With the ever changing situation, regarding coronavirus, HMRC have been updating their online guidance documents regularly. We wanted to bring your attention to a recent update to do with furloughed staff and Christmas. The main HMRC document we are going to discuss is this one: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme The change regards the […]
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Tax for small businesses can be a minefield. With so much to keep up with when you start out, it can be difficult to know if you are paying the right tax, particularly if you have grown quickly. This can be costly to your business as you will be charged […]
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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 […]
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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 […]
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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 […]
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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 […]
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In our last post, we gave you business tips to make the most of summer for your business, and today, we will advise you on the accounting side of things. You may be going on a family holiday, or business may be slow during the summer months, but it’s no […]
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For some small companies, business is booming during the summer. For others, this sunny season often is synonymous with decreased productivity. However, as we explained in our last post, there are many ways to maintain and even increase employee productivity during the summer, and the same goes for your businesses’ […]
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In many businesses, the summer months are often more relaxed, and the work pace can often slow down. In large corporations, this is not likely to become a problem, as there are many employees who can pick up the workload of colleagues going on holiday. For small businesses, however, maintaining employee […]
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As a small business owner it is vital that you understand holiday pay entitlement. A Glasgow accountant from The Kelvin Partnership will guide you and your team through all aspects of understanding holiday pay. As we mentioned in our last post, we are passionate about helping businesses grow and thrive […]
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