SMEs
What 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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Financial techniques to maximise your business’ growth
Dec 14, 2023
To successfully grow your business, you need to not only know your current business position but also where you want to be in three or five years’ time. Short-term, medium-term, and long-term plans will help to achieve your goals. How do I ...
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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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Year-end tax planning strategies for #SmallBusinessSaturday
Nov 30, 2023
As we approach the 31 January 2024 tax return deadline, it's crucial for sole traders, to be well-prepared and aware of your obligations. Below, we outline some practical steps to help you navigate the complexities of the Self-Assessment tax return, a ...
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How SMEs should prepare for and handle tax investigations
Nov 28, 2023
Between the 2020/21 and 2022/23 tax years, there was a 21 per cent rise in tax investigations into SMEs, highlighting the fact that HM Revenue & Customs (HMRC) has ramped up its interest in this area. With this in mind, compliance ...
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How to use the new HMRC app for your tax returns
Nov 23, 2023
For small businesses navigating the Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) initiative, tax returns can be complex. The new HM Revenue & Customs (HMRC) app seeks to make the process easier, however. The digital tool marks a significant shift ...
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How fintech lending can help SMEs unlock new financing opportunities and boost growth
Nov 21, 2023
The current economic climate is less than favourable for small and medium-sized enterprises (SMEs). Due to this, it is important for SMEs to continually seek innovative and efficient ways to fuel their growth and overcome financial challenges. One innovative solution that has ...
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How the King’s speech could affect your business finances
Nov 16, 2023
His Majesty the King's speech, at the state opening of Parliament, is a significant event for businesses and financial professionals who rely on Government regulation to function effectively and within the law. Last week’s speech outlined the Government's legislative agenda, signalling ...
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