On 16th March Chancellor George Osborne delivered the 2016 Budget and it appears to be a welcome boost for small businesses. April 2017 will see a number of changes to policies including business rates, corporation tax and capital gains tax all of which will help small businesses. Business Rates Business rates have been reformed as […]
As you are probably aware, the auto-enrolment staging date for many local businesses is set to come into effect within the next 12 months. Within our client base 60 businesses will stage in this period, we already provide the payroll solution for the vast majority of these businesses and others are considering their position. It […]
A study conducted by a national bank in the south east found that the average SME is owed on average £109,940 by customers. This is a worrying figure as statistics show that this is an increase of 139% since 2014. Failure to receive payments in a timely manner can have significant effects on cash flow […]
Make sure you are prepared for the tax changes… Many of you will have returned from the Christmas and New Year break with a fresh set of plans for how to grow the business in the year ahead. One significant consideration to throw into the pot is the forthcoming change to dividends and the introduction […]
On 25th November, George Osborne delivered his Autumn Statement. As ever, this statement was a good mix of rhetoric, reminders of past policy changes and a hint towards April 2016. It is rare that major policy is announced in the Autumn and this was certainly the case in 2015 for interested SME spectators. Unlike […]
Company vehicles – Leasing, purchasing or renting? How to buy a company car or vehicle for use in the business is one of the most frequent queries posed to us. Unlike other more industry or size specific tax queries, vehicles form a common theme across all size and types of business. Here we look at the […]
Business Advice for SMEs Following the recent article we featured from Natwest Mentor we thought we would provide you with a bit more information on the Mentor service. Mentor provides support to small and medium sized enterprises, or SMEs, in the areas of employment law & HR, health & safety and environmental, meeting the needs […]
Recruiting new staff, without cutting corners Advertisement The CIPD (Chartered Institute of Personnel Development) estimates that the average cost of recruiting the wrong person is £8,200, rising to £12,000 for senior managers. SMEs are naturally keen to reduce costs wherever possible, however cutting corners when recruiting new staff can lead to some terrible decisions, increasing […]