Cash Basis Accounting for Small Businesses
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.
What the Companies House Fee Increases Mean for Small Businesses
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.
How the Bank of England’s Interest Rate Decision Affects Small Businesses
The Bank of England (BoE) decided yesterday to hold interest rates steady at 5.25%, despite inflation easing to the target of 2%. This decision, closely monitored by small business owners, carries significant implications. Understanding these effects is crucial for navigating the current economic landscape and planning for the future.