Will The New Chancellor Support Small Businesses?

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Will The New Chancellor Support Small Businesses?

After the resignation of Rishi Sunak, a new Chancellor is in post, but can small businesses expect him to listen to their demands of support? The first signs looked promising, when Nadhim Zahawi, the new Chancellor of the Exchequer, signalled his openness to revise planned increases in corporation tax. His commitment to cutting taxes was … Read more

Inside IR35 Expenses – Understanding What Your Business Can Claim

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Inside IR35 Expenses

Since coming into force on April 2021, IR35 has been a bane for contractors and employers alike. Designed to stop tax avoidance by employees that are designed as freelancers or contractors, this legislation had changed the way that contractors are hired and assessed for each role.  We’ve talked before about how to avoid IR35 – … Read more

7.1% Fewer Company Incorporations Compared To Last Year

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7.1% Fewer Company Incorporations Compared To Last Year

According to newly released figures by Companies House, in 2021 to 2022 there were 753,168 company incorporations, a decrease of 7.1% compared to the previous year. However, it is still the second-highest number of company incorporations on record, with the highest number occurring in 2020 to 2021. Year by year new company incorporations: Year New … Read more

The Impact Brexit Had On The UK So Far

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The Impact Brexit Had On The UK So Far

In the run-up to the Brexit referendum there was a lot of talk about the opportunities UK businesses would gain by the UK leaving the EU. The Big Brexit report by the think tank Resolution Foundation has analysed the impact on the UK so far. Six years ago, the UK decided to leave the EU. … Read more

When To Go From A Sole Trader To A Limited Company?

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When To Go From A Sole Trader To A Limited Company?

Businesses grow and evolve over time and changes are needed. Find out in this guide when to go from a sole trader to a limited company.

CBI Warns Of Recession Unless Government Acts Now

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CBI Warns Of Recession Unless Government Acts Now

After downgrading its GDP growth forecast from 5.1% to 3.7% in 2022, the Confederation of British Industry (CBI) is now warning the Government that unless it acts immediately, the UK risks sinking into a recession. The CBI wants the Government to focus on the economy and take decisive action now, before Parliament goes into summer … Read more

17% Increase In Footfall Thanks To Platinum Jubilee

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17% Increase In Footfall Thanks To Platinum Jubilee

Many small UK businesses have seen an increase in footfall as a result of the Platinum Jubilee celebrations, throwing them a lifeline during challenging times. According to the British Retail Consortium (BRC), during the Jubilee week, shops have seen an increase in footfall of more than 17% compared to May. This led to a boom … Read more

No Support For Small Businesses In The ‘Mini Budget’

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No Support For Small Businesses In The 'Mini Budget'

Last week, Rishi Sunak announced a cost of living package to support people with rising food and energy prices, but he has offered no support for small businesses. In recent weeks and months, small companies have called for an emergency budget to help with rising costs. But when the Chancellor announced his cost of living … Read more

What Is The Easiest Accounting Software For Small Businesses?

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What is the easiest accounting software for small business?

Accounting software is great for getting your books in order and making your annual returns a walk in the park compared to manually calculating and trying to track down all your receipts.  Now, we’re aware that accounting software can look and feel intimidating. And to be fair, there are some advanced programs out there for … Read more