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How does your locus of control influence entrepreneurial success?

Running a small business involves a lot more than juggling logistics. Knowing how to tackle and overcome challenges is an essential aspect of entrepreneurship.

How to use the new HMRC app for your tax returns

For small businesses navigating the Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) initiative, tax returns can be complex.

Autumn Statement 2023

With a General Election looming on the horizon, Jeremy Hunt rose to deliver his second Autumn Statement as Chancellor in the knowledge that his latest measures could have a substantial impact, not only on the future economic success of the nation but the electoral success of his own party. Taking away the politics from his [...]

Becoming a freelancer – setting up a limited company

When making the decision to become a freelancer, you have two options. You can either set up as a sole trader or start a limited company.

How the King’s speech could affect your business finances

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.

Everything you should know before becoming a sole trader

Starting a freelance career marks a significant transition from traditional employment but it’s a decision that many are nervous to make.

How can the Marriage Allowance save you money?

There are many financial and legal benefits to being married or in a civil partnership, but one of the most overlooked reasons is the potential for tax relief. This is because, thanks to the Marriage Allowance, where one partner earns below the tax threshold, they can transfer a portion of their personal allowance to the […]

A look at the scalability of in-house vs outsourced accounting

As a business grows, its accounting needs become more complex and time-consuming.

Is unconscious bias impacting your business decisions?

When it comes to business decisions, taking an objective view is essential. But distinguishing your thoughts from the facts is easier said than done.

Understanding loss carry-back claims

In the unpredictable world of business, it’s not uncommon for companies to experience financial losses.  

News

Autumn Statement 2023

Autumn Statement 2023 Jeremy Hunt’s second Autumn Statement was set against a much less financially turbulent background than his first. However, politics still loomed large with a likely election in the next 12 months prompting calls for tax cuts from within the Conservative party. Until recently the Chancellor had attempted to stall such demands with […]

Understanding loss carry-back claims

In the unpredictable world of business, it’s not uncommon for companies to experience financial losses.  

100 days until the Self-Assessment deadline: Are you ready?

We are now only 100 days away from the Self-Assessment tax deadline on 31 January 2024.  

Newsletter October/November 2023

HMRC plans to expand the availability of cash basis accounts preparation, but will it win over businesses from the traditional accruals basis? The cash basis can currently only be used if a business’s annual turnover doesn’t exceed £150,000, so one option from HMRC is to increase this turnover limit to £1.35 million. But will this […]

Crafting success: Selecting the right business framework

In order for your business to be both financially secure and successful, you need to ensure you choose the right business framework.

Cloud-powered accounting: Advancing beyond traditional cloud accounting systems

In modern businesses, cloud accounting has now become the norm rather than the exception.

Best practices for business and personal finances

Mixing personal and business finances is a common mistake that many entrepreneurs, freelancers, and small business owners make.

Navigating estate planning and Inheritance Tax: what you need to know

HM Revenue & Customs (HMRC) recently announced that Inheritance Tax (IHT) receipts were up by £200 million between April to July 2023, making this a record high.

Understanding tax obligations for charities

Knowing your charity’s obligations to HM Revenue & Customs (HMRC) is important, as you will have different requirements to standard businesses.

Everything you need to know about Government Start Up Loans

Starting your own business can seem daunting, especially when it comes to finding funding.