What are the real dangers relating to AI? 

With businesses across the UK adopting Artificial Intelligence (AI) into their business in some form or another, it’s time to take a look at the genuine dangers of using it that warrant careful consideration.  There’s no denying that AI has proven ...

Using directors’ loans to benefit your business 

Directors' loans are money you borrow from your company, distinct from salary, dividends, or reimbursed expenses.   These loans must be recorded as a liability on the company's balance sheet and repaid under agreed terms.  You can use directors' loans to cover short-term ...

The ROI of investing in financial technology – Is it worth it?

As a UK business owner, you should always be looking for new ways to streamline your operations and enhance the efficiency of your business. In 2024, that means investing in financial technology, sometimes referred to as ‘fintech’. From advanced cloud accounting ...

Keeping your SME stable during economic uncertainty 

There have been a lot of political changes in recent months, but the outlook for small and medium-sized enterprises (SMEs) remains gloomy.   According to recent research by Virgin StartUp, half of small business owners are worried their business might not survive ...

Is your business running a workplace nursery scheme? Key steps to remain tax compliant

HM Revenue & Customs (HMRC) has recently issued a warning to employers regarding the proper use of workplace nursery schemes.   Business owners must have a thorough understanding of the rules surrounding workplace nursery schemes to remain compliant and avoid running the ...

Why the National Wealth Fund is a game-changer for SMEs 

The recent announcement by the new Labour Government to introduce a National Wealth Fund has sent ripples of excitement throughout the business community.   With £7.3 billion in funding from the UK Infrastructure Bank, this initiative promises to be a significant boon ...

Even though inflation has dropped a lot from its peak in October 2022 of 11.1 per cent, the highest rate in 40 years, it doesn't mean prices are going down—they’re just rising more slowly. High energy and food prices are a ...

Strike the right balance between AI and human efforts

We can all agree that with the advancements in Artificial Intelligence (AI) – whether we want it to or not – traditional business practices are rapidly evolving. AI is providing solutions to transform processes and conduct the repetitive tasks that would ...

Are you planning a rebrand for your business? Here are some financial factors to consider

Rebranding isn't just about designing a creative new logo or catchy tagline—it's about capturing the essence of your company's identity, core values, and reputation. Think of branding as the signature that makes your company memorable. When you see the overlapping red ...