We regularly write articles to keep you up to date with changes that affect your growing business.
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SME
Many UK employers are topping up pay packets of valued employees with a cost-of-living payment when they are unable to offer a pay rise. The Chartered Institute of Personnel and Development (CIPD) summer Labour Market Outlook for 2022 found that 15 per cent of organisations have paid, or are planning to make these payments to some
Advisory Insights
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Whether you have heard of this phrase within business or not, every company will have these ten hats, if you will. This is comprised of: Shareholders Director Leadership Product/Service Development Operations Marketing Sales Finance HR Admin/IT. The problem with these ten hats is that often one person is wearing far too many of them and
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Blogs
The clock is ticking for taxpayers, as the countdown to submit online Self-Assessment tax returns has begun. With less than 100 days to go, HM Revenue and Customs (HMRC) is reminding people that they have until 31 January 2023 to submit their forms for the 2021 to 2022 tax year. Who needs to complete a
Advisory Insights
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Starting a new business can be a daunting and challenging prospect. Although many new entrepreneurs already have a clear vision of what they want to do, they may not know where to start. So, how can you get your business on the right track to growth and success? Write a business plan Ensuring your plans
Advisory Insights
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With SMEs throughout the country struggling to grow and maximise profits, given the economic headwinds, fraud could be a major problem. According to the Metropolitan Police, fraud can come from anywhere, including: Staff members Customers Suppliers Third parties, unconnected to the business Around 46 per cent of UK businesses cite fraud as a ‘top threat’
Advisory Insights
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Management accounts are a set of regular reports created to provide insight on the financial performance of your business. Generally produced monthly or quarterly, they are essential to how you operate, allowing a better understanding of your current financial position, and helping you ensure you are on the right track to achieving your goals and
Advisory Insights
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Communication and networking may not seem a priority for busy SMEs struggling against economic headwinds at the moment. However, building up a network can be a way to generate business, give your company a higher profile and develop knowledge of what is happening in the industry. There can be opportunities to look at recruiting top
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Tax
Recent plans to reintroduce tax-free shopping for international visitors in the UK have been scrapped. Last month, former Chancellor, Kwasi Kwarteng reintroduced tax-free shopping as part of his mini-Budget. However, the new Chancellor, Jeremy Hunt, repealed this measure in his fiscal statement yesterday, confirming that the Government will no longer be progressing with the scheme.
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The markets have experienced considerable volatility as a result of the ‘Growth Plan’ delivered by the former Chancellor, Kwasi Kwarteng on 23 September. That made regaining economic confidence an urgent task for the newly appointed Chancellor, Jeremy Hunt, who has delivered a reversal of many of the key tax measures announced in the mini-Budget in
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The Prime Minister has announced that the Corporation Tax increase announced by the previous administration and then cancelled by the former Chancellor Kwasi Kwarteng will take place in April 2023. What does the announcement mean? Companies with profits of £250,000 or more For companies with profits of £250,000 or more, the upper profits limit, the
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Blogs
Did you know that an estimated 28.5 billion paper trade documents are printed and distributed across the globe every day? The Electronic Trade Documents Bill, introduced to parliament yesterday, aims to reduce this figure, as well as boost the UK’s international trade, which is already valued at more than £1.4 trillion. What is changing? Currently, business
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Business
With the deadline for returning paper Self Assessment tax returns for the 2021 to 2022 tax year rapidly approaching, HM Revenue & Customs (HMRC) has warned taxpayers to be on the lookout for fraudsters. HMRC says it has responded to more than 180,000 referrals of suspicious contact from the public, in the 12 months to
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