Finance & Tax

Understanding the Role of Chartered Accountants in Business

In today’s competitive business environment, financial clarity and compliance are key to long-term success. A

Understanding Business Coaching: What to Expect

In the fast-paced world of entrepreneurship, finding clarity, focus, and growth can be a challenge. This is where a business coach steps in. But what exactly do they do?

According to Wikipedia,

Introduction

Hiring a business consultant can be a transformative decision for your company, providing expert guidance that helps you navigate challenges, streamline operations, and unlock growth opportunities. But before you make that investment, it’s crucial to understand how business consultant fees work — and what you’re really paying...

Understanding the Role of an Accountant

When people think of accountants, they often picture tax returns and spreadsheets — but their role goes far beyond that. Accountants are the backbone of financial health for both businesses and individuals. They manage your finances, track expenses, ensure compliance with HMRC, and provide strategic advice that help...

Understanding Insolvency: What You Need to Know

Insolvency can feel daunting, but it’s not the end—it’s a fresh start. In simple terms, insolvency occurs when an individual or business can no longer meet financial obligations or pay debts as they fall due. Understanding what insolvency truly means is the first step to regaining control of...

Many businesses owners every year face the same dilemma when they need to raise capital; should they acquire funding through debt, or through releasing equity in their business. This is especially true for new startups but is also a quandary established businesses must decide upon when looking to grow.

Each option offers pros and cons and it will depend on the business needs and the amoun...

What is R&D Tax Relief?

Research and Development (R&D) tax relief was introduced by the Government in 2000 and was launched with the purpose of encouraging and rewarding creativity and innovation among Limited companies in the UK.

R&D is one of the biggest tax reliefs available to SMEs and can be worth up to 33% of a company’s R&D expenditure – or 33...

When you start your own business there are so many things to remember but one of the most important ones is that as soon as you start employing staff, even if it is just one person, you must place them into a workplace pension if they fit the criteria.

Automatic enrollment came into being under the Pensions Act 2008, whereby all employers in...

The decision depends on what size of business you have, your turnover and what you want from the service. Before you decide which one you need for your business let’s look at the different responsibilities for each role.

Bookkeepers are responsible for recording the daily financial transactions of a business such as tracking all income and expenses, payroll, receipts, invoicing, bills and...

In today’s business guide we will be looking into what expenses you can claim back as a business owner. This will factor in any size business, and anyone who is self-employed. Claiming back expenses can help with your business’ outgoing costs and it can also help entrepreneurs to give their business more chances of longevity. 

Businesses a...

Making Tax Digital (MTD) is the government’s initiative to modernise and simplify tax administration for everyone by moving the whole process online. This pioneering venture promises to make tax submissions more effective, more efficient and easier for taxpayers. However, with recent research suggesting that 30% of businesses are unaware of what this means for them we’ve written the following b...