Business planning

19 11, 2019

Can I claim entertainment as a business expense on my tax return?

By |2019-11-19T09:06:03+00:00November 19th, 2019|Business planning, Personal tax, Sole trader, Tax|

Business entertaining when you are self-employed or a small business could very well be a major part of your business development, helping to establish and grow your business relationships to help your small business grow and thrive.  Claiming tax relief on your entertainment is a complex and grey area, read on to find out more. […]

22 10, 2019

Small businesses: do you have a Brexit clause?

By |2019-10-22T08:45:03+00:00October 22nd, 2019|Brexit, Business planning, limited company, Tax|

If you are small business owner and your company trades with the EU, are you prepared for Brexit?  With Brexit looming, you will need to position your small business to avoid the least disruption and damage to you and your customers or clients.  A Brexit Clause is something you may want to consider with your EU clients and suppliers to protect each other's interests and keep costs under scrutiny in [...]

8 10, 2019

Will Tax Change after Brexit?

By |2019-10-08T09:20:27+00:00October 8th, 2019|Brexit, Business planning, Inheritance Tax, Personal tax, Tax|

In the run up to the Brexit deadline of 31 October, we look at frequently asked questions we hear from clients and provide answers when looking at potential tax changes after Brexit affecting your personal and business income.   Question: I work abroad, will I be taxed twice on my income after Brexit? Whether you are a UK national working currently in the EU or an EU national working in [...]

6 09, 2019

Switching accountants – it’s easier than you think

By |2019-10-03T10:08:11+00:00September 6th, 2019|Business planning, Tax, Trusted Adviser|

A question we hear often when meeting with small businesses who want to establish a relationship with us is this: 'How do we switch accountants? Where do we begin?'  and 'It's too difficult, I don't have the time right now'. We also hear of many reasons from prospective clients on why they may be considering switching accountants. It may be because they are not receiving the service they would like [...]

27 08, 2019

Landlords: Your Tax Position is changing

By |2019-08-27T09:07:12+00:00August 27th, 2019|Business planning, limited company, Property, Tax|

Building your business around owning and renting property can help build immediate cash flow as well as long-term a view to retirement.  These are the benefits of being a landlord but you should also consider your tax position as a landlord, as the tax rules around buy-to-let properties are changing.  Landlords, your tax position is changing, read on to find out more. Perhaps the most obvious benefit of being a [...]

22 08, 2019

Questions & Answers: How can I keep track of what my customers owe me?

By |2019-08-22T11:40:23+00:00August 22nd, 2019|Business planning, Cloud|

I want to keep track of what my customers owe me and spend too much time logging managing the process.  What can I do to help me make the process easier and save me time? The best solution is to use an an online cloud bookkeeping software, such as QuickBooks. QuickBooks will keep track of everything you are owed, provide the overall number of your debtors, and will also have [...]

20 08, 2019

The importance of budgeting in your small business

By |2019-08-20T08:08:50+00:00August 20th, 2019|Business planning|

The importance of budgeting in your small business cannot be underestimated.  Not only does budgeting provide a benchmark against your peers, it also allows for variance analysis and performance assessment, leading to improved sales.  Are you actively budgeting in your small business? Read on to learn more on budgeting processes that can help your small business. Overview of budgeting Budgeting is an essential part of sustained growth in any size [...]

1 08, 2019

Are you killing cash flow from the way you accept payments in your business?

By |2019-08-01T12:12:02+00:00August 1st, 2019|Business planning, Forecasting|

Healthy cash flow is key to business success especially in the growth phase of a business and yet according to research, only 49% of UK small businesses are in this moment in time are cash flow positive; hard to believe we know. There are many reasons why this stat is so high, and one of the main reasons is how small business collect payments from their clients or customers.  So [...]

30 07, 2019

Top Tips for Small Business: Data Protection

By |2019-07-30T06:38:45+00:00July 30th, 2019|Business planning|

Research shows despite 66% of  small  businesses being affected directly by cyber crime, only two thirds  of small businesses consider cyber crime a serious risk to their business operations.  These stats are alarming, especially considering that small businesses are most susceptible to this type of crime as systems and processes may not be as sophisticated as they are for larger companies.  Here we provide top tips for small businesses to [...]