Spring Budget 2024: What It Means For Small Businesses

Spring Budget 2024: What It Means For Small Businesses

7 March 2024 – The spring budget 2024 promises an economy on the rise, recovery from inflation, tax cuts, and other policies to drive SME growth.  Yesterday, the Chancellor delivered his Spring Budget speech to the House of Commons. In over an hour, he painted a picture of an economy that’s on track to grow, … Read more

The Benefits of Having Management Accounts Prepared for a Small Business

Benefits of having management accounts

Management accounts are a secret weapon for small businesses – yet they are only used by a tiny fraction of businesses in the UK. Find out the benefits of having management accounts for your small business. By helping you track, record and report all finances in a personalised way, management accounts are a great way to … Read more

Will 2023 Be The Year Of Redundancies?

Will 2023 Be The Year Of Redundancies?

25 April 2023 – Redundancies have made the news a lot this year already with many big companies laying off staff to mitigate higher costs, including Amazon, Meta, Twitter, Tesco and Wilko. Due to Brexit and the pandemic, 2022 has seen a labour shortage, which made finding the right staff difficult for small businesses. Recruitment … Read more

Changes In The Tax Year 2023/24 For Small Businesses

Changes In Tax Year 2023/24 For Small Businesses

4 April 2023 – The tax year 2023/24 has started, which means several changes will come into effect. Many of these will affect small businesses. With every new tax year, changes come into effect. After a very challenging year, many small businesses are bracing for more headwinds, as some changes will put more pressure on … Read more

Consumer Demand Continues To Weaken

Consumer Demand Continues To Weaken

24 January 2023 – Despite inflationary pressures improving, new data shows that consumer demand has decreased again in December. According to Lloyds Bank‘s UK Sector Tracker for December 2022, consumer demand, which is measured by the number of new orders, continued to decrease in the last month of 2022. However, it’s the slowest contraction since … Read more

Reduced Energy Bill Support Puts Many Small Businesses At Risk

Reduced Energy Bill Support Puts Many Small Businesses At Risk

17 January 2023 – Last week the Chancellor announced details of the new Energy Bill Discount Scheme for Businesses, which will start on 1 April 2023. It will replace the current relief scheme, but many small businesses think that the reduced energy bill support will not be enough. After months of uncertainty, Jeremy Hunt has … Read more

Autumn Budget 2022: Pain Or Gain For Small Businesses?

Autumn Budget 2022: Pain Or Gain For Small Businesses?

22 November 2022 – Last Thursday, the Chancellor, Jeremy Hunt, delivered the long-awaited autumn budget. Many measures included will have an impact on small businesses, some are good news, but many are bad news. When Jeremy Hunt took to the dispatch box on 17 November to deliver his autumn budget, the country held its breath. … Read more

Business Running Costs Outstrip Income For Small Businesses

Business Running Costs Outstrip Income For Small Businesses

According to research by digital bank Cashplus Bank, 9 out of 10 small businesses in the UK have seen their business running costs rise above their income in the past six months. Cashplus Bank analysed data from 150,000 small businesses, which showed that an overwhelming majority, nine out of ten, have seen their business running … Read more

New Chancellor Scraps PM’s Economic Plans

New Chancellor Scraps PM's Economic Plans

When Kwasi Kwarteng and Liz Truss set out their growth plan last month, it was all about growing the economy and cutting taxes. Now Mr Kwarteng has lost his job and the new Chancellor, Jeremy Hunt, is pulling apart the PM’s economic plans. On Friday, Liz Truss announced that she had fired her Chancellor Kwasi … Read more