We regularly write articles to keep you up to date with changes that affect your growing business.
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The current economic climate is less than favourable for small and medium-sized enterprises (SMEs). Due to this, it is important for SMEs to continually seek innovative and efficient ways to fuel their growth and overcome financial challenges. One innovative solution that has emerged in recent years is fintech lending – a digital-first approach that is
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Blogs
His Majesty the King's speech, at the state opening of Parliament, is a significant event for businesses and financial professionals who rely on Government regulation to function effectively and within the law. Last week’s speech outlined the Government's legislative agenda, signalling potential shifts that could impact your business and the economic landscape of the UK
Advisory Insights
Blog
Starting a freelance career marks a significant transition from traditional employment but it’s a decision that many are nervous to make. Freelancing, while offering greater flexibility and autonomy, comes with its own set of challenges, decisions, and an increased responsibility for your finances. The first decision you need to make is whether to become a
Advisory Insights
Blog
The Department for Business and Trade has recently released feedback on two major consultations concerning payroll and holiday entitlements. Changes in holiday entitlement calculation The Government has opted against adopting a 52-week reference period for holiday entitlement. Now, the calculation of holiday entitlement for workers with irregular hours or those working part of the year
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The recent survey by the British Chambers of Commerce (BCC) reveals a concerning lack of preparedness among UK small and medium-sized enterprises (SMEs) for ongoing EU regulations and tax changes. A staggering 80 per cent of SMEs surveyed are unaware of the reporting requirements for the EU's new Green Tax, which took effect on 1
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News
Recent years have held a lot of uncertainty for small and medium-sized enterprises (SMEs) and independent businesses. While there are signs of recovery, SMEs have seen slow growth in recent months. However, with employment increasing at a faster pace than in large firms, there is a variety of ways in which small businesses can protect
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Financial initiatives to support business growth are continually being announced by the Government, local authorities, individuals and private-sector companies. Funding from private companies often aims to nurture specific industries, particularly high-growth sectors like technology, sustainable manufacturing and healthcare. They might target general growth or specific projects, such as the development of a new product. If
Accounting
Blog
There are many financial and legal benefits to being married or in a civil partnership, but one of the most overlooked reasons is the potential for tax relief. This is because, thanks to the Marriage Allowance, where one partner earns below the tax threshold, they can transfer a portion of their personal allowance to the
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News
Inheritance tax (IHT) can be a sore subject for some taxpayers, especially when it comes to passing on the family home to the next generation. Often referred to as a “death tax” it cannot be ignored if you intend to leave considerable wealth to your beneficiaries. Recent developments indicate that more families than ever could
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News
The recent update to HM Revenue & Customs’ (HMRC) Employment Income Manual is a significant development for businesses and employees utilising company cars, particularly electric vehicles (EVs). The revised guidance now aligns with existing legislation, specifically, Section 239 of the Income Tax (Earnings and Pensions) Act 2003, which states that reimbursements for expenses incurred in
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News
Making sure you’re paying the right amount of tax can be taxing! If you receive a State Pension or other type of pension, then you may still need to pay tax on it. Without the pay-as-you-earn (PAYE) structure of the workplace, you may find it hard to know when and how to pay tax on
Accounting
Advisory Insights
As a business grows, its accounting needs become more complex and time-consuming. This is where the concept of scalability comes into focus for many business owners. Scalability refers to the ability of a system to handle a growing amount of work or its potential to accommodate growth. When it comes to accounting, scalability is a
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