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How to Analyse Your Business’ Financial Position

Keeping a close eye on your company’s financials is essential in planning a business strategy. Here are the crucial steps to do just that. Every company should pay attention to…
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How To Improve Your Time Management As A Business Owner: 7 Easy Tips

It takes a lot to run a business and it’s essential to manage your time well. Building a business undoubtedly requires you to put a lot of hours in, but…
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HMRC temporarily waives late payment penalties

The payment deadline for self assessment is 31 January and interest is charged from 1 February on any amounts outstanding. Normally, a 5% late payment penalty is also charged on…
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MTD is coming to corporation tax

Making Tax Digital (MTD) has been with us for VAT purposes for over a year and a half and is due to be extended to income tax self-assessment from April…
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New fund will help small firms with post-Brexit changes to trade rules

The Chancellor of the Duchy of Lancaster, Michael Gove, has announced a £20 million SME Brexit Support Fund to help small businesses come to terms with changes to trade rules…
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Bounce Back Loan repayment terms extended to 10 years

Businesses that took out government-backed Bounce Back Loans to get through Covid-19 will now have greater flexibility to repay their loans, the government has announced. Bounce Back Loan borrowers will…
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Insolvency protection extended to April 2022 due to pandemic

The government has given businesses much-needed breathing space with extension of insolvency measures under the Corporate Insolvency and Governance Act to relieve pressure on businesses dealing with coronavirus. The government…
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Five Ways to Reduce Costs and Boost Your Profitability

Not sure why your bottom line isn’t pretty? Sometimes, overspending can hurt your profitability despite your record sales. Profitability doesn’t only come from sales numbers. And a profitable business isn’t…
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How to Create a Realistic Business Budget

Your business needs a budget but when you’re starting out it can be tempting to skip this step. That would be a mistake, because a budget is a powerful tool…
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HMRC remind taxpayers to claim marriage allowance

HMRC are reminding married couples and people in civil partnerships that they may be able to take advantage of the marriage allowance and claim a tax refund before the end…
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