Having picked up the Treasury reins just weeks before the Covid pandemic broke, Chancellor Rishi Sunak has so far had little room to manoeuvre or stamp his own brand on the economic plan for the UK. Despite making numerous announcements and unveiling multiple recovery and support plans, his budget statement on March 3rd 2021 is […]
It is being reported that HSBC, NatWest and Lloyds Banking Group have temporarily suspended opening new small business accounts as fears around the legitimacy of these new businesses grow. Recent industry data showed that up to 55% of applications were potentially fraudulent with suggestions that just 15% of those applying ended up opening a current […]
Despite introducing financial support packages that were designed to include as many people as possible, there were always going to be segments of society that missed out on Government support during the Covid pandemic. One major group that were initially overlooked were the self-employed, requiring Chancellor Rishi Sunak to have to introduce the Self-employed incomes […]
Although many people have spent much of 2020 working from home, news of a vaccine has prompted a great deal of discussion about the future of the office. Much of the media, including business focused channels such as LinkedIn, have been full of philosophers predicting the demise of traditional office space. But just how realistic […]
Whilst there no longer appears to be anything that is truly unusual in the current climate, the Chancellor took the unusual decision to cancel November’s planned budget statement and delivered a Winter Economy Plan in its place. This move once again underlines the lack of long-term certainty that the Covid pandemic is enforcing on the […]
During the summer a further round of recovery and growth grants were announced by the Government. This latest round of business support funding is targeted at small and medium sized businesses in England providing grants between £1,000 – £5,000 for new equipment, technology and specialist advice to help them recover from the impacts of the […]
A Tax Raising Tory Government? I have been in the accountancy game a while now, too many years to mention perhaps. During that time, I have seen many governments of all colours and persuasions and as a firm we have endeavoured to help our clients, both personal and commercial, navigate the peaks and troughs of […]
Companies House data is highlighting that 2019 was a record year for new company formations with almost 700,000 new registrations over 12 months. The data, which has been quoted in research by The Centre for Entrepreneurs shows a rise of almost 3% on the previous year. One of the most notable sectors for new company […]
When considering 2019 in retrospect, the kneejerk reaction would be to say that it has been a hard year. But when we stop and consider the facts, they might tend to tell a different story. Gretchen Rubin is credited with the quote ‘The days are long, but the years are short’ in the context of […]
In considering what 2020 holds for our clients and business in general, this has to be written with a general election outcome caveat. Economic analysts are beginning to upgrade their economic forecasts for the country for 2020 which is good news. However, these upgrades are partly based on the spending pledges of the main Political […]
Cybercrime is on the increase according to The Federation of Small Businesses (FSB). The organisation, which represents the interests of the UKs small businesses, is alerting business owners to the growing risk posed by cybercrime after research showed that small companies in the UK are collectively subject to almost 10,000 cyber-attacks a day. In a […]
Making Tax Digital, the initiative introduced by HMRC in April requiring businesses to keep digital records for the calculation and submission of VAT returns, has met with early reluctance to register. Whilst many businesses may have ignored the passing deadline, in the belief that they were already compliant as a result of using approved accounting […]