Category Archives: Uncategorized

Leasing v. Hire Purchase

Lease v. Hire Purchase

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 […]

Ways to reduce your corporation tax bill

Corporation Tax

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 […]

Changes to R&D tax relief schemes

research & development

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. […]

What’s the difference between cash accounting & traditional accounting?

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 […]

Nine Dates to be Aware of in April 2019

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.