Too often, the adage that the right hand doesn’t know what the left hand is doing holds true in the workplace. Lack of communication can kill a business faster than you think. It’s hard to think of a workplace in any industry that doesn’t require good communication skills. In fact, some of the most successful…
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Hiring a quality accountant is a wise investment in the financial health of your business. It can be tempting to choose a cheap accounting firm in the interest of saving money, but this often proves to be a costly mistake. It may seem like great accountants cost a lot but they save you even more…
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Cash flow forecasting can show you the ups and downs in your business. If you want to know what action to take, this is one tool that can help. A few budgeting tips here and there might help you remain profitable in the long run. And they can even help you achieve success. But beyond…
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Small businesses often put off hiring an accountant until they’ve grown bigger, but that’s a mistake that can actually delay growth. The services of an accountant extend beyond simply minimizing your tax bill, although that’s an undeniably valuable advantage. In addition to saving you time and money, a good accountant helps you to manage your…
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A new loan scheme to support access to finance for UK business as they grow and recover from the disruption of the Covid-19 pandemic was announced at the Budget The Recovery Loan Scheme ensures businesses of any size can continue to access loans and other kinds of finance up to £10 million per business once…
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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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HM Treasury (HMT) has published a factsheet covering the new super-deduction announced in the 2021 Budget, which will allow companies to cut their tax bill by up to 25p for every £1 they invest in qualifying assets. Broadly, between April 2021 and 31 March 2023, companies investing in qualifying new plant and machinery assets will…
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Originally announced by the Chancellor of the Exchequer in September 2020, Pay As You Grow (PAYG) will enable businesses who have started repaying their Bounce Back Loans to: request an extension of their loan term to 10 years from six years, at the same fixed interest rate of 2.5% reduce their monthly repayments for six…
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Budget 2021: corporation tax to increase to 25% In April 2023, the rate of corporation tax will increase to 25%, a 6% increase from the current 19% while at the same time creating a small profits rate for businesses with less than £50,000 profit who will continue to pay corporation tax at the current 19%…
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Team work makes the dream work, or so the saying goes, but there’s a lot more to building a team than hiring a few talented individuals. A strong and united team is essential for the growth of your business, but powerful teams don’t happen by accident. It’s vital that you invest time and effort into…
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