We regularly write articles to keep you up to date with changes that affect your growing business.
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Companies House has gone fully digital after the announcement of the closure of its office in London and all filing being transferred online. It has also permanently shut the public counters in Cardiff, Belfast and Edinburgh. Online services will be available 24 hours a day, seven days a week. Changes have taken place with improved
Latest News
Millions of new taxpayers will be created by the extended freeze on the income tax thresholds. In the Autumn Statement, the Government froze the thresholds until 2028 – two additional years on its original plans. The income tax thresholds for basic (20 per cent) and higher rate (40 per cent) taxpayers will remain unchanged, while
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You have overcome those initial obstacles in starting a new business and are now trading comfortably. The question is, where do you go from here? Despite difficult economic times, now is the time to consider growing your business. Sales is an obvious area for growth, so you need to keep current customers happy while at
Latest News
Chancellor Jeremy Hunt has announced a series of changes to the UK research and development (R&D) tax credit regime, including a cut to the deduction and credit rates for the SME scheme. The R&D SME scheme enhanced deduction rate will be cut to 86 per cent from the current 130 per cent, and the payable
Latest News
Planning for the future is essential when running a business and, ideally, you should have a perspective of where you want to be in three to five years. Goals or targets provide a sense of direction, focus, and motivation. But how do you set aims effectively? You could try the SMART method. This relies on five
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Blogs
The Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) initiative has been delayed by two years, it has been revealed. It will now be phased in from April 2026 for a smaller number of businesses, rather than the previously announced launch date of April 2024. How will this impact you? From the new start
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Personal Tax
Understanding your income tax and personal allowance is important when looking at your finances and how you are taxed. Everyone has a personal allowance, but what does this mean for you? A personal allowance is the amount of money you are allowed to earn each tax year before you start paying income tax. How much
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Business Blog
The Deputy First Minister, John Swinney, presented his Budget to the Parliament in Holyrood, announcing a variety of tax changes and spending plans. In what he called the “most turbulent economic and financial context most people can remember”, he said an increase to the highest rates of income tax would generate £1 billion for health
News
Are you a business owner who wants to gain a more depth insight into annual accounts? These accounts are often known as business accounts and are important in order to ensure our business runs successfully. What are annual accounts? Annual accounts provide a complete record of a business’s financial history for a financial year. This
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Blogs
Starting a business is an exciting venture and opens up opportunities and the chance to be your own boss. There is much to consider when setting out, including funding, staffing, strategies, sales, marketing and financial forecasts. You will need a business plan You’ll need a business plan if you want to secure investment or a
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Business
As a business owner, the financial health of your company plays a key part in every decision you make. Management accounts are a great way to review the financial standing of your company, allowing you to make any necessary alterations and place your attention where it is needed most. So, how can you maximise these
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Blogs
Are you thinking about ways to grow your business but are unsure of where to start? Look no further. In this post, we will tell you our top tips on how to get started with growing your business. Concerns you may have about growing your business If you are thinking of growing your business, you
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