When running a small business, it is essential to maintain a good relationship with your creditors, to make sure your business operations run smoothly. If you are going through a difficult period where you are struggling for cash flow and are at risk of failing to pay bills on time to your creditors, it’s time…
Income tax From April 2023, the basic rate of income tax will be cut from 20% to 19% National insurance On 6 November 2022, the 1.25% rise in national Insurance which took effect earlier this year, will be reversed Corporation tax The planned rise in corporation tax has been scrapped Taxes in general As is…
With energy prices reaching an all-time high and no reprise on the horizon anytime soon, businesses need to think about reducing their energy costs and stay afloat of the soaring energy bills heading our way. In a bid to assist customers manage energy costs associated with their business premises, we have teamed up with Full…
With everyone beginning to feel the full effects of the cost-of-living crisis, business owners are constantly looking for ways to reduce their spending whilst continuing to operate at full capacity. Reducing your outgoings will depend largely upon the industry you operate in, and how essential your operating costs are, but there are multiple different ways…
If you are someone who runs their own business, you may be aware of how frustrating it can be to collect unpaid invoices. For small businesses with limited resources, it can be a time-consuming exercise and disrupt you from other important responsibilities. Therefore, credit control is so important, to not only save you time, but…
When running a business, there are many important details to remember for both sole traders and limited companies. Managing your finances at the early stages and making sure you are following all legal procedures is important so that you can successfully get your business off the ground. A commonly asked question amongst business owners when…
As a small business, it can sometimes be difficult to make connections in your industry and build your reputation. One of the best ways to do so is through business networking. Attending networking events can have so many benefits for you when trying to build your reputation, building relationships with other businesses who can provide…
With the new tax year having begun on 6 April 2022 and lasting 12 months until 5 April 2023, the government have introduced numerous changes in an attempt to ease the cost of living. Whether you are a business owner or an employee, you are likely to notice this having an impact. New legislation such…
If you are taking the first steps towards setting up your business, it is essential for you to be well prepared and put together a detailed business plan. The importance of a business plan cannot be understated, as it can help you to develop long term goals and objectives to get your business off the…
(Last updated February 2022) As a start-up business or small to medium sized enterprise (SME), navigating the value added tax (VAT) landscape can be one of the biggest challenges for you to overcome. We fully understand how challenging it can be – we work with businesses just like yours, each and every day. When it…