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 […]
How Specialist Accountants Help Businesses Through Tough Times
Running a business is tough. When the economy turns south, it can be very difficult to maintain your business in an environment where there are fewer opportunities for growth. Couple that with the uncertainty of the pandemic and you get very tough times indeed. Fortunately, having a trusted specialist who understands the nuances of small […]
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 […]
5 Ways To Control Your Business Costs
Running a business can be expensive. From the cost of supplies to employee wages, it’s easy for business costs to get out of hand quickly. If you want your business to succeed in the long-term, then there are some steps that you need to take in order to control these costs and keep them under […]
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 […]
Getting Ready for HMRC’s New Penalty Regime
Please note that as of 13th January some dates have changed. VAT penalties will be introduced on 1st January 2023 instead of 1st April 2022. Points do not mean prizes with the new Penalty Regime… Paying your tax bill on time can be a struggle. The HM Revenue & Customs’ (HMRC’s) penalty regime exists, […]
The Impact of the New National Insurance Changes
You’ll no doubt have seen the news of a rise in both employees’ and employers’ National Insurance contributions (NICs). It’s been a contentious move by the Government, with some people seeing the policy as a necessary way of generating extra revenue for the NHS and social care, and others questioning if a tax on workers […]