How hospitality and tourism are transforming in the UK
10 Jan 2023
With the UK’s hospitality and tourism sectors continuing to evolve, the pandemic and cost-of-living crisis have played a big role.
How can your businesses cut costs?
5 Jan 2023
As the cost-of-living crisis continues, your business might be looking for ways to cope with soaring energy bills and interest rates.
Implementation of MTD for ITSA delayed for two years
4 Jan 2023
The Government has announced a two-year delay and further changes to the rollout of its Making Tax Digital for Income Tax initiative. The delayed implementation of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) means it will now be
Take advantage of the super deduction allowance – before it’s gone
4 Jan 2023
Businesses are being advised that time is running out to be able to take advantage of the Corporation Tax super-deduction capital allowance scheme. This allows businesses to claim back 130 per cent on investments made in plant or machinery. The
Improving your business finances in 2023 and beyond
4 Jan 2023
Every business needs sound financial planning and oversight in order to thrive. With the new tax year just around the corner, now is the perfect time to start thinking about ways you can improve your business’s finances in 2023. Read
Tax considerations for gifting to grandchildren in the UK
4 Jan 2023
For many individuals in the UK, gifting to grandchildren can be a great way to reduce their tax burden. But before entering into any gifting arrangement, it is important to understand the various tax considerations that come with it. In
Should I take a salary or dividends as a small business owner?
4 Jan 2023
If you own a small business and are also a shareholder director, you may be wondering whether to take a salary or dividends. When it comes to paying yourself, there are both advantages and disadvantages to each option, including potential
Understanding and improving your balance sheet
4 Jan 2023
Keeping on top of your business’s financial health is critical to its success. A great place to start is by understanding what a balance sheet is and what it can tell you about the health of your business. Let’s look
A new VAT penalty system is now in effect
4 Jan 2023
A major overhaul of VAT penalties came into effect on 1 January 2023. This new approach changes how penalties are applied, as well as how interest is calculated and paid. In this article, we’ll break down what you need to
How to read a set of management accounts
3 Jan 2023
In order to grow and succeed, you need to effectively manage your finances and monitor the health of your business.
