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Tag Archive for Accounts & tax
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Working with foreign currencies in your accounts
by Emily Coltman • • 0 Comments
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How to stop late payment
by Abby Hardoon • • 0 Comments
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Is data blindness the cause of cash flow woes?
by Ben Lobel • • 0 Comments
Research shows that while businesses are surrounded by data that could inform and guide their strategy and decision-making, they do not have the systems in place to maximise it. Instead, the majority of firms use outdated tools and models which are simply not up to the task of crunching vast data sets. This data blindness
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The complex VAT mistakes your business could be making
by Ben Lobel • • 0 Comments
The complex nature of VAT can very often feel like entering into a minefield for businesses across a variety of industries. Even something seemingly stress-free like registering your company for VAT can be shrouded in mystery, as many firms do not realise they only are required to register for VAT once their turnover on a
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The business case for improving the purchasing process
by Ben Lobel • • 0 Comments
Many businesses rely on controls over expenditure at the point of receipt of a supplier invoice, making it difficult to produce timely and reliable management accounts. This results in a lack of visibility of commitments that have been previously made, leading to surprises. When supplier invoices arrive, spending may have been higher than expected. Moving
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Ways to cope with corporation tax
by Abby Hardoon • • 0 Comments
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Five tax breaks commonly overlooked by small business owners
by Abby Hardoon • • 0 Comments
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SMEs face crackdown on R&D relief claims
by Owen Gough • • 0 Comments
R&D (research and development) tax relief has proven to be a strong incentive in helping UK businesses become more innovative and strive to become world-class. The scheme, which enables companies investing in product or service improvements to apply for significant tax breaks, appears to be delivering value for money too. A 2015 evaluation by HMRC
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New payment reporting requirements highlight UK’s late payment culture
by Ben Lobel • • 0 Comments
Small and medium-sized businesses are an integral part of the UK economy, making up 47 per cent of all private sector turnover, but poor accounts payable practices by bigger businesses and the increase of late payments are putting this essential ecosystem at risk. The UK economy would be boosted by as much as £2.5 billion
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