We regularly write articles to keep you up to date with changes that affect your growing business.
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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
Advisory Insights
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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
Advisory Insights
Blog
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
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Blogs
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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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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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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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,
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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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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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Blogs
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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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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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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