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 Business, you will know I put this down to the trauma of being raised in a small family business that failed and had [...]
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 this all just smoke and mirrors? Below we outline the key measures that will affect you and give you our insight and opinion. [...]
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 that you find yourself stuck in a rut, where growth becomes stagnant and where motivation to push the business forward is low. This [...]
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 inflation and high business failures. According to the BBC, insolvencies are as high as they have been since the financial crisis of 2009. [...]
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 a side hustle that you haven’t yet got around to declaring on your self-assessment Tax Return, then now is a good time. HMRC’s [...]
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 the 90’s, and then again in the 00’s, and again recently as my children discovered it. Chandler was an amazing character, his one-liners [...]
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 lost, he was in disbelief. According to this recent article in the BBC, he took immediate action and reported it to his bank [...]
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 your business ready for sale isn't something to be rushed. It takes some careful preparation to make sure you get the best value [...]
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 have seen, and been involved with, many clients who have decided enough is enough and sold their businesses. There are many reasons that [...]
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 in between are taxed at a hybrid rate of the two. But these bands are reduced by the number of companies that each [...]
