How to prepare for business succession

How to prepare for business succession

The pandemic and lockdowns would have had many businesses considering the future and what may happen if they become ill or incapacitated or what happens to their business after they retire or the unexpected happens. It could be that if you are in a partnership, you...
How to prepare for payroll year-end

How to prepare for payroll year-end

As the end of the financial year approaches, businesses across the UK are preparing to navigate the intricacies of payroll year-end. This annual process is vital for ensuring that your business is compliant with tax regulations and that employees receive accurate...
Digital fraud: What do you need to know?

Digital fraud: What do you need to know?

Digital fraud, also known as cyber fraud or online fraud, refers to any type of fraudulent activity that takes place in the digital space. This can include fraudulent transactions, identity theft, phishing scams and more. Digital fraud is a growing problem that...
Travel expenses: What do you need to know?

Travel expenses: What do you need to know?

Travel expenses are costs incurred by an employee whilst travelling on behalf of their company, which is away from their usual place of work. Employees can claim tax relief for the money spent on: Vehicle mileage Parking fees Food and drink Public transport costs...
Tips for preventing late payments as a small business

Tips for preventing late payments as a small business

Small businesses saw a sharp increase in the length of time clients took to pay their invoices last month, according to data from accounting software Xero. The amount of time businesses had to wait for payment in January rose by 0.6 days to 30.5 days. On average,...