Latest Blogs in Business Support
Benjamin Burtenshaw
2nd March 2022 Companies House Proposed Filing Reforms

The Government have announced plans to revamp filing at Companies House for small companies & micro-entities in a move that will see additional information made available to the public when filing company accounts. The reforms are largely seen as an attempt to reduce the levels of economic crime committed through the country.   Currently, small…

Ruth Pearson
28th February 2022 New HMRC Advisory Fuel Rates

HMRC have released their latest Advisory Fuel Rates to be used from 1st March 2022.   These rates should be used when you:-   Reimburse employees for business travel in their company cars Need employees to repay the cost of fuel used for private travel   Rates The advisory electricity rate for fully electric cars…

Steven Denton
28th February 2022 Increased National Living Wage (NLW) & National Minimum Wage (NMW) Rates for 2022

In accordance with the government’s desire for the NLW to reach two-thirds of median earnings by October 2024, the following increases to the NLW & NMW have been adopted for 2022-23 tax year.     The new rates will be introduced from 1st April 2022 and will be applicable to all payments made after this…

Benjamin Burtenshaw
17th February 2022 The Perfect App Stack?

With over 1,000 apps available on the Xero App Store alone, it can be difficult to know which apps are best suited to your business.   Whilst every business is unique and will have different requirements, I believe there are two key app types that should always be part of your app selection, or “app…

Bethan Hassey
11th February 2022 Average waiting time for calling HMRC drops to nine minutes!

It has recently been announced that the average waiting time for HMRC to answer a telephone call reduced to nine minutes in December 2021 compared to 13 minutes in November 2021! If you would like us to speak to HMRC on your behalf, we require agent authorisation via form 64-8. To submit form 64-8 to…

Elizabeth Prior
4th February 2022 2022: Time to become more eco-friendly?

There’s never been a better time to become an eco-friendly company.  Not only for the wellbeing of the planet but it also makes good business-sense.   Although financial measures are very important in deciding the performance of a business, there are many non-financial measures which can affect your figures. Being sustainable is something that customers…

Elizabeth Prior
4th February 2022 Xero: How to reconcile your bank

Reconciling your bank account is an important task in managing your businesses finances. This is because, by doing this we are making sure that all business transactions are being recorded and more importantly, you can identify any unusual transactions that may be taking place in your company. Xero has a feature in which you can…

Ian Piper
11th January 2022 Should your company have a ParentCo?

If you operate a trade through a limited company, and your ‘numbers’ are big enough, then there are some scenarios where it is often best advice to insert a parent company above this trading company, to create a simple group structure: As a risk management measure, to enable valuable assets (eg business premises, investment property,…

Vanessa Pearson
11th January 2022 Chancellor announces another £1bn in grants

On 21 December 2021, Chancellor of the Exchequer, Rishi Sunak, unveiled a £1 billion COVID-19 fund, including cash grants of up to £6,000 per premises for each eligible firm in the hospitality and leisure sector.   Mr Sunak said the government would also help certain firms with the cost of sick pay for COVID-related absences. The Chancellor also announced…

Ben Kilby
5th January 2022 Home office pod: the tax pros & cons

If there is one question I have been asked by our business clients more than any other since the pandemic began, it is “How can I tax efficiently purchase a garden home office pod, to run my business from”?   Unfortunately there is no simple single answer to this question, and best advice will depend…