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We regularly write articles to keep you up to date with changes that affect your growing business.

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Blog Blogs

Understanding ESG investments – What should you know?

The financial landscape in the UK, as well as globally, is in a constant state of change. The current focus is very much based around Environmental, Social, and Governance (ESG) investments. The growing worldwide concern for climate change, social justice, and corporate accountability is reshaping business practices, and the investment community is not exempt. Investors

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Advisory Insights Blog

Adapting your business plan for the summer

With the summer holidays nearly here, small businesses, especially in the hospitality industry, face a distinct set of challenges. As the weather improves, people spend more time outdoors and families go on trips and holidays together. As a result of this, small business owners must be prepared to adapt and make the most of the

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Advisory Insights Blog

How businesses can tackle late payments while preserving business relationships

There can be nothing more frustrating for business owners than waiting on payments from clients. Unfortunately, these instances happen frequently, and while some payments will come in only a few days late, other payments can take a lot longer and will require chasing. Late payments can be damaging, especially for Small and Medium Sized Enterprises

Ensuring your small business is prepared for the future
Blog Blogs

Ensuring your small business is prepared for the future

In the ever-changing business landscape that we see today, merely reacting to events as they occur is not enough. For your small business to thrive, you must be proactive – anticipating future trends, challenges, and opportunities. Planning and executing financial strategies ahead of time can increase efficiency, optimise financial performance, and mitigate risk. Looking to

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Latest News News

Are banks supportive of SMEs and willing to assist their growth?

Small and medium-sized businesses (SMEs) have struggled to access finance from banks for a while, with many having to turn to alternative lenders and sources to secure much-needed funding for investment. However, the scale of this issue has not previously been explored in significant detail until now. A new study has found that almost three-quarters

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Latest News News

HMRC sets its sights on SMEs over UK tax gap

The tax gap in the UK – the difference between the amount of tax owed and the amount that has been paid – remains wider than anticipated due to SMEs, according to HM Revenue & Customs (HMRC). The tax authority’s figures for 2021/22 show that small and medium-sized enterprises (SMEs) contribute significantly to the national

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Latest News News

Inflation and increased interest rates – What does it mean for businesses?

Office for National Statistics (ONS) data revealed that the Consumer Price Index (CPI) – the official measure of inflation – only fell to 8.7 per cent in the 12 months to May 2023. While the rate of inflation is not as high compared to previous months, where it peaked at 10.4 per cent in February,

Selfie of John Moffat, CEO of Benson Wood & Co Chartered Accountants, walking with dog for charity and wearing Scottish Huntington's Association t-shirt
Latest News News

John puts his best foot forward for Scottish Huntington’s Association

As part of our ongoing drive to raise money and awareness for Scottish Huntington's Association (SHA) our very own CEO John Moffat is taking on two tough challenges. In his first challenge, John has committed himself to walking more than 15,000 steps a day for 100 consecutive days over the coming months to raise money

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Latest News News

Management accounts: The importance of having a clear view of your business during uncertain times

In times of economic uncertainty, businesses should have a clear plan to ensure that they can navigate any potential financial pitfalls. One of the best ways businesses can do this is with the use of management accounts. What are management accounts? Management accounts are financial reports that contain information vital to your business, such as

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Blog Blogs

Preparing your business for a merger or acquisition

Mergers and acquisitions (M&A) are often completed to gain market share, increase revenue, or expand business amongst many other things. When you and another business decide to complete an M&A, it can be a stressful process to ensure everything is done correctly and a successful deal is achieved. The most important part is ensuring that

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Latest News News

The hidden economy: What income should you declare?

The number of individuals participating in the UK’s ‘hidden economy’ is increasing according to recent research. A surge in additional income streams, from moonlighting to online trading, has led to millions of taxpayers failing to declare additional earnings to HM Revenue & Customs (HMRC). HMRC's latest figures highlight the extent of this issue. They showed

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Latest News News

Time to exit: New research shows many business owners are planning ahead

New research from wealth management firm Evelyn Partners has revealed that the majority of business owners with companies that earn more than £5 million annually are preparing for an exit. With 65 per cent of UK business owners contemplating the sale of their company, and almost half intending to do so within the next year,

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