Business Advice
Investing in skills – Why SMEs should embrace apprenticeships
Feb 06, 2024
Alternative 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 ...
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Management accounts – Why SMEs should embrace regular reporting
Jan 30, 2024
Consistent 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 ...
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Payroll tax obligations – Have you got it covered?
Jan 16, 2024
If 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 ...
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VAT deadlines and what businesses should be doing to prepare for them
Jan 09, 2024
Businesses 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 MOREWhat SMEs can do in the event of a recession
Jan 04, 2024
While 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, ...
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Our predictions for the SME business economy in 2024
Jan 02, 2024
Now 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 ...
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What tax benefits do hybrid vehicles offer businesses?
Dec 19, 2023
Hybrid 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 ...
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HMRC reminds restaurants and takeaways of VAT obligations on hot food
Dec 12, 2023
HM 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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Understanding IAS 32 – A guide for business owners
Dec 05, 2023
Accounting standards that impact businesses’ financial reporting are prone to the odd reshuffle every now and then, so it is important for business owners to stay informed. One such standard is International Accounting Standard 32 (IAS 32), which plays a key ...
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Is unconscious bias impacting your business decisions?
Nov 02, 2023
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 ...
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