Covid-19, and the Government’s response, has posed the most severe peacetime challenge to the UK economy in living memory. But real and sustained growth is attainable for the prepared business. Whilst the latest Office for National Statistics data indicates that the UK economy is 4.4% smaller, in GDP terms, than it [...]
How much national insurance hike will cost your business The Government's £11bn national insurance tax grab to pay for social care will hurt economic recovery and create unemployment, warn small businesses and economists. The Federation of Small Businesses has warned that more than 50,000 jobs in UK small businesses are at [...]
I am sure it didn’t escape your attention that Boris Johnson was on TV this week announcing a new tax / increase in national insurance and dividends. The announced increase is 1.25% on top of the current National Insurance already deducted from employees and the self-employed. Possibly the most interesting (or [...]
One exit strategy you may consider as a business owner, is selling your business to a 3rd party. The reasons for this are many; you may be ready to retire, you may want to move on to new challenges or the business may have become unmanageable. If this sounds like you, or [...]
Firms given extra year to apply new Post-Brexit product safety standard After pressure from business groups, the government has given UK firms an extra year to comply with Post-Brexit product safety marking rules. The changes to product safety, had an original deadline set for the 1st of January 2022. This has [...]
Cashflow is important for all businesses but especially so for those in construction, where jobs can be larger, payment terms can also be long and supplier terms short. This blog outlines the steps you can take to make sure that your Construction Business does not run out of cash, including: Forecasting [...]
Make December 31st end of tax year, says small business A poll shows that 91% of small businesses want to move their tax year from April 6 to January 1, which is in line with other countries. This will however, create longer deadlines to accommodate the change. Paul Falvey from The British [...]
Yesterday I heard the sad news that comedian Sean Lock had passed away after losing a battle with cancer, far too soon aged only 58. It’s a sad loss indeed, he brought laughter and comedy to many, including myself – I could often be found doubled over in front of the [...]
House price growth slows as housing market cools Reports suggest that last month, average house prices were 8.7% up on a year ago. These prices are, however, expected to settle with stamp duty set to revert to normal. From October, rates are due to return to normal, which means the point [...]
One of the key components of making sure your construction business is profitable, is having access to accurate management accounts. An accurate Profit and Loss and Balance Sheet will help you make financial decisions, based on accurate information, in a timely manner. An accurate P&L will include the following: Work In [...]
