How can your business boost its revenue?

Development,And,Growth,Concept.,Businessman,Plan,Growth,And,Increase,Of

How can your business boost its revenue?

Mar 22, 2022

Raising revenue is often one of the key objectives for small and medium-sized businesses (SMEs), however it can be a difficult process to navigate. The last two years have had a damaging impact on UK businesses, with closures due to coronavirus ...

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Blog, Business Advice, SMEs

Payroll: how to get it right

Mar 15, 2022

One of the key things that small and medium sized businesses (SMEs) need to get right is payroll. Not only is it a legal requirement to maintain the relevant documents and pay the correct amount of tax, getting prepared can help ...

Blog, Business accounting, SMEs, Tax, VAT

Benefits of cloud accounting software far outweigh costs, study reveals

Feb 11, 2022

Cloud accounting software adopters are more likely to experience the benefits of Making Tax Digital (MTD) for VAT than those using only bridging software, a new study has revealed. The research, published by HM Revenue & Customs (HMRC), comes ahead of ...

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Blog, SMEs

Claim up to £5,000 towards the cost of cloud accounting software under new Help to Grow: Digital scheme

Jan 21, 2022

Small businesses could get up to £5,000 to pay for cloud accounting software under the Help to Grow: Digital scheme, it has been announced. The initiative – which forms part of the Government’s flagship support programme for small businesses – launched ...

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Blog, SMEs, Tax

Businesses that do not use MTD for VAT make more errors than those that do, study reveals

Jan 13, 2022

Small and medium-sized enterprises (SMEs) that do not use Making Tax Digital (MTD) for VAT make more errors than those that do, a major study has revealed. The research, published by HM Revenue & Customs (HMRC), comes before the introduction of ...

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Blog, SMEs

How much will Net Zero really cost SMEs?

Dec 14, 2021

As many companies will already know, COP26 took place in Glasgow last month and fuelled many firms to commit to going Net-Zero by 2050. Currently, there are several green taxes already in operation, such as the Climate Change Levy (which encourages ...

Big,Choice,Of,Fresh,Fruits,And,Vegetables,On,Market,Counter

Blog, SMEs

Small business confidence dips ahead of new customs controls coming into force

Nov 26, 2021

Four in 10 exporters have reported a fall in international sales since the end of the Brexit transition period, a major study has revealed. The finding forms part of the Federation of Small Business’ (FSB) Small Business Index (SBI), which provides ...

Internet,Scam.,Fraud,Danger,Online.,Man,Holding,An,Empty,Wallet

Blog, Business accounting, Business Advice, HMRC, Personal accounting, SMEs

Scams: the heavy financial and health burden

Oct 20, 2021

According to recent research, the total amount of money it costs a fraudster’s victim to get help with their wellbeing after being scammed is £9.3 billion a year. This unwanted financial burden is equivalent to £2,509 per annum for each victim. ...

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Blog, SMEs

Self Employed? HMRC’s self-serve Time to Pay facility may help you pay tax

Oct 15, 2021

Self employed workers who believe they may struggle to pay tax this year should consider arranging an affordable payment plan, HM Revenue & Customs (HMRC) has said. The report comes ahead of the 31 October 2021 paper Self Assessment deadline. While taxpayers ...

Tax,Time,Post-it,On,Alarm,Clock,And,Individual,Income,Tax

Blog, Business Advice, HMRC, SMEs, Tax, VAT

MTD for Income Tax delayed until April 2024, HMRC confirms

Sep 27, 2021

Making Tax Digital (MTD) for Income Tax will be delayed until April 2024, the Government has confirmed. It means self-employed business owners and landlords will have one more year to prepare for the digitalisation of Self Assessment. According to HM Revenue & ...

SMEs