How to prepare before onboarding staff

How to prepare before onboarding staff

As a new business owner, you may feel you can manage your workload single-handedly. However, this will not always be the case. As your business grows and evolves, you will eventually need an extra set of hands, meaning you will need to bring people on board. The...
Large number of over 65s file Self Assessment tax return

Large number of over 65s file Self Assessment tax return

The 2021 to 2022 tax year saw a considerable amount of people aged 65 and over filing a tax return. A report released by HM Revenue & Customs (HMRC) revealed that 16 per cent of individuals who submitted a tax return fell into this age bracket. The new data is...
How to read a set of management accounts

How to read a set of management accounts

In order to grow and succeed, you need to effectively manage your finances and monitor the health of your business. Previously, we looked at what management accounts are and how you can make the best use of them. However, understanding how to read these is perhaps the...
How the personal allowance works

How the personal allowance works

Understanding your income tax and personal allowance is important when looking at your finances and how you are taxed. Everyone has a personal allowance, but what does this mean for you? A personal allowance is the amount of money you are allowed to earn each tax year...