Accounting

In the ever-evolving landscape of digital information, data protection is a critical issue that small businesses cannot afford to ignore. Whether you’re just starting out or have been in business for a while, understanding and implementing robust data protection practices is essential.
This blog reviews why data protection matters for small businesses and how you can stay compliant.

With the general election approaching, there’s an air of uncertainty that could significantly impact small and medium-sized enterprises (SMEs) across the UK. One of the most pressing concerns for business owners is the potential changes to capital gains tax (CGT). As the backbone of the UK economy, SMEs rely heavily on private investment to fuel growth and innovation. 

But what happens if the rules around CGT change? Let’s dive into a topic that might not be as thrilling as your latest business venture, but it’s just as crucial – capital gains tax.

Choosing the right accounting method can make a significant difference for small business owners. For many small businesses, the cash basis accounting method offers a straightforward, less complicated alternative to the traditional accruals basis. This guide will walk you through the essentials of cash basis accounting and how it can benefit your business.

As of 1st May 2024, Companies House has implemented fee increases impacting both new and existing companies in the UK. While these changes aim to cover service delivery expenses and are not profit-driven, they present new challenges for small businesses.

This blog looks at what’s changed and how it affects small Businesses.

Discover strategies for surviving economic downturns. Manage finances, diversify revenue, and support your team with our expert guidance.

Navigating the world of business ownership can be a bit of a maze, especially when it comes to understanding the different labels and structures. Two terms that often cause confusion are “sole trader” and “self-employed.” While they are related, they are not exactly the same. This blog ‘Understanding the Difference Between Sole Trader and Self-Employed’ breaks down in simple terms to clear up any confusion.

The UK economy saw no growth in April 2024, with particularly wet weather discouraging shoppers and slowing construction.

Official data from the Office for National Statistics (ONS) indicates that this outcome was anticipated, following robust growth from January to March which had pulled the economy out of a recession.

This failure to grow comes at a critical time, with the general election on 4th July looming, making the economy a key battleground for political parties.

The General Election 2024 is just around the corner, and it’s more than just a national event; it’s a pivotal moment for small businesses across the UK.
As we brace for the potential changes and opportunities that come with a new government, it’s essential for small business owners to stay informed and prepared.

As the calendar pages turn and a new financial year looms on the horizon, it's time for small and medium-sized enterprises (SMEs) in Manchester and beyond to get their ducks in a row. Preparing for the new financial year isn't just about closing books and paying...