We regularly write articles to keep you up to date with changes that affect your growing business.
Accountancy
Advisory Insights
Business growth can mean different things depending on the owner and the stage of the business. For some, it means increasing sales. For others, it means improving profit, taking on staff, moving into new markets, investing in systems, or building a business that feels less dependent on them day to day.
Blog
Our new company values weren’t written by one person and handed to the team afterwards. We brought everyone together away from the office to work through real examples from inside the firm, so the values reflected how Benson Wood works with clients and as a team.
Advisory Insights
Blog
We brought together 17 professional services owners from Lanarkshire and Central Scotland to talk about business resilience and what would happen if they couldn’t work for 6 months. We asked where the business relied too heavily on them, what a healthier firm could look like in 5 years, and what it really takes to build a more resilient business.
Accountancy
Accounting
Corporation tax Corporation tax – the tax companies pay on their profits – has been a hot topic in Scotland over the past few years. Although corporation tax rates are set by the UK Government (making it a reserved matter rather than devolved to Holyrood), the effects are keenly felt by Scottish businesses and industr…
Accountancy
Accounting
Automation: Trend or Transformation? In the rapidly changing field of finance, Scottish SMEs are increasingly questioning whether automation and artificial intelligence (AI) represent the future of bookkeeping or if they’re simply the latest industry trend. Understanding Automation: Robotic Process Automation (RPA) Au…
Advisory Insights
Blog
Some might think accountancy is just about numbers on a page or ticking boxes at the end of the year. At Benson Wood & Co, we know it's much more than that. For many of our clients — small businesses, freelancers, and growing teams — we’re a sounding board, a strategist, a network matchmaker, and
Accountancy
Accounting
Accounting terms are not the easiest to understand - so we've made a list of the key accounting terminology, with definitions, that you should know.
Accountancy
Accounting
Choosing an accountant is no easy task, so here are the 5 steps you should follow to find the right accountant for you and your business.
Business
Business Advice
How should you pay yourself when you own a business? Salary, dividends, or a combination? Read our guide to discover the most tax-efficient method for you.
Business
SME
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, was last seen in the UK in 2020 during the Covid-19 pandemic. The risk
Business
Business Advice
Running a small business involves a lot more than juggling logistics. Knowing how to tackle and overcome challenges is an essential aspect of entrepreneurship. Rather than solely being determined by skill, your success as an entrepreneur is underpinned by your personality and your approach to challenges. One of the key psychological theories that comes into
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