SMEs
Year-end tax planning strategies for #SmallBusinessSaturday
Nov 30, 2023
As we approach the 31 January 2024 tax return deadline, it's crucial for sole traders, to be well-prepared and aware of your obligations. Below, we outline some practical steps to help you navigate the complexities of the Self-Assessment tax return, a ...
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How SMEs should prepare for and handle tax investigations
Nov 28, 2023
Between the 2020/21 and 2022/23 tax years, there was a 21 per cent rise in tax investigations into SMEs, highlighting the fact that HM Revenue & Customs (HMRC) has ramped up its interest in this area. With this in mind, compliance ...
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How to use the new HMRC app for your tax returns
Nov 23, 2023
For small businesses navigating the Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) initiative, tax returns can be complex. The new HM Revenue & Customs (HMRC) app seeks to make the process easier, however. The digital tool marks a significant shift ...
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How fintech lending can help SMEs unlock new financing opportunities and boost growth
Nov 21, 2023
The current economic climate is less than favourable for small and medium-sized enterprises (SMEs). Due to this, it is important for SMEs to continually seek innovative and efficient ways to fuel their growth and overcome financial challenges. One innovative solution that has ...
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How the King’s speech could affect your business finances
Nov 16, 2023
His Majesty the King's speech, at the state opening of Parliament, is a significant event for businesses and financial professionals who rely on Government regulation to function effectively and within the law. Last week’s speech outlined the Government's legislative agenda, signalling ...
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What businesses need to know about recent updates to payroll
Nov 14, 2023
The Department for Business and Trade has recently released feedback on two major consultations concerning payroll and holiday entitlements. Changes in holiday entitlement calculation The Government has opted against adopting a 52-week reference period for holiday entitlement. Now, the calculation of holiday entitlement ...
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How will the new Procurement Act benefit SMEs?
Nov 07, 2023
The recent Royal Assent of the Procurement Act marks a significant milestone in the evolution of public procurement. The Act, which is due to be implemented in October 2024, ushers in a new era of procurement, one that promises to be ...
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Is unconscious bias impacting your business decisions?
Nov 02, 2023
When it comes to business decisions, taking an objective view is essential. But distinguishing your thoughts from the facts is easier said than done. You must try to recognise your, personal, impact on your business and take action to limit this. What ...
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BOO-st your tax planning this Halloween
Oct 31, 2023
When it comes to tax planning, timing is everything. The end of the financial year might seem like the obvious period to get your accounts in order, but why risk a tax season rush? Halloween is near the mid-point of the tax ...
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Why you should use double-entry bookkeeping in your business finances
Oct 24, 2023
The term "double-entry bookkeeping" is often mentioned as a cornerstone for managing a business's finances. But what does it mean, and why is it so universally adopted? Below, we aim to demystify double-entry bookkeeping for small business owners and explain why it ...
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