Top-line, bottom-line?
Most small business owners are happy, from a financial point of view, if sales are in line with expectations. And there are obvious grounds for this conclusion, after all, if sales dry up there are no funds feeding into cashflow.
Unfortunately, top-line sales are just one aspect of a business that
Importing or exporting for the first time?
If you are considering selling or buying to or from companies based outside the UK, you may well be overawed by the plethora of regulation you are required to be familiar.
As a first step, you could make use of the GOV.UK website and access HMRC’s “digital assistant”. You could use this
Full-time and part-time contracts
As an employer, the tax and employment responsibilities you have for your staff will depend on the type of contract you give them and their employment status.
Contract types include:
full-time and part-time contracts
fixed-term contracts
agency staff
freelancers, consultants,
Changes at Companies House
Companies House have issued an update on their first implementation of changes brought about by The Economic Crime and Corporate Transparency Act. We have copied in the relevant comments made in a recent blog post.
Companies House are aiming to introduce the first set of changes on 4 March 2024.
Does your business have a March year end date?
Leaving aside tax planning issues all businesses should be considering business planning opportunities if they presently have an accounting year end date of 31 March 2024.
For example:
Do directors need to review year end bonuses or final dividends?
Have capital expenditure budgets been
Government steps to secure UK supply chains
Industry leaders have welcomed the Government’s new Critical Imports and Supply Chain Strategy, safeguarding UK supplies of critical goods such as medicines, minerals and semiconductors.
In a press release issued 17 January 2024, The Department for Business and Trade said:
“More than 100 top
A reminder to protect your business capital
The beginning of a new year is an opportune time to undertake basic business planning. One aspect that needs continuous management is to protect your business capital.
The downturn in global trade continues to be affected by the war in Ukraine, the situation in the Middle East and now the
Be wary of rogue business rates agents
The government Valuation Office Agency have issued the following warning to business owners who may have received unprompted approaches by an agent offering to negotiate a reduction in their business rates bill.
The Valuation Office Agency (VOA) is urging businesses to protect themselves from rogue
Season’s greetings and a prosperous 2024
As Christmas arrives the week before the calendar year-end, many of us will enjoy a week’s shut down and have time to relax and enjoy the break with our family and friends.
The break also gives us time to consider our plans, personal and business, for the coming year.
Readers of this post who have
Investment v costs
There are two ways to consider the effects or benefits of business and personal expenditure.
The payment of rates or utility costs are an essential part of our daily expenditure, but it would be difficult to view them as an investment.
Whereas the cost of building a new online sales platform for