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 […]

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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 […]

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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 […]

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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 […]

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Coronavirus Self Employed Income Support Scheme (SEISS)

30 Mar 2020

Following the announcement that businesses will be reimbursed by HM Revenue & Customs (HMRC) for 80 per cent of the employment costs of ‘furloughed’ workers for at least three months from March, the Chancellor has announced a similar scheme for self-employed individuals. The Self-Employed Income Support Scheme (SEISS) will pay self-employed individuals an amount equivalent […]

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Personal Finances

30 Mar 2020

The ongoing COVID-19 pandemic is having a significant impact on all aspect of individual’s lives, not least their personal finances. During this difficult period, it is likely that your staff may look to you for advice if their own income is affected by the economic impact of this virus. To help them make sense of […]

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Working from home

30 Mar 2020

With the Government recommending that people work from home where possible, many businesses will have had employees working from home for the first time in recent weeks. Amidst the logistics and practicalities of setting employees up to work from home, it could be easy to overlook the implications of increased home working for your business’ […]

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Entrepreneurs’ Relief changes expected in March Budget

20 Feb 2020

Speculation is increasing that the Government will announce significant curbs on Entrepreneurs’ Relief in the Budget, or could even scrap the valuable tax relief altogether. According to the Financial Times, ministers are concerned that Entrepreneurs’ Relief is too generous to wealthy individuals. Entrepreneurs’ Relief allows business owners to pay half the usual 20 per cent […]

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Get ready for a range of tax changes this April

20 Feb 2020

Monday 6 April 2020 will see a range of tax changes come into effect with the start of the 2020/21 tax year. Some of these changes have the potential to have considerable implications for your tax bill, depending upon your specific circumstances. Here is a selection of the most significant changes: Capital Gains Tax (CGT): […]

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Latest case highlights the dangers of not meeting workplace pension requirements

20 Feb 2020

A recruitment business has been ordered to pay £10,890 after avoiding their automatic enrolment duties and misleading the Pensions Regulator (TPR). Hertfordshire-based SKL Professional Recruitment Agency Ltd’s managing director Linus (known as Lee) Kadzere has been sentenced at Brighton Magistrates’ Court for wilfully failing to comply with the workplace pension rules and misleading TPR. The […]

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