Investing in Environmental, Social and Governance objectives (ESG) and sustainability is becoming more popular for business owners at every level. However, overhauling business processes and purchasing new, greener assets can present a significant cost to SMEs and businesses without large cash ...
READ MOREThe UK economy is built on SMEs and innovative entrepreneurs. In 2022/23, over 800,000 new businesses were registered nationwide, an increase of 6.4 per cent on the previous period. SMEs are significant contributors to wider economic health and their continued existence ...
READ MOREAlternative routes to employment are in the National Apprenticeship Week spotlight this week. Do you think apprenticeships are right for your business? Apprenticeship opportunities are far more diverse and accessible for businesses than many people think. We’re going to lift the veil ...
READ MOREConsistent financial reporting needs to be a core part of your financial strategy to ensure sustainable business growth. Naturally, year-end accounts will form the backbone of your reporting – but, for a full picture, don’t stop there. To properly carry out your ...
READ MOREIf you employ one or more people for paid work, it’s essential that you have a properly managed payroll. Representing a significant cost to businesses and of high importance to employees, labour costs must be managed correctly – which includes paying ...
READ MOREBusinesses must remain compliant with the requirements for reporting and paying VAT, especially with the regular quarterly for VAT under Making Tax Digital. HMRC's efforts to maximise tax revenues have intensified, with over 3,000 staff added to its customer compliance units ...
READ MOREWhile the end of 2023 saw inflation slow down, experts have warned that the chances of a recession in the coming months are more likely. A recession, which is usually triggered by an economic decline across two consecutive quarters or more, ...
READ MORENow that we have entered 2024, our accounting team has been making their predictions and discussing how best to advise our clients on preparing for upcoming challenges. Before we make predictions on SME prospects for 2024, however, let’s look back on ...
READ MOREHybrid vehicles are becoming an increasingly attractive option for businesses. With changes in company car tax bands and the environmental benefits they offer, hybrids are a step towards sustainability and a smart financial decision. Understanding company car tax Company car tax, or Benefit ...
READ MOREHM Revenue & Customs (HMRC) has recently issued letters to restaurant and takeaway businesses across the country, emphasising the importance of correctly applying VAT on hot food. This move comes amidst potential confusion amongst business owners regarding the varying VAT rates ...
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