The bi-monthly survey of 500 business leaders from accountancy firm revealed that a third of businesses surveyed expect to increase the prices of their goods and services as a direct result of rising inflation with the same number concerned about increasing energy prices and a third also concerned about supply chain disruption. Overall, 80% of…
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The latest Treasury figures on compliance with anti-money laundering rules shows that the total fines issued for breaching the rules was £53.2m in 2019/20, including penalties for professional service firms However, the total value of fines has decreased from £121.8m in 2018-19 to a total of £53.2m in 2019/20. In 2019-20, HMRC issued 31 fines,…
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To succeed in business requires good strategic decisions, informed by in depth understanding of your own business performance and the wider market. Evaluating business performance doesn’t need to be overly complicated. Review your business activity and what you set out to achieve Your business goals should keep you focused. Set targets for your business to…
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In-house finance teams could be a thing of the past with 33% of business leaders and employees seeing external expertise as essential for businesses to thrive after the Covid-19 pandemic. New research by consultancy and advisory firm Theta Global Advisors found that expertise and leadership within businesses is gradually shifting towards a greater reliance…
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There’s so much to think about when running a small business and you can’t do it alone forever. For one thing, handling the financial side of your business is a full time job in itself and you really can’t afford to take your foot off of the gas for any length of time. Without external…
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A Simple Guide to Employee Expenses Employee expenses can be easy for staff to write off as simply saving the receipt for something they had to pay for, and claiming it later through expenses. The truth is that there are strict rules outlined by HMRC around what employees can expense and what they can’t. Here’s…
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