The government’s tax credits for research and development expenses has been a catalyst for innovation and experimentation across the economy. By subsidising long-term investments in better processes, new technologies, and modified techniques, the government has offered businesses of all sizes an opportunity to carve out a sustainable competitive advantage. However, most businesses are still either
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Six financial changes to make in 2018
by Owen Gough • • 0 Comments
Start-up idea: a gym named Resolution that opens in January, collects the annual fee and then turns into a bar named Regret for the rest of the year. Don’t set yourself up to fail. Instead, Richard Stonier, partner at Tally Accounts, provider of cloud-based accountancy software, explains six realistic financial resolutions that you can stick
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Five ways to manage your business finances better this year
by Owen Gough • • 0 Comments
Being a clever, astute and successful business person isn’t just about having a great business mind, like spotting a gap in the market, seeing a commercially viable idea, or seeking out a profitable opportunity before others do. It’s also about good financial management – quite simply, managing your money well. Not doing so can end
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From recruitment to reconciliation – The impact of digitalisation
by Owen Gough • • 0 Comments
SME owners need to be ready for change. Not just small change, like the five pence pieces in your pocket. Big changes are coming, like the complete renovation of business finances and taxation. While some organisations are prepared for the change, many, like Midlands-based HR consultancy, Evergreen HR, found themselves confronted with a daunting task.
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The income tax return guide for small businesses and self-employed
by Owen Gough • • 0 Comments
January, the start of a new year and the month when many business owners and self-employed are pulling their hair out because the tax return submission deadline is suddenly looming at the end of the month. Whilst many people do it in good time, many don’t… in fact according to HMRC, 840,000 people failed to
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The essential guide to managing small business cash flow
by Ben Lobel • • 0 Comments
As anyone who has started their own company can attest, your cash position can be extremely tight as a small outfit. Whether you have significant financial backing or you are bootstrapping, you must make sure that your command of the company’s finances is second to none. If you don’t have an eagle eye on expenditure
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R&D tax credits: What qualifies for credit in your business
by Owen Gough • • 0 Comments
Research and development tax credits have been around for many years now, but in recent years there has been an important change that not all businesses are aware of. There is still a perception that to claim the relief you need to do something truly innovative. However, R&D tax credits are something HMRC are trying
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Boosting innovation in small businesses with R&D tax credits
by Ben Lobel • • 0 Comments
Innovation in small businesses is an expensive necessity. In order to be at the forefront of their industry and stay ahead of the competition, businesses need to constantly be developing and creating new technologies. However, creating these new technologies is an expensive and often risky affair. Small and medium-sized enterprises (SMEs) often lack the manpower
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Common financial mistakes to avoid when starting a business
by Owen Gough • • 0 Comments
Starting up a business is a monumental and scary step for anyone to take. Whether it’s identifying and refining the service or product that you’ll be providing to clients, compiling a comprehensive list of specific customer targets, or setting out your ambitious business strategy plans for the future, there are many months – and often
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Avoiding nasty financial surprises
by Owen Gough • • 0 Comments
Ever shown a profit only to find you haven’t got enough cash to pay the bills, or discovered that you haven’t put aside enough money to cover your tax return? You’re not alone. Being responsible for your business’s finances means you’re also open to a number of nasty shocks. Some of the most common, and
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