Time
Today is 27. 7. 2024
We now know that the Labour Party will form the next government. But whilst all the parties mentioned small businesses in their manifestos, it was hardly a priority compared to the NHS, housing, immigration and crime. So now the dust is starting to settle, we can all start to look more closely at what Labour’s win means for the small business and sole trader community.
The UK General Election is set for 4 July 2024. Amidst the usual hype that accompanies the lead up to such an event, it is a good time to look at what small business owners are likely to get from the next government. From HR changes to modifications to tax regimes and AI regulation, there is a lot for the small business to take in as we head towards the General Election and a potential new government.
It is a little known fact that limited company directors can take out life insurance via their business rather than paying for it personally. Doing so can present a number of benefits. Here we are looking at the subject of directors’ life insurance, how it works, and the advantages it can offer.
The Employment Relations (Flexible Working) Act 2023 became law on 6 April 2024, bringing changes to the rights of employees in terms of asking for flexible working. The new rules have been put in place to make it easier for employees to access flexible working, including making it a right from day one of their employment.
With a general election potentially on the cards for this year, the 2024 Spring Budget is one of the last chances for the Chancellor to set out his plans for the economy. Join us as we examine what the recent Spring Budget means specifically for small businesses.
Apprenticeships play a crucial role in bridging the skills gap and fostering the growth of industries. However, according to HMRC, there is a concerning statistic showing that one in four National Minimum Wage underpayments involves apprentices.
For many, the allure of gaining an extra income by selling unwanted clothes and furniture on eBay and Vinted, crafting handmade items on Etsy or renting out a room on Airbnb is undeniable. But a new set of rules introduced by HMRC is set to target those people who make a side hustle through such platforms.
In a bid to woo voters in the General Election next year, Chancellor Jeremy Hunt made several announcements in his recent Autumn Statement, relating to tax and spending that will help British businesses and grow the economy. Here we look at the main factors that will affect small businesses in the UK.
Just as individuals need to maintain good personal financial health, businesses must also regularly assess their financial well-being. A business’s financial health can mean the difference between prosperity and crisis, and identifying red flags early on is crucial when it comes to preventing minor issues turning into major problems. In this blog, we will explore … Financial Health Check: Identifying Red Flags in UK Business Finances
In this post, we explore the basic concepts of cash accounting and accrual accounting, highlight the key features of each method, discuss their suitability and help you to determine which accounting methods might be the best fit for you.
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