Latest Business Support

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…

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…

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…

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…

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…

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,…

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…

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…

HMRC has published the latest edition of the Employer Bulletin. This guidance for employers, and their agents, includes articles on: reporting PAYE information in real time when payments are made early at Christmas preventing and correcting payroll errors Health and Social Care – National Insurance contribution increase UK-Swiss Convention on Social Security Coordination COVID-19 –…

For some businesses having a strong credit rating is fundamental to their future success. It can affect availability of supplier credit, the ability to borrow and eligibility to be on customer/prospect tender lists as an approved supplier. For many other businesses, however, this credit rating is totally irrelevant.   Experian is one of the major…