We regularly write articles to keep you up to date with changes that affect your growing business.
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The current cost of living crisis in the UK has already seen the economy decline, with customers saving money and consuming less. As a result, the growth of SMEs has halted, with post-pandemic recovery decelerating. With continued uncertainty and the possibility of long-term effects, many businesses will be harbouring concerns. So, how can you alleviate the dangers
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Business
Everyone dreams of that moment when they realise that their business is growing and succeeding. It might happen overnight or be a gradual realisation but either way, you can celebrate this success. But success comes with its own unique challenges and we have several tips for you to manage growth and success in the best
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Finance
As the cost of living crisis continues to bite, more than a million families will be receiving help from the first week of September. HM Revenue & Customs has confirmed that around 1.1 million claimant families receiving tax credits will get their first Cost of Living Payment from Friday 2 September. The £326 will be
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Blogs
Are you signed up to Making Tax Digital for VAT? Failure to do so will result in penalties from 1 November 2022, HRMC has confirmed. Legally, VAT-registered businesses are required to utilise MTD-compatible software to maintain their VAT records and file their VAT returns. Chief executive of HMRC, Jim Harra, said: “I’m writing to let
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Blogs
A new survey has revealed that 93 new businesses were created every hour across the UK in the first half of 2022. According to the data, despite economic headwinds, rising inflation and rocketing energy costs, the number jumped by 18 per cent year on year. Data from Companies House shows over 402,000 businesses were registered
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Business
Anyone can start a business but not everyone can grow a business into a flourishing enterprise. If you want your business to flourish, some key steps can help you on your way towards growth. Even if your business is well established and making a good profit, there can always be things to improve on when
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Blogs
With the new school year fast approaching, HM Revenue and Customs (HMRC) is prompting families to make use of up to £2,000 a year towards their child’s wraparound care. Working families can benefit from Tax-Free Childcare, which offers financial aid towards the expense of childcare for children aged 11 or under, or up to 17
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Figures from the Office for National Statistics (ONS) show that in early summer, holiday bookings helped grow the economy. As many were unable to holiday abroad this year, because of ongoing COVID-19 restrictions and the chaos at British airports, many turned to staycations. But like the rest of the country, holiday destinations and resorts are
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A huge majority of small businesses are ploughing more money into their business than they are taking out for a least one month of every year. As firms feel the squeeze of the rising cost of living and soaring fuel bills, a survey shows that typical small businesses will lose money for one-third of the
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One of our Administrators, Nicole Gordon, will be taking to the skies for a skydive on 18 September to raise money for our official charity, St. Andrew’s Hospice. Most people are familiar with the hospice in some way and the amazing things that they do, providing specialist palliative care and support to patients, families, and
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Being your own boss is a dream for a lot of individuals, however, the reality of running your own business can be stressful. To make your owner-managed business a success, you will need a clear vision and a plan for how to achieve this. Outline your goals With any goal you have, whether it is
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In the second blog of this series on tax year basis reforms, we will examine how these changes could affect unincorporated businesses. We touched on the practical implications of the reform in our previous blog. How does this change affect me? As mentioned in our previous blog, the step away from the “current year” basis
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