of Man, embracing cloud accounting could be the key to simplifying finances. Find out more..

Get 5 useful tips for mastering cashflow in your Isle of Man small business from Purple Accounts Isle of Man

Understand when to go vat registered as an Isle of Man small business and the pitfalls to avoid as a business owner.

If you’ve been thinking about outsourcing accounts and bookkeeping, here are five reasons why it might be the best decision

A guide to moving your business to the Isle of Man. Purple Accounts is an expert in both the Isle of Man and UK accountancy plus payroll