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 [...]
Co-working spaces have grown in popularity over the last few years as companies embrace more flexible ways of working. Demand for flexible workspaces in the UK has risen 22% in 2022. A typical coworking hub will offer various working options, from hotdesking to small private offices, depending on your size and [...]
The new Chancellor, Kwasi Kwarteng's first budget meeting, saw him announcing his "growth plan for entering a new era" under the new leadership of our new PM, Liz Truss. Here is a summary of announcements that could affect you: Corporation Tax The planned rise in corporation tax from 19% to 25% [...]
Recruitment is never easy–finding the best employees for your business requires talent, knowledge, and just a bit of luck–but the UK skills shortage is making this task even more challenging. Job vacancies in the UK are now at a record high of 1.2 million. This is expected to worsen before it [...]
