News
The benefits of HMRC’s salary advance reporting changes
18 October 2023
HM Revenue & Customs (HMRC) has recently launched a consultation on new rules aimed at simplifying the reporting of salary advances. This change is expected to have a significant impact on employers, streamlining administrative processes and reducing costs. Under existing legislation, salary advances are treated...
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How can SMEs learn to thrive, rather than just survive?
18 October 2023
New research from the #SBS State of the Nation Roundtable report has revealed that 72 per cent of small and medium-sized enterprises (SMEs) feel they are surviving, rather than thriving. Fewer than one-third of small businesses have enough cash in hand to be able to keep their businesses afloat for more than six months...
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Three tips for managing maternity and paternity pay for small businesses
25 September 2023
As experts in the field of accountancy, we understand the unique challenges business owners face when it comes to payroll. We’ve put together three essential tips to help you manage maternity and paternity pay, ensuring legal compliance and employee satisfaction.
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Could you enjoy a slice of the £1.6bn creative industry tax reliefs?
25 September 2023
If your company is involved in the creative industry, then it could be eligible for significant tax relief from the Government. These tax reliefs support the Government’s objective of becoming the technological centre of Europe by promoting growth in the digital, creative, and other high-technology areas.
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Chief UK economist warns of period of stagnation – How will this affect your SME?
25 September 2023
Stagnation is a prolonged period of little or no growth in the economy and it can have a serious impact on your business. Whilst talking to The Guardian, Samuel Tombs, a leading UK economist, claimed that stagnation will cause “businesses to cut employment and investment, and trigger a sharp decline in residential investment.”
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When are interest rates likely to fall and why does it matter to you?
25 September 2023
After the fourteenth consecutive increase in interest rates since 2021, many business owners will be asking themselves the same thing: “When will interest rates finally fall?” The higher the interest rates, the more money you pay on your debts like loans, overdrafts, and credit cards.
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Can you afford a £7,300 fine from Companies House?
25 September 2023
You must file your company accounts, to avoid late filing penalties, Companies House is warning. All companies must file annual accounts with Companies House each year, regardless of whether they are trading or not, or whether they are public or private. This applies to both large and small companies.
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The rise of the machines – How AI can elevate your SME to new heights
25 September 2023
In a world where technological advancements are reshaping industries, small and medium-sized enterprises (SMEs) cannot afford to be left behind. The hesitance to embrace new technologies, epitomised historically by movements like the Luddites in the 19th Century, can impede growth and competitiveness.
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Why companies fail to pay the National Minimum Wage and how to avoid the same mistakes
15 August 2023
The Government recently named over 200 companies for failing to pay the national minimum wage (NMW). The list includes firms of all sizes and various sectors. Some notable brands include WH Smith, Argos, and Marks & Spencer. Those named were found to have failed to pay their workers almost £5 million...
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What you need to know about the High-Income Child Benefit charge and the upcoming changes
15 August 2023
The High-Income Child Benefit Charge (HICBC) is a tax that affects households where at least one person with parental responsibility has a taxable income exceeding £50,000. This charge applies regardless of who in the household receives the child benefit, and it is payable by the household’s highest earner.
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Case Studies
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Sometimes a business does exactly as it says on the tin
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A taste for growth, a thirst for knowledge
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A shared passion for architecture and a head for numbers
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Child's play with proactive accounts management
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A modern approach required for music moguls
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Customer care is top of the list for packaging business
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Smiles all round for dental practice
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Cut above the rest in personal management style
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Taxing demands with old school charm