Running a business has never been simple, but the landscape feels more unpredictable than ever. From HMRC’s ongoing upheaval to the upcoming second Budget from the Labour government on 26th November, the pace of change is relentless. It’s not only the major headline reforms that matter. Sometimes, it’s the more subtle changes, like the recent […]
Category Archives: Business Tips
24
Sep
Sep
Customers and businesses alike often shy away from the dreaded words: “price increase.” But as a business owner, you shouldn’t fear doing what’s sometimes necessary. Adjusting your prices is part of running a sustainable and profitable company, and there are several valid reasons why you might need to make that move. There is a right […]
Business Tips, HM Revenue & Customs, Personal Tax, Tax Tips
When Is an Asset Business or Personal? HMRC’s View and the Tax Consequences
10
Sep
Sep
Determining if assets or property are used for business or personal purposes can significantly affect taxation levels. HM Revenue and Customs (HMRC) is often sceptical of claims where assets appear capable of private use, from cars to horses, and even motorbikes. The consequences of getting it wrong can be costly. So, let’s clarify when an […]
03
Sep
Sep
We know it’s confusing out there right now. Another day, another story of a possible tax hike. It feels like there’s a new story about rising taxes all the time, some even suggesting that you could soon be taxed on what is the most precious asset for most of us: our home. Truth be told, […]
27
Aug
Aug
The Court of Appeal recently overturned the High Court’s decision, prompting all of us to pay closer attention. All of us may be culpable of withholding the whole truth if we think it will benefit others around us. However, in a business setting, the Court of Appeal redefines the boundaries of honesty for directors. In […]
06
Aug
Aug
We work closely with small businesses every day. We know how tough it can be out there. Whether you’re a builder, engineer, consultant, or creative freelancer, running a business in the UK isn’t always straightforward. The rules change, red tape grows, cash flow is tight, and support can feel miles away. With this in mind, […]
16
Jul
Jul
If you run a small or micro business in the UK, big changes are coming to the way you file your accounts with Companies House. We have already seen changes in the identification verifications at Companies House, but there is more. Companies House is now changing the filing rules for small businesses. From 1 April […]
09
Jul
Jul
Do you know the red flags in your systems and how to address them? Over the years, we have worked with small business owners and entrepreneurs who have created something meaningful from the ground up. While most people assess the health of a business by examining year-end accounts or cash flow, we understand that some […]
18
Jun
Jun
On June 11th, the Chancellor Rachel Reeves delivered her Spending Review, outlining the UK Government’s financial strategy for the upcoming years. As the country continues to struggle with stagnant growth, low productivity, and high public debt, the review was closely monitored for indications of a new economic direction. Ms Reeves characterised her announcements as a […]
14
May
May
Over the past few years, many business owners have faced a series of challenges, including global pandemics, war, high inflation, supply chain disruptions, and recently threats of tariffs. Additionally, the rapid and sometimes unsettling rise of technologies like artificial intelligence adds to the mix. These issues are not just headlines; they are real experiences that […]