As we roll into 2025, I get the sense that business confidence is evaporating like a puddle on a hot day. Before the Labour Party was elected, there were green shoots in the economy; the Bank of England was lowering interest rates, and generally, things felt like we might just avoid [...]
As the calendar turns to 2025, it’s time to write the obligatory ‘let’s get it done in 2025’ blog. So here goes. This time of year is a great time to leave behind the challenges of the past and embrace new opportunities. It’s weird because it’s just another turn of the [...]
Last week, a new client asked me if they really needed to keep ALL their receipts. I replied, “only if you want to claim the VAT back and get a Corporation Tax deduction.” Running a business is not easy – you have to literally do it all (or make sure it [...]
It’s been a couple of weeks since the Budget and we have taken the time to let the full impact of the minimum wage increases sink in. The National Living Wage (for those aged 21 & over) will increase to £12.21 per hour from £11.44, an increase of 77p, and the [...]
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 [...]
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 [...]
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 Planning Prevents Poor Performance" encapsulates the essence of this crucial practice. Let's look at the origins of this saying and explore how its [...]
We believe that a regular finance meeting is a sign of a healthy business. So much so, that we have written out an agenda for you to use in your business and are giving it away absolutely free! Here are the top reasons a finance meeting is important for your business: [...]
Working for yourself is difficult at the best of times - you have a lot of balls to juggle and things to remember. One of those things is your finances. As a sole trader, it’s easy to mix up your personal finances with your business’s finances, after all its all your [...]
