The six pillars of wellbeing are the most commonly referenced factors in ensuring employees are valued and retained. With work being such a common cause of stress and financial pressures mounting for many, it is vital that you know how to properly support your team with their needs. Job Security Recent years have seen even…
The core difference between a company director and company secretary is that a company director is always a legal requirement whereas a company secretary is only required for public limited companies and is optional for private ones. Their responsibilities also differ significantly. A director takes on more responsibility and accountability for the proper running of…
As a small business, VAT could be something that frequently causes you hassle, giving you additional administrative tasks. VAT (Value Added Tax) is consumption tax – this is an amount of money added onto the cost of most goods and services. Businesses pay a certain amount of VAT to HM Revenue & Customs, the amount…
It is no secret that the regulations surrounding corporation tax in the UK are some of the most complex you could come across. Navigating these rules and regulations can be complicated for many business owners. In this blog, we provide an insight into the eight ways that business owners across the UK can reduce their…
With the clock ticking, we are here to remind you that the deadline for filing your personal tax return is fast approaching. The closing date for acceptance is Wednesday 31st January 2024, and failure to miss this deadline will result in a penalty and additional interest added. This time of year can bring a rush…
High living costs can make it challenging for businesses to attract and retain talent. Employees may seek higher salaries to cover their living expenses, and businesses may struggle to compete with companies in lower-cost areas. As a result, businesses might face difficulties in recruiting skilled professionals or retaining existing employees. Common challenges businesses experience with…
High inflation resulting from shocks to the economy will hit those with a significant portion of their income allocated to basic living expenses the most. As a result, they will need to significantly reduce discretionary spending on non-essential goods and services. If you are a business that relies on consumer spending, you will undoubtedly experience…
When running a business, there are countless things to consider. From bookkeeping and taxes, through to your maintaining and even increasing your clientele. Online presence is something of great value, but many business owners are unsure of exactly how to navigate the online world. In this blog, we highlight our top four tips for boosting…
Success in business can be hard to quantify. Common definitions include turning a profit, creating return for stakeholders, providing a quality service, and growing sustainably. Achieving these at your start-up business is certainly a challenge, but not impossible. With a clear plan, understanding of your market, and the right resources you can guide your new…
Sustainable growth is a critical part of a healthy business. As a business owner you will always view growth as an indicator that everything is working as it should and that your hard work is paying off. However, be wary if it seems like you’re in a bubble that may burst or are relying on…