As an accountant, there is one question I get asked more than any other ‘can I run this through the business?’ What business expenses can you actually claim? Everyone wants to minimise their tax bill, and claiming legitimate business expenses is the single best way to do it. Every pound of valid business expenditure reduces…
HMRC Debt – When the tax bill becomes the tipping point Across many SMEs right now, HMRC arrears are no longer a small timing issue — they are becoming the defining financial pressure on the business. VAT unpaid PAYE building Corporation Tax deferred CIS deductions outstanding What starts as a short-term cash flow management decision…
You’ve Diagnosed the Problem — Now What? Identifying the root cause of financial pressure in your business is a major step. But diagnosis without action changes nothing. Once you know what is wrong, the next phase is structured response. Here is how to proceed. If It’s a Cash Flow Timing Issue Common causes: Slow-paying customers…
Struggling with your business? Before you panic, lets diagnose the real problem. We are speaking to more and more business owners who say the same thing, ‘we used to be profitable — now we’re constantly under pressure’. Cash flow is tight. HMRC arrears are building. Margins feel thinner and stress levels are higher. Before making…
The tinsel is up, the high street is buzzing and for your business, this means one thing: the annual Christmas rush is upon us! Check out our guide to hiring temporary staff this Christmas. As a business owner, your first instinct is operational, “I need more people on the shop floor,” or “We need more…
Running a tourism or hospitality business in Cornwall is rewarding but comes with unique financial challenges. Whether you manage holiday lets in St Ives, run a B&B in Hayle, or serve cream teas in a coastal café, staying on top of your tax and accounts is crucial. Seasonal income, changing regulations and managing staff can…
If you’re self-employed in the UK, you may be required to make payments on account (POA). What is payments on account? In this blog we’ll explain what payments on account is and what you need to do as a self employed taxpayer. What is Payment on Account? Payments on account (POA) are tax payments made…
How much is my business worth? Valuing your business can help you focus on areas for improvement. In this blog we aim to answer a few questions you may have about valuing your business. Hopefully then helping you answer the question, how much is my business worth? So, how do you even value a…
Lots to go through from the Spring Budget 2023 today. In this blog we’ve summarised the main points for you. Corporation Tax Announced in the Spring Budget 2023, from 1 April 2023, the rate of Corporation Tax will increase to 25% if a company’s profits exceed £250,000 a year. The current rate of 19%…
With increasing supplier and energy costs and a rise in interest rates, it’s vital that you understand your business cash flow. Your business cash flow can give you insights about the health of specific products or services and overall market patterns. In this blog, we provide cash flow tips for businesses. What is cash…