If you are a limited company owner and also a Director you might be asking yourself what is the most tax efficient salary for this new tax year? The simple answer to that question is that it hasn’t really changed from last year and that you should be paying yourself £12,570. There are some changes […]
Why does my business need accounting software?
Running a business comes with many financial responsibilities, from tracking expenses to ensuring taxes are paid on time. If you’re still using spreadsheets or manual bookkeeping, you may be missing out on the efficiency and accuracy that the right accounting software can offer. In this post, we’ll explore why every business, big or small, can […]
The 6 Most Common Scaling Mistakes
Scaling up a business is not the easiest thing in the world to do. There are so many risks and so much uncertainty involved that it can be difficult for a business owner to know if they’re doing things properly or not. The six scaling mistakes listed below are the most common ones that businesses […]
6 Steps to Keep Your Business Financially Fit and Healthy
As a business owner, you are probably always looking for ways to increase revenue. But what about ensuring that your company is financially fit and healthy? While it may seem like the two are mutually exclusive, they are not. In this post we’ll share six simple tips that will help ensure that your company is […]
5 Marketing Strategies for Small Businesses on a Budget
We all know that marketing can be expensive, but it doesn’t have to break the bank. In fact, there are plenty of great strategies for marketing available for small businesses on a budget. These are tried and true methods that will help you attract more customers or clients without spending too much money. Make […]
7 Things You Must Do Before Launching: The Small Business Checklist
Getting ready to launch a small business is an exciting venture that many people dream of. Yet before you go into it blindly, there are some important tasks that need to be completed first. In this blog, we’ll discuss the things you really must do before launching your small business to make sure everything goes […]
Planning your Company Filing and Payment Deadlines for the Year
Keeping on top of the deadlines for your company filing and tax payments can be hard work. With so many elements to coordinate and keep track of, it’s easy for deadlines to occasionally slip through the cracks – but that can lead to fines, penalties and other issues. The key is to stay fully in […]
How Accountants Can Save You a Fortune
Accounting is a crucial part of every business, from small boutiques to multinational corporations. You can’t ignore your accounts, and doing so for even a short period of time can damage your business. However, accounting is complicated, and mistakes can be costly. Hiring a professional will save you a huge amount of time and money, […]
Share Ownership for Employees – EMI
Enterprise Management Incentives (EMI) Retaining and motivating staff are key issues for many employers. Research in the UK and USA has shown a clear link between employee share ownership and increases in productivity. The government has therefore introduced a variety of ways in which an employer can provide mechanisms for employees to obtain shares in […]
Research and Development
Research and development (R&D) by UK companies is being actively encouraged by Government through a range of tax incentives. The government views investment in research and development (‘R&D’) as a key to economic success. It is therefore committed to encouraging more smaller and medium sized (‘SME’) companies to claim R&D tax relief The incentives are […]