We regularly write articles to keep you up to date with changes that affect your growing business.
Blog
Business
Many businesses find that they have gone as far as they can in the domestic market and are looking for new frontiers to explore. Post-Brexit, trading with our nearest neighbours is not as straightforward as before, but there are still great opportunities both in Europe and the wider world to market your products. Get it
Latest News
Just a few days short of the third anniversary of the first Covid lockdown, Chancellor Jeremy Hunt rose to the Despatch Box to deliver the first full Budget to have taken place in 504 days and the first unaffected by the immediate impact of the pandemic since October 2018. Of course, in that time, we have had several…
Blog
Business
Digital fraud, also known as cyber fraud or online fraud, refers to any type of fraudulent activity that takes place in the digital space. This can include fraudulent transactions, identity theft, phishing scams and more. Digital fraud is a growing problem that affects individuals, businesses and organisations of all sizes. According to the Crime Survey
Blog
Blogs
You will now have more time to make any voluntary National Insurance (NI) contributions, as the deadline has been extended. A Written Ministerial Statement on 7 March 2023 announced that the original deadline of 5 April 2023 has been pushed back to 31 July 2023, in response to public concerns about the closure of the
Accountancy
Accounting
You are an established business and doing well, but you are still ambitious and looking to improve and expand. What kind of client are you looking to attract, is it a small number of larger high-value targets or a large number of smaller clients? Understanding clients and providing a professional service is key. Looking for
Blog
Business
Travel expenses are costs incurred by an employee whilst travelling on behalf of their company, which is away from their usual place of work. Employees can claim tax relief for the money spent on: Vehicle mileage Parking fees Food and drink Public transport costs Hotel accommodation if you have an overnight stay Employers are required
Blog
Business
Effective financial record keeping is crucial for any business owner to maintain compliance with tax regulations and gain a clear understanding of their financial status. Although you may already have established bookkeeping practices, it is crucial to periodically review and update your financial records and processes. Accurate financial records provide valuable insights into your business's
Blog
Business
Taxpayers have been reminded that a penalty deadline for unpaid Self-Assessment tax is imminent. HM Revenue & Customs (HMRC) will automatically add a penalty to your tax bill equal to five per cent of the Self-Assessment tax you owe for 2021/22 which is unpaid after midnight on 2 March 2023. So urgent action is needed.
Blog
Business Blog
Small businesses saw a sharp increase in the length of time clients took to pay their invoices last month, according to data from accounting software Xero. The amount of time businesses had to wait for payment in January rose by 0.6 days to 30.5 days. On average, businesses were made to wait an extra 8.4
Blog
Blogs
It’s important to stay up to date with the latest regulations and requirements related to taxes, including Value Added Tax (VAT) to avoid penalties. HM Revenue & Customs (HMRC) recently reminded businesses about new VAT penalties and interest payments ahead of the filing deadline. Here's what you need to know: What are the new penalties
Blog
Business
Starting a business can be an exciting and rewarding experience. But without considering certain steps, you may struggle to reach your goals. Before you begin the process, you need to have a business idea and have done your research on what you can add to this idea and how you will grow as a business.
Blog
Business Advice
Having general accounting knowledge is crucial for any business owner, especially during tax season. Understanding common accounting terms is highly beneficial, as you will identify how they relate to your business and how it is performing. To help, we have compiled a list of 10 common accounting terms, their definitions and any abbreviations you may
No resources found. Try a different category or search term.
