Category: <span>SME Businesses</span>

UK retail sales in May saw highest rise since start of Covid crisis

Shoppers returned to high street after lockdown measures were relaxed. The British Retail Consortium said total sales increased by 10% in May compared with the same month in 2019. A report from The Guardian has said that after the reopening of non-essential retail and hospitality venues across all four nations of the UK, pent-up demand…




Five Top Tips on what to look for as a small business when choosing an accountant

As a small business owner choosing the right accountant is one of the most important decisions you can make, and what works for one business may not be appropriate for another. This quick guide is designed to provide you with some of the most critical points to consider. Research and make your choice early Ideally…




Benefits Of Hiring Chartered Accountants For Your Company

Generally, chartered accountants keep your books in order and handle your tax issues, in addition to other tasks that they’re qualified to do. Regardless of how big or small your business is, there’s always a perfect chartered accountant for your company. If you have doubts about hiring one, below are the amazing benefits you can enjoy…




UK SMEs face complicated recovery

Research for Accountancy Age highlights disparity between SMEs across the UK as they begin to emerge from lockdown. Over one-third of small-to-medium sized businesses (SMEs) have been “completely disrupted” by the pandemic, according to new research by FreeAgent. Overall, 87 percent of surveyed SMEs said their business had suffered due to coronavirus, with further research…




Coronavirus Updates for Accountants

17 April 2020 HMRC emails two million eligible businesses login details for furlough portal Government extends furlough end date to 30 June at £50bn cost Confusion over private school fees and covid-19 lockdown closures 16 April Top tips: furlough and the Coronavirus Job Retention Scheme FCA remodels business plan to address coronavirus challenge Higher rate…




More than 500,000 UK Companies in Significant Financial Distress

509,000 UK companies are in significant financial distress—the highest number ever measured. The coronavirus lockdown has seen the largest quarterly increase in the number of businesses in significant distress since the end of 2017, growing by 15,000 companies. This figure is expected to increase throughout Q2 as COVID-19 restrictions continue. The number of critically distressed…




Bookkeeping: Capturing and organising receipts

Keep your business receipts tidy and organised using the tips in this blog to make completing your tax return a cinch. Here are our top tips for quickly and efficiently compiling, organising, and storing your business receipts. Make notes – Get into the habit of writing a quick note on receipts about what they are…




What is an exit strategy and why do I need one?

All good things must come to an end, and there will come a time in your life when you’re ready to either start playing a smaller part in the running of your business or say goodbye to it forever. Having a well thought out exit strategy already in place will help you to sell or…




Bookkeeping tasks to complete in January

January is a great time to review your bookkeeping processes and get your business’ finances organised for the new year. For many businesses, January is a quiet time of year that is best used to review performance and processes and plan and prepare for the year ahead. Complete the following bookkeeping tasks in January to…




Plans to cut corporation tax put on hold

Prime Minister Boris Johnson has announced that the planned cuts to corporation tax are to be put on hold. On 1st April 2020, corporation tax was due to fall from 19% to 17%. However, in the run up to the December general election, Conservative party leader Boris Johnson has announced that this cut to corporation…