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7 steps to improving your cash flow
Did you know that more businesses fail because of cash flow problems than profit problems? Don’t let yours be one of them. The…
Spring Budget 2023 – the key points for business owners
The Chancellor, Jeremy Hunt, delivered his first Spring Budget on 15 March 2023. Unlike the disastrous September 2022 ‘mini budget’,…
Business Tips: Setting KPIs and measuring performance
Once you begin trading, you’re faced with a new challenge – successfully managing the course of your brand-new business and…
October 2017 Q&A
Q. My mother gave my daughter £5,000 on 1 May 2013. She had not made any other gifts in previous years. Unfortunately my mother…
Do you know what you are selling?
We hope that you know what you are selling: watches, cars, hedge cutters…we hope that your accountant knows what you are selling…
How to safeguard your team’s mental health
The coronavirus pandemic has forced a significant amount of change and upheaval onto you and your team – in a very short amount…
Brexit may be in limbo, but Making Tax Digital is not
As we have highlighted in many posts to this blog, from 1 April 2019, ALL VAT registered businesses with turnover above the £85,000…
Landlords’ replacement wear and tear allowance
Capital allowances are not available for expenditure on furniture and furnishings for use in dwelling houses. However, until 5 April…
Understanding your revenue drivers
For your business to make money, you need to generate revenue. You produce revenue through your usual business activity, by making…
Tax-free childcare now open to under 9s
In April 2017 HMRC started rolling out tax-free childcare, a scheme designed to help working parents with the cost of childcare…
Coming soon: tax-free childcare
Plans for the introduction of a new scheme called 'tax-free childcare' were initially announced way back in the 2013 Budget. The…
Take control of your time
Apparently, we spend less than 60% of our time working productively. That’s nearly half our day we waste on activities such as…
Innovative Finance ISAs
From 6 April 2016, a new type of Individual Savings Account (ISA) will be launched – the Innovative Finance ISA. This new ISAs…
Ignore these pieces of bad advice
Advice, like many other things, comes in both the good and the bad. Some people dispense excellent advice, based on a sound understanding…
Tax-free home rentals
Since April 2016, the amount of tax-free income you can earn from letting a room in your home has increased to £7,500 per annum,…