The national minimum wage, and the living wage, have been important components of ensuring that staff receive reasonable compensation for the work that they do. The national minimum wage first came into force in April 1999 with the National Minimum Wage Act of 1998. The national living wage was introduced in 2016, in response to…
VAT or Value Added Tax. An often mind-boggling area of tax for most organisations whether you are self-employed, run a business, or manage a charity. In this month’s article we break it down and simplify it with the headlines that every business owner and manager needs to know. Who does VAT apply to? VAT applies…
Have you been toying with the idea of going it alone? Leaving your job and becoming your own boss? It is not as wild an idea as you may think. An increasing number of professionals are going down this route and it is easier than ever to do it, whichever way you choose to operate.…
April is the time of change. Spring is finally in the air and the new financial year kicks in. We thought it would also be a good time to do a quick recap of what you can expect for the forthcoming financial year – are you likely to be better or worse off? There are…
It is that time again when the old financial year is nearly at an end and the new one is about to begin. This is also the time when a number of other government changes are implemented, and one of these is the annual change to the Minimum and Living Wages. We take the opportunity…
It’s that time of year when you have just completed and filed your tax return and paid up on what you owe. Unfortunately, that means that it is also the time when there is an increase in phishing scams via email and social media, some of which can look genuine. We have had a few…
The Autumn Budget was the Chancellor’s opportunity to set out the Government’s view of the state of the economy and to set the targets and goals for the near- and medium-term future. Presented at the end of November last year, many of the changes come into effect from April this year – although some were…
Your business has been going from strength to strength and it’s time to hire staff to help take on some of the work to help you meet your clients’ needs and fulfil the orders you have coming in. It’s an exciting time as it means that you are ready to grow the business. It can…
Bookkeeping probably sounds like something out of another business era. It conjures up images of a business owner or accountant in a back room somewhere trying to organise their receipts and invoices, surrounded by mountains of paperwork and pulling their hair out.
Setting up your own business was a huge step and you are rightly very proud of having taken the leap to do it! The next steps are to focus on building up that business, getting new clients, and delivering on your promises to them. Hard work, no doubt, but fairly straightforward in theory. More and…