In today’s fast-paced business environment, company directors play a critical role in steering an organisation towards success. However, with power comes responsibility. Being a director entails an array of legal and ethical obligations that can’t be overlooked. This blog aims to shed light on the different responsibilities that directors have, particularly in the context of…
The subject of Value Added Tax (VAT) is one that every small business owner should have on their radar. While VAT registration might seem like an additional layer of complexity for your small business, it offers certain advantages that can be instrumental in your growth strategy. Let’s explore the nitty-gritty of VAT registration, its requirements,…
The festive season is fast approaching, and businesses are busy preparing for Christmas celebrations and gift exchanges. It’s a time of year that can bring joy to your employees and clients, but as a small to medium-sized business owner, it’s also important to be aware of the tax implications associated with these festivities. In this…
In a business landscape that is ever-changing, the role of an accountant goes far beyond simply crunching numbers and filling out tax returns. An accountant can be your most trusted financial advisor, someone who can guide your business through various phases of growth. One way to maximise the benefits of having an accountant is by…
If you’re running a small or medium-sized business there are a number of benefits to outsourcing your VAT and payroll requirements to an accountant. Not only will it save you time and money, but it will also free up valuable resources that can be better spent elsewhere within your business. Here are just a few…
Timing can be important when deciding to switch accountants, as certain factors can influence the process and make the transition smoother. While there is no specific “best” time to switch, considering the following aspects can help ensure a successful transition: End of the Tax Year: It can be beneficial to time your switch around your…
The Bounce Back Loan Scheme (BBLS) was launched to support small and medium businesses to access emergency finance quickly during the coronavirus outbreak, enabling them to borrow between £2,000 and £50,000 with no repayments in the first year, and the interest accrued being covered by the government. For loans larger than £50,000, the Coronavirus Business…