Business Guides

Insider: September 2022

The latest increase is the fifth rise since December 2021, with the BoE arguing that rate rises are needed to tackle soaring inflation. Inflation as measured by the consumer price index (CPI) is expected to rise more than previously predicted, from 9.4% in June to...

read more

Employing Staff

Hiring an employee for the first time is an exciting moment for any business owner. Suddenly, you’ve got another pair of hands to help out with jobs that used to fall entirely on you – and with that extra support, new opportunities for growth are possible. There’s a...

read more

Capital Allowances

When a business incurs costs, such as salary payments or stationary procurement, it can usually fully deduct them as expenses from its taxable profits, reducing the tax due. However, when it buys assets for operational purposes, things are not quite so...

read more

Insider: August 2022

More than half of cryptocurrency investors have limited or no understanding of capital gains tax (CGT) and the associated tax liability on crypto transactions. Understanding of CGT was mixed, with 34% of owners stating they had a good understanding, compared to 37%...

read more

VAT accounting schemes

Just about everyone has heard of VAT (value-added tax). We’re used to paying it on many of the goods and services we purchase as we go about our everyday lives. But when you have your own business, you’ll learn a whole new world of VAT exists as you work out how to...

read more

Business exit strategies

A business exit strategy is a plan for what will happen when you want to leave your business. A lot of people think of an exit strategy as a plan to guard against disaster or something that has to be carried out right away after its conception. But this usually isn’t...

read more

Insider: July 2022

The long-awaited response outlines the Government’s plans to tackle dominance of large auditors, ban failing ones and bring unlisted companies under the scope of the regulator. The current Financial Reporting Council will also be replaced by a “new, stronger...

read more

How HMRC conducts tax investigations

HMRC recently announced new powers to investigate companies they suspect of evading taxes, so as a business owner, you might be worrying about what happens if your company comes under scrutiny. Even if you’ve played entirely by the rules, the stress of an...

read more

How do changes to NICs affect you?

As you may have heard, there are changes happening to National Insurance contributions (NICs). From 6 July, the new thresholds will come into effect. But what does that mean for you? As a self-employed worker, you will already pay your National Insurance differently...

read more

Insider: June 2022

HMRC has confirmed it will raise interest rates on late tax bills by 0.25 percentage points after the Bank of England increased the base rate of interest to 1%. The announcement means the late payment interest rate and corporation tax pay and file rate will increase...

read more

See how we can help you