When it comes to business decisions, taking an objective view is essential. But distinguishing your thoughts from the facts is easier said than done. You must try to recognise your, personal, impact on your business and take action to limit this. What ...
READ MOREWhen it comes to tax planning, timing is everything. The end of the financial year might seem like the obvious period to get your accounts in order, but why risk a tax season rush? Halloween is near the mid-point of the tax ...
READ MOREIn today's digital age, data protection has become a paramount concern for businesses of all sizes. Failing to comply with UK GDPR measures could cost your company millions of pounds in damages. One regulation that has significantly impacted how companies handle data ...
READ MOREAs we approach the end of September, businesses across the UK are gearing up to meet the inaugural deadline for the Economic Crime Levy (ECL) payment. HM Revenue & Customs (HMRC) has enabled this process by launching an online payment service, ...
READ MOREForecasting is the act of looking at past and present financial data to predict future costs, expenses, and profits. Small businesses do this to tailor their business model more effectively. Forecasting allows you to determine how much you will need to ...
READ MOREAre you a company director contemplating a loan from your own business? If yes, it's crucial to understand the workings behind the Director's Loan Account (DLA) and the implications of an overdrawn director’s loan account (ODLA). Director’s Loan Account A DLA is ...
READ MOREMany businesses across the UK have been financially affected by the cost-of-living crisis and the rise in inflation and have also suffered from the fallout of Covid-19 loan schemes and companies’ failure to make repayments. While it is not all doom ...
READ MORESeveral significant changes were announced by the Government in the 2023 Spring Budget regarding the annual allowance and the lifetime allowance. These changes affect the amount of tax-free contributions individuals in the UK can make towards their pensions, which may have ...
READ MOREIf your business engages off-payroll workers, it's essential to be familiar with IR35 and its potential impact on your operations. IR35 – what is it? IR35 is a tax legislation aimed at ensuring that workers pay the appropriate amount of tax and ...
READ MOREAs a small business owner, you will be in charge of many things and must juggle many responsibilities. From managing employees to targeting new customers, there are countless tasks that require your attention. One aspect of running a successful business that cannot ...
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