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
UK Businesses still expect growth From London to Lanarkshire, optimism is making a quiet comeback. Despite persistent inflation, rising costs, and global uncertainty, most UK SMEs are still predicting stronger turnover and profitability as 2025 enters its final quarter. According to Lloyds Bank’s latest Business Barom…
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…
Accountancy
Accounting
Learn how the 1.2% rise in Employer NICs from April 2025 affects Scottish businesses and explore 5 actionable strategies to manage payroll costs.
Accounting
Blog
Summer marks a busy season of holiday goers for UK employers and managing covers for annual leave, but don't fall into the trap of summer without making sure you are taking care of your deadlines! July 6 is the P11D submission deadline, and it's fast approaching. And if your business offers employees any benefits
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
Advisory Insights
Blog
New year, new me. New financial year... new business? Using the excitement and ambitions that a new year provides, launching a new business seems like the perfect move right now. However, it’s not an easy process and can quickly become overwhelming if the appropriate steps aren’t followed. Turning your entrepreneurial dream into reality requires
Blog
Blogs
Scared of the UK 2025 tax deadlines? Here is how to stay ahead and avoid the pinchy penalties! The 2024-2025 financial year is coming to a close, and it’s your last chance to get your tax affairs in order! HMRC tax deadlines don’t wait around for anyone, and missing them can result in hefty penalties that impact both
Blog
Blogs
Understanding your payslip is a crucial step in managing your finances and ensuring compliance with tax regulations. That is because a payslip provides a detailed breakdown of your earnings, deductions, and net pay. This amount of information can seem overwhelming at first glance, but it doesn’t have to be difficult. Here you’ll learn not only
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