Management Accounts: Why do you need them?

Oct 21, 2022

Management accounts are a set of regular reports created to provide insight on the financial performance of your business. Generally produced monthly or quarterly, they are essential to how you operate, allowing a better understanding of your current financial position, and ...

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Blog, SMEs

33,000 new loans available for small businesses

Sep 30, 2022

An £884 million loan scheme for new businesses is to be expanded, it has been revealed. Announced by Business Secretary Jacob Rees-Mogg last week, there are 33,000 new loans available, offering much needed financial support to start-ups across the UK. The scheme’s ...

Blog, Business accounting, Business Advice, General news, SMEs, Tax, VAT

Fiscal Statement

Sep 23, 2022

With a new King at the Palace and a new Prime Minister at Number 10, it was no surprise that the new Chancellor at Number 11 used his first statement to the House of Commons to signal a ...

Blog, Business Advice, SMEs

Are you a sole director operating under the Model Articles?

Sep 22, 2022

A recent legal case has concluded that private limited companies operating under Model Articles must have at least two directors. Before the ruling, under article 7(2) of the Model Articles, it had been widely assumed that if a business had a ...

Blog, Business accounting, Personal accounting, SMEs

What do you need to know about the Energy Bill Relief Scheme?

Sep 21, 2022

The Government has outlined a new Energy Bill Relief Scheme to support households, businesses and public sector organisations tackling soaring energy bills. The figure is set to be capped at less than half the wholesale costs on previously predicted bills, offering ...

Blog, SMEs

Late payments: A big cost for small businesses

Sep 15, 2022

Late payments are costing small businesses £684 million per year, in addition to rising inflation, data has revealed. According to the study of thousands of companies, conducted by Accenture with help from Xero, the cause of this loss is due to firms ...

Blog, SMEs, Tax

Tourism Tax – Will it help or hamper small tourist businesses?

Sep 14, 2022

Several cities, including those in the UK and the EU, are considering introducing a tax on visitors. There are major implications for introducing such a tax, with many hailing it as a great way to raise much-needed revenue for investment hotspots. On ...

Blog, SMEs, Tax

Can apprentices help with your skills shortage?

Sep 13, 2022

Many UK businesses are having problems with recruitment as the number of job vacancies has soared over the last 12 months. Key staff are also being enticed away by better offers from competitors. It’s a dilemma for SMEs, but also an ...

Blog, SMEs, Tax

What can you do to help your employees? Handy tips to help them cope with the cost of living crisis

Sep 08, 2022

With the ongoing cost of living crisis, people are continually looking for ways to save money. Whilst buying discounted food, choosing cheaper brands of clothing, or strategically filling the car up are all ways you can cut costs, there are several ...

Blog, SMEs

Hard pressed SMEs struggling with cashflow challenges

Aug 16, 2022

A huge majority of small businesses are ploughing more money into their business than they are taking out for a least one month of every year. As firms feel the squeeze of the rising cost of living and soaring fuel bills, ...

SMEs