Latest General Practice

We can assist in this process by assisting in assessing risk and then advising on introducing appropriate mitigation: Robust Financial Management Undertaking a voluntary or statutory audit as, both, a preventative and detective measure. Introducing appropriate financial controls, timely financial reporting procedures and other examples of best practice governance. Registering for the Companies House PROOF…

2016 British Small Business Awards: Nominations invited. This years Awards are taking place in London on 20th October and the nomination deadline is 27th May. There are 3 categories: Sole Trader of the year, Micro Business of the Year (2-9 people), Small Business of the Year (10-50 people). For further details visit:  http://www.smallbusiness.co.uk/news/opportunities/2516776/nominations-now-open-for-the-british-small-business-awards.thtml and for…

Data Source: Whitings’ SME Growth Index The Whitings’ SME Growth Index is a barometer to measure and bench-mark how successful our clients are in being able to grow their businesses. It is constructed as follows: Year on year turnover (excluding Covid grants and other exceptional income sources) is continually measured over the review period. Results are assigned…

Reviewing business financial performance just before the year end, then taking actions to influence how the year end results will look, should be a key element of the annual financial management routine for larger more pro-active businesses. Although tax mitigation is usually the key aim of most company pre year end planning, performing this task,…

Certain payments made by businesses on behalf of employees are tax free personally, so are useful for profit extraction and within flexible remuneration structures: Employer pension scheme contributions (up to £60,000 per employee per annum, plus potential ‘catch-up’ from previous 3 years. This assumes your personal income is not above £260,000 and you are not…