How the interest rate increase affects your business
Despite predictions that the rate of inflation would slow down, figures had only fallen to 8.7 per cent in the 12 months to May 2023, according to data from the…
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Tax gap wider than anticipated: SMEs should remain aware of tax obligations
HM Revenue & Customs (HMRC) have stated that despite predictions, the tax gap has widened, mainly due to small and medium-sized enterprises (SMEs). The tax gap is the difference between…
Declaring tax – The dangers of the hidden economy
Recent research has revealed an increase in the number of individuals earning income through additional streams, commonly referred to as the ‘hidden economy’. This surge in additional forms of income,…
Management accounts – Here to help during periods of economic uncertainty
Even the most successful businesses can face bumps in the road when the stability of the wider economic climate is weakened. During these uncertain periods, businesses should have a clear…
Business exit strategies: Are you planning ahead?
New studies from a money management company called Evelyn Partners show that most people who own businesses making more than £5 million a year are getting ready to leave. About…
SMEs look to alternative methods of funding as banks reduce support
For a while now, small and medium-sized businesses (SMEs) have had a hard time getting money from banks. Because of this, many have had to go to other lenders and…