by Gary Woosey | Dec 12, 2023 | Blog, Finance, Hospitality, VAT
HM Revenue & Customs (HMRC) has recently issued letters to restaurant and takeaway businesses across the country, emphasising the importance of correctly applying VAT on hot food. This move comes amidst potential confusion amongst business owners regarding the...
by Gary Woosey | Dec 5, 2023 | Blog, Finance, SME
Accounting standards that impact businesses’ financial reporting are prone to the odd reshuffle every now and then, so it is important for business owners to stay informed. One such standard is International Accounting Standard 32 (IAS 32), which plays a key role in...
by Gary Woosey | Nov 21, 2023 | Blog, Finance, SME
The current economic climate is less than favourable for small and medium-sized enterprises (SMEs). Due to this, it is important for SMEs to continually seek innovative and efficient ways to fuel their growth and overcome financial challenges. One innovative solution...
by Gary Woosey | Nov 14, 2023 | Blog, Finance, Payroll, SME
The Department for Business and Trade has recently released feedback on two major consultations concerning payroll and holiday entitlements. Changes in holiday entitlement calculation The Government has opted against adopting a 52-week reference period for holiday...
by Gary Woosey | Oct 31, 2023 | Blog, Finance, Pension, SME, Tax
When it comes to tax planning, timing is everything. The end of the financial year might seem like the obvious period to get your accounts in order, but why risk a tax season rush? Halloween is near the mid-point of the tax year (which is on 5 October) and is an...
by Gary Woosey | Oct 24, 2023 | Blog, Bookkeeping, Finance, SME
The term “double-entry bookkeeping” is often mentioned as a cornerstone for managing a business’s finances. But what does it mean, and why is it so universally adopted? Below, we aim to demystify double-entry bookkeeping for small business owners and...
