Blogs
Do new small businesses need an accountant?
According to business start-up statistics in the UK, 20% of businesses fail in their first year and around 60% will go bust within their first three years. Approximately 660,000 new
How to break free from the ‘Groundhog Day Effect’
We are coming up to a year now of being frozen in time. In fact, it’s starting to feel very much like the start of the pandemic where the government
The benefits and costs of hiring an apprentice
If you’re at the point where you can’t take on any more work or, to grow your business, you need to hire more staff…hiring an apprentice is as good an
15 things you didn’t know an accountant could do
When asked “What does an accountant do?” many people answer with accounts, tax or compliance work. While that’s true, what many don’t know, is that the good ones do so
More details on the March 2021 budget
The UK budget took place on the 3rd of March 2021. Since then we have been getting more information through regarding the changes announced by the chancellor. Here is what
Self-employed Income Support Grants Extended
In line with the further extension of the CJRS furlough scheme for employees the chancellor has also set out further support for the self-employed. We had been waiting for the
Furlough scheme extended to 30 September 2021
The current version of the furlough scheme that started on 1 November 2020 was scheduled to end on 30 April 2021. In order to avoid a “cliff-edge” with resulting widespread
4 steps to coping with overwhelming anxiety due to the coronavirus
The Coronavirus pandemic has caused a lot of us to suffer from worry and anxiety over these past few months. Whether it’s been worry for our jobs, our families, our
How to keep a separation between work and home life
Working from home has its challenges. On its own, that shift in environment takes some getting used to, especially if you’re used to working in an office, never mind having
What are the pros and cons of becoming self-employed?
Self-employment is quickly becoming an area of interest for many people. It’s not surprising really when you hear that UK redundancies hit a record of 370,000 in the last quarter
Anti-money laundering and our clients
Anti-money Laundering – sounds scary, doesn’t it? Our governing body (AAT) requires us to follow strict guidelines to help us spot signs of money laundering. Although we trust our clients,
The 2021 Budget
For the last 12 months the chancellor has been pouring money to support the UK economy through the COVID-19 pandemic. The good news from yesterday’s budget is this isn’t stopping
Have ‘New school’ accountants replaced ‘old school’ bank managers?
We have an increasingly complex financial ecosystem, yet UK businesses feel that they have no one to turn to. It’s not surprising, since we’ve seen a reduction in bank branches
12 ways to increase profit margins (and thrive in business)
Your profit margin is how much money you actually get to walk away with after a transaction is complete (revenue – costs = profit). It makes sense then, that businesses
How to be productive when you feel restless or run down
The changes and stresses caused by the pandemic are taking their toll on all of us. It’s been almost a year now of being stuck indoors, working from home, juggling
The road out of lockdown
Yesterday the English government formally announced it’s 4 steps out of lockdown and all social distancing restrictions. The welsh and scottish governments will follow a largely similar timescale. The good
Lockdown 3.0 – A covid business update
Lockdown 3.0 has felt like an eternity. However, there is a light at the end of the tunnel with the vaccinations being rolled out. Hopefully everyone will have some more
What is the VAT reverse charge?
From the 1st March, the VAT reverse charge scheme now applies to construction. If you work in the construction industry and are VAT registered, this applies to you, your suppliers
How to combat Zoom Fatigue!
Out of all the ‘new things’ that the Coronavirus pandemic has brought about (social distancing, lockdowns, and global remote working to name but a few), Zoom Fatigue has to be
10 ways to improve your business cash flow
For a business to grow sustainably (and to successfully make it through the financial bumps in the road), cash flow needs to be a priority. And not just when times
