Blogs
New Service Announcement – Comprehensive Xero Review
We are pleased to announce that we are now offering a new service! Our Comprehensive Xero Review & Training Bolt On has been available to our clients for [...]
Ai – Not a replacement for professional advice…. yet?
In a recent case, Harber v HMRC (First-tier Tribunal) on 4 December 2023, the taxpayer (Harber) was appealing a penalty of £3,265.11 imposed by HMRC for failing to [...]
Happy New Year…What will the new year bring?
“Dreams without goals are just dreams. And ultimately, they fuel disappointment. On the road to achieving your dreams, you must apply discipline but more importantly, consistency, because without commitment you'll [...]
What to watch over the festive break
Whilst it’s nice to have some time off from the usual run of the mill, at some point you are no doubt going to get bored over the [...]
The Christmas Break Is Coming: Why Business Owners Need to Step Back to Leap Forward
As a dedicated business owner, you might think that taking a break is a luxury you can't afford. But what if I told you that stepping back is [...]
Understanding Why Small Businesses Failed in 2023
2023 has been a challenging landscape, with small businesses are navigating a sea of complexities. As an entrepreneur, you must be asking yourself: “what are the pitfalls that [...]
Out Now– Accsys Goal Setter™ – Exciting New Software By Accsys Accountants
As you may know my raison d'etre (my reason for being) is to help small businesses and their owners. For anyone who has read my book, The Organised [...]
Autumn Statement – Smoke and Mirrors – Was there any real tax savings?
Earlier this week, the Chancellor presented his Autumn Statement, claiming it was about long-term growth for the economy. But did we see any real tax changes or was [...]
Comfort is the Enemy of Progress: How Businesses Can Avoid Falling into a Slump
As a business owner and leader, it's easy to fall into your comfort zone. The day to day grind of the many challenges faced by owners can mean [...]
The tough times continue – Insolvencies are on the rise
It’s difficult to be optimistic at the moment. So many businesses are feeling the pinch and finding things difficult. It’s the perfect storm of high interest rates, high [...]
Not declaring your side hustle? Beware of HMRC’s new powers
From 1st Jan 2024, HRMC will be able to access and view your incomes on digital platforms like Airbnb, Etsy, Upwork, Uber etc. If any of you have [...]
Could we be any sadder? Matthew Perry RIP 1968-2023
It was with great sadness that I woke up to the news of Matthew Perry passing last Sunday. Like most of us I was glued to Friends in [...]
Fraud Alert – Business owner loses £1.6m in 20 minutes
When Steve Wright, the owner of Kent Brushes, learned that he had just been victim of a fraud his heart dropped. When he found out it was £1.6m [...]
Selling Your Business (Part 2) – Getting Your Business Ready to Sell
So, you have decided it is the right time to sell. But is your business ready to sell and what can you do to maximise its value? Getting [...]
Selling Your Business (Part 1) – Is it time to Sell Your Business?
You have worked hard building a business but are now considering whether it’s time to sell – to cash out and move on. Here at Accsys Accountants we [...]
Associated Companies – This could increase your Corporation Tax
Corporation Tax is now taxed in bands. As the image below shows, profits above £250k are taxed at 25%, those below £50k at 19% and profits that fall [...]
How small businesses can harness the power of Dynamic Pricing
In today’s fast-paced business world, staying competitive and maximising revenue is a top priority for small businesses. One strategy that’s gaining traction is dynamic pricing. This approach involves [...]
“We are what we repeatedly do” – the impact of positive and negative habits
As an accountant running my own practice, I often advise business owners on how to run better businesses and become better business owners. This advice is not limited [...]
“Every Business is the Same, I hadn’t realised”
In a meeting this week, a client said this to me. He had sold a successful business to start up a new venture and was feeling the pain [...]
Proper Planning Prevents Poor Performance
In the realm of business, small business owners must wield the art of effective planning to ensure success in the face of challenges and opportunities. The adage "Proper [...]
The Value of Having a Dedicated Accountant at Your Fingertips & No Extra Fees
In today's fast-paced business landscape, where technology often takes the forefront, the human touch remains an invaluable asset. For small business owners, having a professional adviser readily available [...]
Will The Corporation Tax Rises Affect Growth?
I am no economist, so I do not really understand the thought process of raising Corporation Tax at a time of high inflation. To me, the aim of [...]
Is your business dead in the water?
Times are undoubtedly tough - there is a cost-of-living crisis, inflation is high (although falling) and in an attempt to curb it, the Bank of England and the [...]
Has the music stopped for R&D Claims? HMRC Crackdown!
After years of seemingly giving a free reign over R&D claims with very little scrutiny, HMRC are now shifting significant resources to their Research and Development Anti Abuse [...]
The Power of Networking
Any marketeer will tell you that a successful marketing strategy needs to contain a mix of activities. One of these activities should include Networking. When you think of [...]