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Your Accountant in Glasgow
By the end of 2019, there were more than 5 million people in the UK who were registered as self-employed. Despite so many people working this way, becoming self-employed can be quite daunting if you have never done it before as there are so many things to consider. What type of trader are you? How […]
Following the range of updates over the last several weeks, we have now rounded up the latest information from the government on specific schemes where additional detail was released. This update covers measures discussed on 4 May. Bounce Back Loan Scheme (BBLS) The scheme opened for business at 9.00 am on 4 May. Since last […]
Having a clear budget plan laid out for your business is essential for planning ahead. It helps you to see how you’re performing and allows for risk aversion. Business budget planning will help you to look at all your income and expenditure. This allows you to tweak things to avoid potential cash flow issues, particularly […]
When is the right time to hire an accountant? Is it necessary for our business at this stage? There are various ways in which accountancy advice can benefit your small business, whether it’s financial planning advice, applying for credit and funding, tax queries or hiring your first employee. Accountants can make things easier for you […]
On Thursday 26 March, Chancellor Rishi Sunak made his long-awaited statement about the Covid-19 government support scheme for the self-employed, called the Self-employment Income Support Scheme (SEISS). Reports suggest that the announcement had been slow to arrive because of the greater difficulty in structuring and running a scheme that relied on annual information (via tax […]
The 11 March Budget from the new Chancellor, Rishi Sunak, included £7 billion of expenditure targeting the impact of Covid-19 on employees, the self-employed and businesses. On 17 March a further raft of measures was announced, amounting to an additional £20 billion of support expenditure plus £330 billion of loan guarantees. By 20 March another […]
Last week’s Budget from the new Chancellor, Rishi Sunak, included £7 billion of expenditure targeting the impact of Covid-19 on employees, the self-employed and businesses. Six days later a further raft of measures was announced, amounting to an additional £20 billion of support expenditure plus £330 billion of loan guarantees. The Chancellor’s 17 March statement […]
As part of our comprehensive tax planning services, we advise you on capital gains tax, and the following updates above will be of interest to you if you own properties: Capital gains tax may occur on gains you make when selling a property, unless that property qualifies as your PPR for the entire duration of ownership, in which […]
Many small business owners are used to making calculated risks and bold decisions. While risks are an important part of being an entrepreneur, it doesn’t mean you should be willing to be careless and take any risks. As accountants for small business owners, we often come across some common financial mistakes business owners make. To […]
When coming up with techniques for financial planning for their business, most business owners expect and plan for business growth, rather than planning for their businesses failing. This optimistic outlook is a great asset to have for a business owner, however, planning for growth without creating a financial contingency plan is not realistic. When planning […]
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