Holiday pay should be simple, shouldn’t it? An employee takes a week off, you pay them for the week, and everyone carries on as normal. But what happens when that employee regularly works overtime? This is where things can get complicated, especially for smaller businesses where overtime can vary month to month. The important principle […]
Category Archives: Business Tips
Business Tips, Myers Clark News, Personal Tax, Tax Planning
Rumours are already gathering pace ahead of the Autumn Budget. Should you react?
05
Oct
Oct
The Autumn Budget is just a few weeks away on Wednesday 28 October. And, as always, the rumours have already started. Will Capital Gains Tax increase? Will there be more changes for business owners? Will the tax-free pension lump sum be attacked? Will the Government look to raise more money from wealth rather than income? […]
18
Aug
Aug
When you first start a business, the future feels full of possibility. Everyone is excited, the shareholders are aligned, you’re all working towards the same vision, and it’s easy to believe that things will always stay that way. That optimism is one of the best parts of building a business. But it’s also the reason […]
05
Aug
Aug
Running a small business has never been easy, but in today’s economic climate it can often feel overwhelming. With rising costs, changing legislation, staffing challenges and economic uncertainty, business owners like yourselves are expected to make dozens if not hundreds of decisions every single day. Some decisions are major, such as whether to recruit, invest […]
Business Tips, Personal Tax, Tax Tips, VAT
We have a new government, which means getting ready for changes
22
Jul
Jul
On Monday 20 July 2026, the UK welcomed a new Prime Minister, Andy Burnham. In his first speech outside Number 10, he highlighted the need to do politics better and the need to make this moment a circuit breaker for Britain. What’s not to like about that statement? We are sure you can resonate with […]
Business Tips, HM Revenue & Customs, Tax Tips
Tax Update 2026: What Every UK Small Business Needs to Know about the direction of travel
01
Jul
Jul
Last week’s latest Tax Update 2026 (policy paper) signals one thing loud and clear: the UK tax system is becoming more complex, not less. From proposed changes to income tax payments and VAT, to tougher HMRC enforcement powers and new digital requirements, businesses will need to stay informed to avoid costly mistakes. While many of […]
Business Tips, Tax Advice, Tax Planning, Tax Tips
Paying Your Children Through Your Business: Smart Tax Planning or More Trouble Than It’s Worth?
10
Jun
Jun
Running a small business often involves juggling multiple responsibilities. One moment you’re serving clients, and the next you’re managing cash flow, handling administration, and trying to keep up with marketing. However, there may be someone in your household who excels at these tasks. Younger family members can be an asset for social media posts, general […]
03
Jun
Jun
A couple of weeks ago, the Chancellor announced a package of measures designed to ease some of the pressure many of us are feeling right now with the cost of living. At first glance, some of these changes might seem quite small. But we think some of the announced measures need your attention as a […]
Business Tips, Tax Advice, Tax Planning, Tax Tips
Thinking About Stepping Back One Day? Apple’s CEO Handover Has a Lesson for You
13
May
May
Last month, Apple announced that Tim Cook will step aside as Chief Executive on 1 September 2026, handing over the role to John Ternus, the company’s long‑standing head of hardware engineering. Cook isn’t stepping away completely; he’ll still remain involved as executive chairman, helping support the transition and ensure continuity. Apple described this change as […]
Business Tips, Cash Flow
How Understanding Your Numbers Supports Financial Health and Business Growth
29
Apr
Apr
Let’s be honest, most business owners don’t wake up in the morning excited about management accounts, forecasts, or KPIs, because what really sits at the front of their mind is customers, cash flow, staff, and how on earth they keep everything moving in the right direction. But here’s the reality we see time and time […]