7th November 2024
Within family businesses, tension can arise if the current leaders are unwilling to relinquish control and the next generation is eager to take the reins. In fact, over the centuries it is precisely these tensions that have seen many family businesses and even personal relationships come to an end. It is for this reason that […] Read More
23rd September 2024
Did you know that more than 35% of businesses in Europe are using cloud-based accounting solutions? But what exactly is cloud-based accounting and how could it help you to streamline your financial management processes? An Introduction to Cloud Accounting Also sometimes known as online accounting, cloud accounting is a financial information management system that takes […] Read More
20th September 2024
Financial statements are important for understanding a company’s financial health. In the UK, they follow strict rules, often based on International Financial Reporting Standards (IFRS). This can make them look a bit confusing if you’re not used to them. But have no fear – for beginners, this guide will help you understand the basic parts […] Read More
13th September 2024
Changing accountants is a significant decision for any business or individual. Your accountant handles crucial financial matters like taxes and long-term planning. Trust is key in this relationship, but there are many reasons you might consider switching accountants. Whether it’s due to evolving business needs or dissatisfaction with current services, here’s why people often make […] Read More
30th August 2024
When starting your own business, one of the first considerations you’ll need to take into account is how you want to legally structure your company. Let’s take a look at the different options available and how best to approach deciding which is the ideal option for your business. An Overview of Business Structures There are […] Read More
13th August 2024
Businesses with a Value Added Tax (VAT) taxable turnover exceeding £90,000 are required to register for VAT, however, businesses with lower turnover can also opt-in. An Overview of VAT in the UK VAT is added to the majority of services and products sold in the UK by VAT-registered businesses. The standard VAT rate is 20%, […] Read More
29th July 2024
As a small business owner, you already recognise the importance of staying as competitive and as efficient as possible. A financial health check can help you to ensure you’re in the best possible financial position to strive for future growth and retain your position as a leading business in your niche. What is a Financial […] Read More
24th April 2024
Investing in a strategic approach to tax planning is crucial to ensuring your business is in the best possible position to drive growth and optimise your financial resources. Tax regulations and laws can be difficult to navigate, quickly becoming overwhelming for even experienced teams. To help you get started on your tax planning journey, let’s […] Read More
11th April 2024
Although it can be tempting to want to handle every element of your business yourself on an in-house basis, outsourcing certain tasks and functions can ease some of the pressure on your shoulders and ensure you are spending both your time and your resources wisely. There are many benefits inherent in outsourcing payroll, so let’s […] Read More
1st March 2024
The year 2024 brings significant changes to the UK tax landscape, impacting small businesses across the country. Understanding these changes and their implications is crucial for business owners to make informed decisions and adapt their strategies accordingly. Here, we delve into the key tax changes affecting businesses in 2024 and provide actionable insights for navigating […] Read More
In July, 2017 HMRC announced that all businesses and individuals will eventually have to file their accounts digitally.
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