According to many economists, the UK is experiencing the beginnings of a deep recession, which could worsen in 2023. This won’t be welcome news for small business owners and sole traders, who may be wondering how to secure their finances successfully. In fact, there’s been a stark increase in demand for [...]
Seemingly we stand on the brink of a recession, we can see the signs everywhere - only well-thought-out, efficient businesses survive recessions. We want this to be you in 2023. We are firm believers, that you will achieve exactly what you plan in life and next year will be [...]
Running a business can be hard at the best of times and unfortunately, these are not the best of times. The cost of living “crisis”, which has been made worse by media hysteria, has ruined consumer confidence and caused a difficult trading environment. Don’t get me wrong there are some genuine difficulties, but constant [...]
SEO isn’t necessarily your top priority when just starting your business. You might not even know precisely what it is. Does it have something to do with websites? Or Google? Actually, investing in SEO could do a lot for your business, particularly when it comes to reaching new customers. In this [...]
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 [...]
