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Productivity Vs Burnout

How do you strike a balance between driving productivity and avoiding burnout? In today’s demanding business environment, it is crucial for businesses to recognise the importance of establishing equilibrium between productivity and mitigating the risks of burnout. While productivity fuels organisational growth and success, excessive workloads and unyielding deadlines can result in exhaustion and diminished […]

Read more July 20th, 2023

Retirement Planning – Are You On Track?

The closer you are to retirement, the more important your retirement planning becomes. The last five years of work may be some of the most critical of all. If your plans are in place and your pension pot has grown to a level that can provide the income you need in your retirement, you may be […]

Read more July 19th, 2023

Get Paid Guide For Music Creators

This new guide equips music creators with step-by-step guidance on what music data is, why it matters, and what to do with it. The Intellectual Property Office (IPO) has recently partnered with the Performing Right Society for Music (PRS), The Ivors Academy and The Music Publishers Association to develop and launch a new website that […]

Read more July 18th, 2023

Government Funding For Free Childcare

Nurseries are set to receive £204 million as part of the Government’s promise to deliver the largest ever investment in childcare. The plans, which were announced in the Spring Budget, are designed to remove barriers to support parents to return to work and help to grow the economy by making childcare more accessible. Every area […]

Read more July 17th, 2023

Keeping Pace With Inflation

Strategies to manage the challenges of the current inflationary business environment. Inflation has resulted in businesses grappling with escalating production costs, dwindling purchasing power, and the urgent need for pricing strategy recalibration. Here are some strategies to help firms deal with inflation: 1. Monitoring and projections Businesses should closely track key economic indicators and the […]

Read more July 14th, 2023

The Art Of Persuasion

Building a successful business means persuading people to exhibit the right behaviours. The ability to sway opinions, convince stakeholders, and drive desired outcomes is a skill that sets exceptional business leaders apart from the rest. A cornerstone of effective persuasion lies in understanding the target audience. Do your research and try to empathise with the […]

Read more July 12th, 2023

HMRC Challenging A Marketed School Fees Plan

HMRC frequently warn taxpayers that when a tax avoidance scheme looks “too good to be true”, it probably is. They publish “Spotlights” on their website to alert taxpayers of schemes being marketed by promoters that are under scrutiny, and, in their opinion, do not work. Tax avoidance schemes need to be notified to HMRC under […]

Read more July 6th, 2023

Can We Still Be Paid For Working From Home?

During the COVID pandemic the Government relaxed the conditions to enable those working from home to be paid £6 a week tax free by their employer, or, where that was not paid by the employer, they could claim relief for £6 a week against their employment income for a tax refund from HMRC. Those relaxed […]

Read more July 6th, 2023

Super Deduction Replaced By “Full Expensing”

In the Spring Budget the Chancellor announced that “full expensing” – 100% relief for new, eligible plant and machinery – would replace the 130% super-deduction from 1 April 2023 for limited companies. This is in addition to the £1 million annual investment allowance (AIA) and will be available for expenditure incurred up to 31 March […]

Read more July 5th, 2023

Should Small Businesses Still Use The Flat Rate Scheme?

The VAT Flat Rate scheme was introduced in 2002 to simplify VAT reporting for small traders, reducing the time taken to calculate VAT and prepare returns compared to normal VAT accounting. The thresholds for using (£150,000 pa) and exiting the scheme (£230,000 pa) have not changed since 2003. With the extension of Making Tax Digital […]

Read more July 4th, 2023

Deadline For Topping Up NI Contributions Extended

With all of the changes to personal pensions in the Spring Budget, maximising the State Pension entitlement should not be overlooked. The full rate of new State Pension increased to £203.85 per week (£10,600 pa) from 6 April 2023; a 10.1% increase over the 2022/23 rate due to the “triple lock” being restored. At least […]

Read more July 3rd, 2023

Good Cash Flow Management Is Essential For Business Success

With the present economic uncertainty, managing your business’s cash and understanding the flow are now vital tools in maintaining resilience and being able to adopt flexible strategies for success. Cash flows reflect all the cash that is flowing in and out of a business. Owners can look at the direction of the cash flows for […]

Read more June 14th, 2023

Advisory Fuel Rate And Update For Company Cars June 2023

The table below sets out the HMRC advisory fuel rates from 1 June 2023. These are the suggested reimbursement rates for employees’ private mileage using their company car. Where the employer does not pay for any fuel for the company car these are the amounts that can be reimbursed in respect of business journeys without […]

Read more June 12th, 2023

HMRC Official Rate Of Interest Only 2.25%

HMRC have announced that the official rate of interest will increase from 2% to 2.25% on 6 April 2023. The official rate of interest is used to calculate the income tax charge on the benefit of employment related loans and the taxable benefit of some employment related living accommodation. These rates used to fluctuate in […]

Read more June 9th, 2023

Is Your Website Accessible?

How accessible and inclusive is your company website? In our highly digitalised business world, creating a website that is accessible and inclusive is no longer just an optional add-on, but rather a crucial element for success. Not only does it ensure that all users can access and navigate your content, but it also sends a […]

Read more June 7th, 2023