As this year comes to a close, it’s the perfect time to reflect on what 2024 has meant for you and to set your sights on what you want to achieve in the coming year. As your accountant, we are serious about you and your ambitions. We love working with and alongside you to ensure […]
Category Archives: Business Tips
Business Tips, Employee Benefits, National Insurance
An increase in costs and responsibilities for the employer
06
Nov
Nov
October has been a significant month of news for employers. First, the long-awaited Employment Rights Bill was published on 10th October, and then the announcements were made in the Budget last week. You can’t have missed it, the rise in Employer’s National Insurance (NIC). From next year, an increase in costs and responsibilities for the employer […]
Business Tips, capital gains tax, HM Revenue & Customs, Personal Tax, Tax Tips
Further details of the Budget
31
Oct
Oct
Yesterday, we received the first Labour Budget in fourteen years, which was significant! It included substantial tax increases. There is a lot to consider, so we can begin by examining the details of the Budget. However, before we jump to the nitty gritty, here’s a summary of how the Budget affects you depending on who […]
23
Oct
Oct
As experienced accountants, we are accustomed to frequent changes from HM Revenue & Customs, but changes from Companies House are less common. However, there are proposed amendments to the Companies Act 2006 that will introduce identification verifications at Companies House. We are expecting more changes down the line as well so watch this space. A […]
Accounting Tips, Business Tips, HM Revenue & Customs
Chancellor wants businesses to move to “e-invoicing”
01
Oct
Oct
The government has unveiled a proposal to expand electronic invoicing across the UK and hinted at a forthcoming ‘Digital Transformation Roadmap’ for HM Revenue & Customs (HMRC). However, the details about both plans are currently limited. The chancellor wants businesses to move to “e-invoicing” as part of the process. In her first speech as Chancellor […]
25
Sep
Sep
This week is Labour Party conference week. Rachel Reeves made her debut speech on Monday as the Chancellor of the Exchequer. She said there was no return to austerity but instead a time for “iron discipline” and “relentless focus.” With this in mind, we explore what’s expected in the budget. When is the Budget? The […]
11
Sep
Sep
Did you have a great summer? It wouldn’t be very British not to discuss the weather, but quite frankly, there was nothing noteworthy to discuss about the weather. It was what it was. But what about our economy? We have seen a new government come in, a cut in interest rates, some growth during the […]
14
Aug
Aug
In today’s challenging economic environment, small businesses must be prepared to navigate potential financial and logistical challenges. As accountants, we bring a wealth of expertise and can play a crucial role in ensuring your business success by reminding you why financial information matters when it comes to running your business. Last year, 25,158 corporate insolvencies […]
10
Jul
Jul
In the March 2023 budget, changes to the two Research and Development (R&D) tax relief schemes were announced, which came into effect from 1 April 2023. At the same time, plans were also proposed to merge the two schemes into one which would come into effect twelve months later. After consultation, the two schemes have […]
Accounting Tips, blog page, Business Tips, Cash Flow, Myers Clark News
Here’s how a successful family business primed and transitioned ownership for the next generation.
01
Jul
Jul
Even in the midst of success, many business owners are harbouring internal fears about the future. Family-owned Emery Little Wealth Management (EL) had successfully navigated the start-up and growth phases of their business. They were well established with a solid team, good clients, and regular revenue. Outwardly, their foundation seemed unshakeable. Internally, the owners were […]