The Bank of Mum and Dad is starting to close its doors
The Bank of Mum and Dad – parents lending their children money – continues to be one of the UK’s biggest defacto money lenders, but it looks as though that is starting to change. In a recent survey…
What business mileage can I claim?
We often get asked the question what business mileage our clients can claim back, and what tax they will have to pay on it if they do. Below we break down the differences between business mileage and private…
What’s the difference between cash and profit? Not knowing can cost you dearly
The vast majority of businesses, particularly those in their early stages, go bankrupt through lack of cash, not from lack of profits. However, many business owners don’t truly understand the difference between having cash and having profit and…
VAT change for builders delayed until 2020
The VAT change for builders – known as the Domestic reverse VAT charge – has been delayed. It was due to come into force on 1st October 2019, but the Domestic reverse VAT charge has now been delayed…
Brexit: Customs intermediaries grant scheme launched
In advance of leaving the EU on 31 October 2019 the UK government has announced a Customs intermediaries grant scheme. Should the UK leave, there will be immediate changes to the way UK businesses trade with the EU,…
Female owners less likely to quit their business than male owners
A new study has revealed that female entrepreneurs are less likely to give up on their businesses than their male counterparts. Men are 14% more likely to leave their business, whereas women were more likely to stay at…
What is inflation?
What is inflation? How does it work? Is it good or bad for business? We are often asked about inflation and the affect it has so here is our brief guide to the essentials you need to know:…
Bosses urge reform for the ‘broken’ business rates system
A group of more than 50 bosses of retail businesses have called on the Chancellor to reform the business rates system in an effort to help boost the high street. The group, including bosses from Asda and Boots…
Cheap and free staff benefits you can offer
We often hear from businesses that they can’t attract or retain the top talent they want because they can’t afford to pay the big salaries or benefits, and don’t know what perks they can offer. The truth is though,…
The labour market and wages continues to grow in strength
The UK labour appears to be going from strength to strength – but there are still some negatives. Wages growth jumped to 3.6% in the year to May 2019 which is the highest rate in over a decade, according…