In today’s fast-paced business environment, managing your company’s finances can be a daunting task. For many business owners, handling the books, filing taxes, and ensuring compliance with financial regulations can take precious time away from focusing on growing their business. This is where outsourcing your financial work to a professional accountant can make a significant…
Running a small business is an exciting but challenging endeavor. While revenue generation is a priority, it’s equally important to manage and reduce expenses efficiently. One way to alleviate the financial burden is by claiming allowable expenses, which can significantly reduce your tax bill. Below are the top 10 expenses you can claim when running…
Running a business is a bit like juggling. You’re always keeping several balls in the air – client needs daily tasks, hitting those financial targets. But every now and then, it’s essential to put the juggling balls down and take a good look at the bigger picture. This is where Business Development Days come in…
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,…
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…
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…
With a turbulent start to September 2022, the announcement of a new Prime Minister, and new Chancellor, It was expected that there would be some changes to existing policies as the new government starts to make its claim on the economy of the Nation. There was some delay in this due to the passing…
In business, cash is king. If you don’t have enough cash on hand, it can be difficult to meet your obligations and keep your business running smoothly. That’s why it’s important to take steps to increase your business’s cashflow. Here are ten tips to do just that. Increase your prices Increasing your prices for your…
Making Tax Digital for Income Tax is a part of the government’s plans to make it easier for businesses and individuals to manage their tax affairs and get their taxes right. Their main element is to move the recording keeping from manual records, over to software, which in HMRC’s eyes will: enable some efficiencies,…
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…