Your Accountant in Glasgow
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 […]
In our last blog we talked about business infrastructure. Now, say for example you have the perfect amount of infrastructure – from printers to people. Once you have the ideal team, the next questions are obvious: How do I lead them? What is the most effective management style for a modern workplace? Only someone with […]
In our previous blog posts, we addressed tips to prepare your business for the summer. Now that summer is quite suddenly coming to an end, it’s around the time of year where businesses start to ask the bigger questions – for example, “Does my business have the right infrastructure in place?”. To answer this question, […]
