by Gary Woosey | Nov 28, 2023 | Blog, SME, Tax
Between the 2020/21 and 2022/23 tax years, there was a 21 per cent rise in tax investigations into SMEs, highlighting the fact that HM Revenue & Customs (HMRC) has ramped up its interest in this area. With this in mind, compliance has never been more important....
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 | Nov 7, 2023 | Blog, Government, SME
The recent Royal Assent of the Procurement Act marks a significant milestone in the evolution of public procurement. The Act, which is due to be implemented in October 2024, ushers in a new era of procurement, one that promises to be simpler and more transparent,...
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...
