Vale & West Chartered Accountants Blog

Category Archives:SME

The importance of cash flow for tourism businesses

With the busy Christmas period approaching, businesses operating in the hospitality and tourism sector will be dealing with increased demand.

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The significance of ‘One To Many’ letters from HMRC

Letters have been sent out to individuals listed as ‘Persons of Significant Control’ (PSC), urging them to check and, where necessary, correct their tax returns.

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Capital Gains Tax: What do you need to know?

Capital Gains Tax (CGT) is a tax applied on the profit you receive when disposing of an asset.

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Avoiding obstacles with the Construction Industry Scheme

Under the Construction Industry Scheme (CIS), contractors take money from a subcontractor’s payments and send it to HM Revenue and Customs (HMRC).

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Supporting staff through the cost-of-living crisis

Many UK employers are topping up pay packets of valued employees with a cost-of-living payment when they are unable to offer a pay rise.

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33,000 new loans available for small businesses

An £884 million loan scheme for new businesses is to be expanded, it has been revealed.

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How can SMEs handle the cost of living crisis?

The current cost of living crisis in the UK has already seen the economy decline, with customers saving money and consuming less.

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Hard pressed SMEs struggling with cashflow challenges

A huge majority of small businesses are ploughing more money into their business than they are taking out for a least one month of every year.

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Open banking allows accountants to deliver added value for clients

A new survey has found that more and more SMEs are turning to open banking to make their businesses more efficient, a move that offers accountants opportunities to deliver added value to clients.

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Small but mighty: the SMEs powering the UK economy

Small and medium-sized businesses (SMEs) contribute massively to the UK economy, accounting for more than £2 trillion in turnover, new research has revealed.

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