How to spot the early signs that your business may be facing financial difficulty

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How to spot the early signs that your business may be facing financial difficulty

Jun 21, 2023

Many 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 ...

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Blog, Business accounting, Business Advice, General news, Money, Personal accounting

Major pension reforms sparks rethink for UK savers

Jun 08, 2023

Several 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 ...

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Blog, Business Advice, SMEs

Understanding IR35 and its implications for employers

Apr 20, 2023

If 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 ...

Blog, Business accounting, Business Advice

The importance of financial reports as a business owner

Apr 18, 2023

As 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 ...

Blog, Business Advice, SMEs

How can you prepare for the basis period reform?

Apr 14, 2023

We are currently in the transition period for the basis period reform, which is set to come into full effect from the 2024/25 tax year. So, if you run an unincorporated business, you need to be prepared for the upcoming changes. What ...

Blog, Business Advice, SMEs

Preparing your business for the summer

Apr 11, 2023

If you run a business in a tourist hotspot, you need to get prepared for the summer. As the days get warmer, your business is likely to see a surge in demand. But what can you do to get ready? Recognise the ...

Blog, Business Advice, SMEs

What salary should I take as a director of a limited company?

Apr 06, 2023

Being a director of a limited company means having the ability to pay yourself in a different manner to being a typical PAYE employee. In the context of a limited company, it is common for the director to receive a salary ...

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Blog, Business accounting, Business Advice

Invest in your peace of mind: How an accountant can reduce financial stress

Apr 04, 2023

Managing finances can be a complex and time-consuming task, especially for business owners and professionals. It is easy to become overwhelmed by the intricacies of accounting, taxation and financial planning, which can ultimately lead to increased stress levels. In recognition of Stress ...

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Blog, Business Advice, SMEs

Is your business ready for the new tax year?

Mar 30, 2023

Getting the tax year off to a good start will help you to optimise your overall financial position. But you need to plan ahead. Effective planning helps you to keep your business organised and compliant. It also enables you to maximise ...

Blog, Business accounting, Business Advice

How to prepare for business succession

Mar 28, 2023

The pandemic and lockdowns would have had many businesses considering the future and what may happen if they become ill or incapacitated or what happens to their business after they retire or the unexpected happens. It could be that if you ...

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