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Major changes to the VAT Flat Rate Scheme

If you currently charge 20% VAT on your sales to customers but pay a much lower VAT rate as a percentage of your Gross sales (between 12-14%)  please read on! From the 1st April 2017, the Flat Rate VAT Scheme is changing.  HMRC is introducing a new 16.5% rate which is likely to be less…Read More

How to stay on top of your taxes

Staying on top of your tax obligations can be a challenge, particularly when you’re trying to run a busy business. Doing so really does make life much easier when it comes to submitting your self assessment however and it also helps you maintain control of your accounts and in the rare event that you do…Read More

Self-employment rates in the UK continues to soar

The latest figures which have been released from the Office for National Statistics (ONS) has revealed that the rate of self employment in the UK is continuing to grow year-on-year. Since 2008, the number of freelancers or self-employed workers has risen by an impressive 700,000 and now stands at 4.5 million. Furthermore, in the period…Read More

How to make your office more energy efficient and save your business money

In today’s technologically advanced world, offices are jam-packed full of electronic equipment. From computers, telephones, printers, scanners, heaters, air-conditioning units, kettles, microwaves and mobile phones constantly being charged, companies are paying a fortune in energy bills. The good news is that there are plenty of ways you can reduce this. As well as saving your…Read More

Great ways to cut your business costs

There are costs involved with running any business and although there is nothing you can do to avoid this, there are some simple yet effective changes you can make to reduce your expenses and improve profitability. Reduce energy use Use energy saving light bulbs, make sure the windows are insulted properly, encourage people to email…Read More

How to avoid cashflow problems when you run your own business

One in four businesses don’t make it through the first year and more than half don’t survive past the fifth. Unsurprisingly, one of the main reasons for this is down to cashflow – without it, a business simply cannot stay afloat. Below are some of the most common cashflow problems and how you can prevent…Read More

The most common accounting mistakes small businesses make

When running a business, mistakes are inevitable and one of the most common areas in which people slip up is with accounting and bookkeeping. Accounting mistakes can range from minor errors such as forgetting to keep low-value receipts all the way up to issues that can really affect your company’s cash flow and even put…Read More

The things you should consider before starting your own business

Running your own business can be great – you have complete control, you get to work with the people you want to work with, it’s exciting watching it grow and you get to reap the benefits of the profits. There is a lot of hard work involved with setting up your own company however and…Read More

The benefits of outsourcing payroll

Payroll management is time consuming and difficult so it’s not surprising that very few business owners enjoy it or like to do it themselves. If you’re currently in the process of weighing up whether or not to carry on as you are or outsource this service, here are a few benefits which should help you…Read More

Everything you need to know about Pension Auto Enrolment

  Pension Auto Enrolment, also known as Automatic Enrolment, is a new law that means all employers must automatically enrol their workers into a workplace pension scheme. Although this process is automatic for your staff because they don’t have to do anything, it’s not automatic for the employer and there are steps you need to…Read More

How to write a Marketing Strategy

A ‘marketing strategy’ isn’t just for big corporate organisations, it’s for every business.  Size really is irrelevant – it’s all about having a clear focus of what you want to achieve and how you are going to do it. So how do you keep a marketing strategy simple?  Here’s our 4 step guide! Market Research…Read More

Tax efficient ways to get your staff fitter and healthier

It makes sense that a healthy workforce is a productive workforce. As well as being more motivated during the day and getting more done, they’re also less likely to take sick days. The government has recognised these benefits and has introduced tax breaks to employers who promote good health so encouraging your staff to be…Read More

What to do if you miss the tax return deadline

As always, the deadline for submitting and paying self return tax returns is the 31st January. If for whatever reason you haven’t managed to complete yours, what happens now? The first thing to remember is not to panic. Missing a payment to HMRC can feel incredibly daunting and although it’s highly advisable to keep up…Read More

Every year HMRC receives some genuine, some silly and some downright bizarre excuses for why people couldn’t submit their tax return on time. As the 2015 deadline quickly approaches the tax authority has released its annual list of the 10 worst excuses they heard last year for people filing or paying their return late. Unsurprisingly,…Read More


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