We regularly write articles to keep you up to date with changes that affect your growing business.
Blog
Lanarkshire
Since 1936, Benson Wood has been supporting Lanarkshire businesses. We are a firm of Chartered Accountants and Business Advisers based in Bellshill, working with growing professional services firms across Lanarkshire and Central Scotland. Our connection to the area influences how we build the team and where we choose to invest the firm’s time and money.
Blog
Growth Vision Workshop
Taking a full day away from your business is a significant commitment, so you’ll want to know how that time will be spent.
Accountancy
Advisory Insights
AI is unlikely to replace bookkeepers, but it will continue to change their work. Software can handle routine processing much faster, leaving bookkeepers more time to check the records and investigate anything unusual.
Advisory Insights
Business Advice
An accountant can help your business grow by giving you an understanding of what it can afford and what your plans could mean financially. When they know the business and stay involved throughout the year, they’re also more likely to spot problems early.
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
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
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