Inflation is affecting everyone and every business across the globe. How do you do business during these inflationary times and where should you pay attention. Soaring inflation is making things difficult for business as costs rise and, in some cases, go out of control. Consumers are also experiencing the pressures of rising prices and hence […]
Category Archives: Business Tips
14
Dec
Dec
The British High Street is continuing to diminish, and as the crisis persists, the high street as we know it may soon become obsolete, with both independent and chain stores feeling the effects. Mary Portas the queen of retail and the person David Cameron trusted with the review of our high street twelve years ago […]
30
Nov
Nov
The “Toyota Way” as it is often referred to in the world of management is a set of principles supported by two main pillars – continuous improvement and respect for people. So, what can your business learn from a car manufacturing giant? This is a blog for those interested in business so it will […]
Business Tips, capital gains tax, Payroll, Personal Tax, Tax Advice, Tax Planning, Tax Tips
The Autumn Statement 2022
18
Nov
Nov
Yesterday we had the first Autumn statement from the newly appointed Chancellor. Jeremy Hunt was faced with a challenging economic backdrop to his first major set piece. He is grappling with a combination of over 11% inflation, a recession, and the need to re-establish the UK’s financial credibility following the turmoil of September’s mini budget […]
Business Tips, Capital Allowances, Corporation Tax, HM Revenue & Customs, National Insurance, Personal Tax, Tax Planning
Mini Budget 2022
26
Sep
Sep
The new Chancellor Kwasi Kwarteng revealed his first budget on Friday 23rd September. Whilst many of us were expecting some tax breaks nobody had predicted the biggest tax cutting budget since 1972. The tax cuts and other incentives in the budget are directed towards growing the UK economy. The government is targeting a 2.5% growth […]
24
Aug
Aug
Are you thinking about buying a car? If so, will it be an electric car? Will you buy it or lease it? Will it be a Company Car, or will you buy it personally? Buying a car is a big decision and one that should be taken with some thought. Whether you buy or lease […]
Business Tips, Cash Flow, News, Tax Advice, Tax Planning
High Interest Rates and Rising Inflation – What should you do next?
17
Aug
Aug
The Bank of England increased interest rates from 1.25% to 1.75% and has predicted that the UK will fall into recession in the last quarter of 2022. So, with high interest rates and rising inflation what should you do next? The Bank believes that increasing interest rates at a faster rate will mean spending will be controlled. […]
Business Tips, Corporation Tax, HM Revenue & Customs, Personal Tax, VAT
Why you need a Government Gateway Account
03
Aug
Aug
What is a government gateway? Why do you need a government gateway account anyway? The gateway is a central location via which you can access various services including your tax account. How many of you have tried to contact HM Revenue & Customs (HMRC) recently over the phone only to get frustrated with the holding […]
Accounting Tips, Business Tips, Personal Tax, Tax Advice
Business expense if you don’t charge a market rent?
27
Jul
Jul
Are you a landlord? Have you let out your property at an undervalue? If so, what business expense can you claim if you don’t charge a market rent? As a landlord and a tax payer you want to maximise tax savings and claim all the possible expenses against your rents. Why would you not […]
13
Jul
Jul
It’s been a very long week at least on the domestic political scene. It seems longer than just a week ago when we saw the resignation of Sajid Javid followed very quickly by the then Chancellor Rishi Sunak causing a chain reaction eventually leading to the Prime Minister’s (PM’s) resignation. So here we are a […]