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, […]

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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. […]

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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 […]

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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 […]

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Tax and Companies House Deferrals

30 Mar 2020

As part of its measures to reduce the economic impact of the Coronavirus crisis, the Government has announced deferrals to a number of HM Revenue & Customs (HMRC) and Companies House deadlines to ease the strain on businesses and self-employed individuals. VAT VAT payments have been deferred by three months from 20 March 2020 until […]

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Commercial Rent Deferrals

30 Mar 2020

To support UK businesses, the Government has confirmed that commercial tenants that are unable to pay their rent due to disruption caused by the Coronavirus pandemic will not face eviction. The Government had already banned evictions on private residential tenants but has now confirmed that the three-month moratorium on evictions and debt enforcement will be […]

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How do I streamline my bookkeeping?

02 Mar 2020

According to popular software provider Xero, cloud accounting can save business owners up to three hours per day. With amazing tools such as automatic receipt readers, invoice generators and reminders, synchronised bank feeds and expense indexing, cloud accounting could boost your productivity and save you hundreds of hours a year. In this blog, we’re going […]

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VAT zero-rating now applicable to businesses e-publications

20 Feb 2020

Businesses that rely on the production of guides, physical books, newspapers or other printed materials currently enjoy a zero-rating for VAT. However, those who sell and publish similar content online have had to pay VAT at the standard rate. This is now set to change after a decision made by the Upper Tax Tribunal (UTT) […]

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When was the last time you checked your NIC record?

20 Feb 2020

Most workers assume that their National Insurance Contributions (NICs), as reported by their employer or through their own records, are accurate and up to date. After all, within the Income Tax system, we have the comfort of an annual reconciliation process, so why would NICs be any different? However, it may come as a shock […]

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Make the most of the Brexit implementation period

20 Feb 2020

Now that the UK has left the EU, we have entered an implementation period that will last the rest of 2020, during which the UK’s future relationship with the EU will be agreed, giving businesses the chance to prepare for the UK’s new trading arrangements. While much of the detail is still to be decided, […]

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