Many businesses use vehicles, and as you begin to explore your options, two terms frequently arise: leasing and hire purchase. While they may sound similar, there are key differences between them, particularly regarding ownership, costs, and flexibility. So let’s explore the question Lease v. Hire Purchase. Leasing Leasing a car is similar to renting, but […]
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With the corporation tax rate rising from 19% to 25%, business owners have started to face higher corporation tax bills from 1 April 2023. So, what are the ways to reduce your corporation tax bill? If you are running a profitable business, you may be wondering if you’re taking advantage of all the tax efficiencies […]
In the Chancellor’s Spring 2023 Budget , Jeremy Hunt confirmed changes to the two Research and Development (R&D) schemes currently in operation. These changes came into effect from 1 April 2023 and are being brought in to help tackle a significant amount of fraud being perpetrated through the R&D schemes, particularly the scheme for SME’s. […]
Have you recently started a business? Or are you a small business with turnover of less than £150K? If so one of the decisions, you’ll make is whether to use the cash basis for accounting or the traditional accounting method. As a business you will need to keep records of your financial transactions from […]
Digital transformation simply put is the process of using digital technology to modify current business process to bring better performance
The Chancellor said the aim was to “give everyone the opportunity of good and secure work, so no one is left without hope.”
On Monday 29th October 2018, The Chancellor announced in his Autumn Budget that the Annual Investment Allowance (AIA) would temporarily increase from £200,000 to £1m for a two-year period, between 1st January 2019 to 31th December 2020.
All businesses (including sole traders and partnerships) that process personal data are required to pay an annual data protection charge to the Information Commissioner’s Office (ICO) unless a relevant exemption applies
Our May 2019 charitable dress down day was in aid of Watford FC making it to the FA Cup Final, with all donations going to Watford FC Community Sports and Education Trust.
In April 2019, new employment laws will force organisations to alter the way they work. These changes include increases in the National Living Wage (NLW) and National Minimum Wage (NMW), bigger pension contributions, and a major overhaul to payslips. Below we have listed the various legal changes businesses need to be aware of, with advice on how to prepare for these changes.