Keeping your customers happy is vital for small businesses. You won’t be able to grow your business unless you have loyal, satisfied customers who can spread the word about your product or service. While finding customers is just a matter of marketing and outreach, keeping them is another matter. If you’re [...]
A recent visit by HMRC to one of our clients has highlighted the need for appropriate due diligence around the use of subcontractors in the construction industry, where fraud by criminal gangs is a real problem for HMRC. The way the fraud works is a Limited Company contractor registers several innocent [...]
Following on from the Chancellor’s statement earlier today, we have highlighted the main impacts of the budget below and stated what they mean for you as a small business owner: The tax-free allowance on income tax and the 40p threshold will both be frozen until April 2028. [...]
VAT penalties and interest charges are changing for everyone who will be submitting VAT returns for accounting periods on or after 1st January 2023. The default surcharge is being replaced by a penalty system for submitting your VAT return or VAT payment late. Submitting your VAT Return late The new points-based [...]
This year Accsys Accountants turns 15. I am pleased to say that we have grown the business every year since we started and have expanded from 1 employee - me, from my spare room at my house in Detling, - to now having two offices in Maidstone and Medway and 16 employees. During this [...]
As your business grows, you’ll need to start scaling up your operations. Taking on employees and growing your customer or client base could mean that you soon need to think bigger. Renting a physical office can expand the possibilities of your business, but it’s also expensive. You’ll need to think carefully [...]
Financing a small business is a massive cause of stress for new entrepreneurs. Not only is it a competitive arena, but there are also lots of different types of funding available; figuring out which is best for your business can be confusing. Equity and debt financing are popular methods of funding [...]
Marketing is one of the cornerstones of every successful small business. Investing in your website, social media and local advertising will connect you to new customers and become a vital driver of business growth. However, if you want your marketing efforts to be rewarded, you need a marketing strategy. This is [...]
It’s tempting for companies to think that hiring is the most difficult stage of the HR process. Indeed, recruitment is challenging, but once you’ve found the right person for the job, the real work begins with effective onboarding. Throughout the onboarding process, your new hire is introduced to your company and [...]
The biggest concern for small businesses in the UK right now is the rising cost of living. 42% of small businesses say rising inflation is their biggest challenge, while 38% cite energy prices. Overall, one in five small business owners worries about their company’s future. However, continuing to grow your business [...]
