Category Archive: SMEs

How you can protect your finances against inflation

Even though inflation has dropped a lot from its peak in October 2022 of 11.1 per cent, the highest rate in 40 years, it doesn’t mean prices are going down—they’re just rising more slowly.

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Managing staff costs: Statutory payments and compliance

Staff costs represent a substantial portion of your expenditure as a business owner, so it’s important that you understand what payments you have to make and how to plan for them.

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What should you avoid when transitioning to Making Tax Digital for Income Tax Self-Assessment?

From April 2026, the Government’s Making Tax Digital (MTD) initiative will move to target self-employed individuals and landlords.

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Ten top tips for boosting your budget

Effectively managing your budget is crucial for business success, especially in challenging economic times.

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Starting a seasonal business? Here is what you need to know

Are you considering launching a seasonal business? If so, you are beginning an exciting journey that comes with its own set of unique challenges and opportunities.

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How SMEs can benefit from £6.4 million AI training fund

The Department for Science, Innovation and Technology (DSIT) has recently introduced a vital initiative targeted at small and medium-sized enterprises (SMEs) in the Professional Business Services sector.

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Concerned about Capital Gains Tax changes? Here’s what you need to know.

The start of the 2024/25 financial year saw the Capital Gains Tax (CGT) Annual Exempt Amount fall to a historic low of £3,000, down from £6,000 the previous year.

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Changing your VAT details? Remain vigilant over latest fraud activity

HM Revenue & Customs (HMRC) has issued a warning to businesses over fraudulent attempts to access VAT repayments via postal form VAT484.

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Is it time to scale up your start-up?

Scaling your start-up is a crucial decision for business owners, as it can directly impact the business’s long-term success.

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The most common VAT filing mistakes – and why MTD is the solution!

If your business has a turnover of £90,000 or more and sells products or services subject to VAT, then you must register to pay it and file a return to HM Revenue & Customs (HMRC) – at least once every three months.

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