Tips

Remote working has become more and more common as lockdowns have changed our working life and developments in technology have allowed us to communicate and collaborate no matter where we are. Remote work is on the rise, and offering flexibility to your staff can be an essential tool to both attract new talent and retain […]

Paying your tax bill on time can be a struggle. The HM Revenue & Customs’ (HMRC’s) penalty regime exists, to act as a deterrent for late payment and overdue submissions. But did you know that HMRC is planning to update and change its penalty regime? HMRC currently has different penalty regimes for late submission of […]

Are you self-employed? Or are you a partner in a trading partnership? If you are, you should be aware of the proposed changes to the accounting period for unincorporated businesses. HM Revenue & Customs (HMRC) is proposing to change the way that unincorporated businesses are taxed, moving from a ‘current year’ basis to a ‘tax […]

You’ll no doubt have seen the news of a rise in both employees’ and employers’ National Insurance contributions (NICs). It’s been a contentious move by the Government, with some people seeing the policy as a necessary way of generating extra revenue for the NHS and social care, and others questioning if a tax on workers […]

When you set up a new company, there are certain business taxes you’ll be liable for as a business. But have you also planned for the personal taxes you must pay as a director? As a company director, it’s not just the company’s corporation tax that you have to pay. You also need to pay […]

The pandemic has been a tough time for UK businesses, with sales down, revenues cut and cashflow on a precarious knife-edge. To help support UK businesses through this difficult period, the Government offered the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan (BBL) schemes. But with both of these schemes now closed, […]

For your business to make money, you need to generate revenue. You produce revenue through your usual business activity, by making sales, getting your invoices paid, or taking cash from paying customers. So, the better you are at selling your products/services and bringing money into the business, the higher your revenue levels will be. But […]

Once you become an employer, you’ll need to set up a pay-as-you-earn (PAYE) scheme. All businesses that employ people earning above the National Insurance (NI) lower earnings limit (£120 per week) must register with HM Revenue & Customs (HMRC) as an employer and operate their own PAYE scheme. This applies even if you’re a company […]

Automation has the capacity to revolutionise your efficiency and productivity. But how many of the automation features that are available to you are actually being used? And could you be getting more value by building automated processes into your operational framework? Removing the manual workload to streamline your processes There’s a very simple mantra when […]

As business owners, we all know the pressure of being the driving force behind a business. It can be a stressful experience, and this can have an impact on your wellbeing. Running a business takes up so much of your time, and can consume your waking thoughts. But a tired, stressed and anxious owner is […]