Are you taking your business online? – Six steps to effective pricing

26 Jun 2020

As a result of the recent restrictions, many businesses have, for the first time, switched their focus to online sales. Whilst this has opened up many new opportunities it has also posed greater challenges, one being pricing. Many business owners already struggle with the difficulties of pricing. In some cases, setting prices by their competition […]

Read Full Story

Top tips for improving profit

26 Jun 2020

The fundamentals of improving business profitability comes down to five key factors: Reducing costs Increasing turnover Improving efficiency Increasing productivity Innovation and development. In light of the current crisis, it is worth considering some top tips for improving profitability. Cost management  Carefully managing and reducing your input costs plays a key role in improving profitability, […]

Read Full Story

Helpful steps to improve credit control

26 Jun 2020

An important element of healthy cash flow is the credit control process. Smaller businesses in the UK have historically struggled to recover payments, especially from larger clients. To help, the Government has tried to introduce new legislation. However, in many cases, it has lacked the bite to be effective. It is, therefore, often up to […]

Read Full Story

Managing Cash

26 Jun 2020

As businesses look to rebuild and recover from the trading challenges of COVID-19 in the coming weeks and months it is vitally important that they manage and maintain good cash flow to ensure they remain viable and can trade. To manage cash flow effectively, businesses need to be able to forecast how they will perform. […]

Read Full Story

New free tool to help small businesses and charities develop “essential digital skills”

19 Jun 2020

A free online platform will support Britain’s six million small businesses and charities develop “essential digital skills”, it has been announced. Digital Boost – launched by the Department for Digital, Culture, Media and Sport (DCMS) in collaboration with Founders4Schools and BCG Digital Ventures – comes as businesses across the country are forced to adapt to […]

Read Full Story

Temporary tax freeze on home office expenditure announced

21 May 2020

The Government has announced a temporary tax and National Insurance Contribution (NIC) exemption that ensures that home office equipment purchased by employees, where reimbursed by the employer, does not attract tax or NICs. Jesse Norman, financial secretary to the Treasury, announced in a statement to the House of Commons that the temporary exemption will affect […]

Read Full Story

Preparations Checklist

30 Mar 2020

To help you plan through this pandemic, we have put together a checklist to help you mitigate some of the business impacts: Consult with employees, on matters including: Statutory sick pay Coronavirus Job Retention Scheme Redundancies and layoffs Defer tax payments by establishing Time to Pay agreements with HM Revenue & Customs (HMRC), for: PAYE […]

Read Full Story

Coronavirus Business Interruption Loan Scheme (CBILS)

30 Mar 2020

Small to medium-sized businesses in the UK are now able to apply for finance via the Coronavirus Business Interruption Loan Scheme (CBILS) to help them deal with the operating costs of their business and to assist with maintaining cash flow. To help you apply for a loan, we have answered some common queries below: Am […]

Read Full Story

Business rates relief extended

30 Mar 2020

Two significant elements of the measures announced by the Government to ease the financial impact of the Coronavirus crisis have been business rates reliefs and grants to certain ‘at risk’ businesses. These include grants for businesses in the hospitality, leisure and retail sectors, a grant for businesses that pay no or little business rates and […]

Read Full Story

Employment

30 Mar 2020

Many businesses will be struggling with a variety of issues due to the impact of the Coronavirus outbreak, but a key consideration for many will be employment costs and staff safety. The Government has taken significant steps to help businesses protect jobs by introducing measures that seek to subsidise wages and provide refunds for those […]

Read Full Story

Contact Us Today

For more information on any of our services, please leave your details here and one of our team will contact you.

Which services are you interested in?
IndividualsBusinessesWealth ManagementSpecialist Services

I am happy to receive newsletters and promotional information from Rotherham Taylor

If you would like to see full details of our data practices please visit our Privacy Policy and if you have any questions please email info@rtaccountants.co.uk.