The government’s recent announcement that it would increase both the dividend tax and National Insurance by 1.25% has been described as another blow to business owners, particularly those that are already struggling as a result of supply chain disruption, labour shortages and the ongoing impact of the pandemic. What are dividends? A dividend is a…
Read more
According to the Bank of England, a third of UK SMEs are in more than twice as much debt as before the Covid-19 pandemic. A report issued by the Bank of England revealed that the increasing level of debt among SMEs has caused the central bank to expect a rise in the number of small…
Read more
There’s never been a better time to digitise your small business. The past few years have highlighted the importance of organisational agility and digitisation greatly strengthens this, allowing for rapid innovation and adaptation to market shifts. Furthermore, a Microsoft study of 23 Singaporean companies found that small and medium businesses (SMEs) stand to increase their…
Read more
They say that only two things are certain in life: death and taxes. Paying tax is inevitable but there are things you can do to reduce the percentage of your income that the taxman takes. As a small business owner, the likelihood is that you’re probably paying too much tax, which is why we’ve put…
Read more
In the past, digitising a business was an expensive and time-consuming process but today it’s not only easier, it’s practically mandatory if you want to see your business achieve success. Technology can streamline working processes, boost employee morale and improve user experience. The amount of digital infrastructure available nowadays means that digitisation is accessible to…
Read more
