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…
Value Added Tax (VAT) is a general tax that applies to commercial businesses that produce and distribute goods and services, so long as their annual turnover is above the threshold. If they are below the threshold, they do not have to charge VAT on their goods. In this blog, we explore the details of the…
When running or managing a business, you may discover that you are in a position to provide specific benefits or cover expenses for your employees. However, it is important that you keep in mind that these gratuities will be subject to tax. You will need to keep track of what you provide and inform HMRC…
When responsibly undertaken, a business loan is a great way to raise capital for your business quickly to ensure that you can cover expansion or periods of uncertainty. As with all loans, you must be prepared to pay it back with interest as instructed by your lender. There are several steps you can take to…
During a recession, you’ll want to make sure your business is secure and organised enough weather the crisis. We’ve prepared a guide for actions you can take during and in preparation for periods of economic downtime to protect your business from a dreaded slump. With diligence, forethought, and professional advice, you can steer your business…
In times of economic downturn, businesses across the country face challenges as spending habits decline and competition increases. When it comes to social media marketing, businesses are able to boost their online presence in a time where it may be most necessary. The world of online marketing can be a powerful place which, if utilised…
In the world of business, facing customer complaints is an inevitable reality. No matter how hard you try to provide an unbeatable service, it is near impossible to keep everybody happy all of the time. It won’t be uncommon for those negative reviews to strike an element of irritation, but the way in which you…