As of October 2024, the UK's new Procurement Act introduces transformative changes to how small and medium-sized enterprises (SMEs) can engage with public sector contracts.  With over £300 billion in public sector procurement available annually, these reforms simplify...

As of 1st October 2024, significant changes to audit thresholds have been implemented, impacting thousands of small and medium-sized businesses (SMEs).  Over 132,000 businesses are now exempt from mandatory audits due to these new rules, offering potential cost...

Well folks, the first Autumn Budget under the new government is almost here, and there’s a lot on the table that could impact small businesses. Set for 30th October 2024, this Budget is expected to bring some key changes, particularly in taxation, funding, and...

When you’re running a business, understanding tax deductions can be the difference between a nice bit of savings or a hefty, unexpected bill from HMRC. Knowing what you can claim back isn’t just about ticking boxes—it can keep more of your hard-earned cash in your...

If you're a small business owner, chances are you've faced the headache of late payments.  Whether it’s waiting on a big client or chasing unpaid invoices, this common problem is more than just an inconvenience – it’s costing...

For small businesses aiming to grow, navigating financial complexities can be daunting, but getting professional financial advice can make all the difference; providing clarity, strategy, and direction.  With the right support, small businesses can achieve their...

In the accounting world, firms are always searching for clever ways to work smarter, save money, and grow their business—because, let’s face it, it's more than just crunching numbers. One increasingly popular approach is outsourcing non-core tasks such as bookkeeping...

Running a business is a juggling act, especially when you're the director. Balancing the books while steering the company toward growth is no easy feat. One financial tool that often causes confusion but is crucial to understand is the Director’s Loan Account (DLA)....

Starting a business as a sole trader is the simplest way to dip your toes into entrepreneurship. You register with HMRC, file an annual tax return, and handle VAT if applicable. It’s straightforward, especially in the early stages when your business is just finding...

On 1st August 2024, the Bank of England (BoE) announced a cut in interest rates from 5.25% to 5%.  This decision marks the first rate drop since March 2020, as the economy grapples with post-pandemic recovery and inflation management.  For small businesses, this rate...