UK wages fall at fastest rate on record
It has been announced that UK wages have fallen at the fastest rate on record, prompting more concern over how households are going to manoeuvre the “cost of living crisis” which is set to impact is all. As rocketing inflation continues to spark hysteria and major concern, this is the news that no one wanted,…
What employee benefits will attract new hires to your business?
Today’s recruitment landscape is highly competitive, with potential candidates often in a position where they are being offered more than one job at once. And, if you’re struggling to attract candidates, there’s lots of employee benefits that you can offer in order to retain and reward your workforce. We’ve created a helpful guide outlining what…
What is Rishi Sunak’s cost-of-living-crisis plan?
With two million adults in the UK revealing that they cannot afford to eat due to the catastrophic cost of living crisis, households up and down the country are consistently faced with having to decide whether to eat or heat their homes. In fact, according to an article in the Independent, the number of people…
Should your business register for VAT before you need to?
Is it time for your business to register for VAT? In the UK, if your VAT taxable turnover exceeds the current threshold of £85,000, you are legally required to pay VAT. However, there are a number of small businesses with a turnover of less than the VAT registration threshold that opt on a voluntary basis…
What are the top 5 cryptocurrencies for beginners?
What are the top 5 cryptocurrencies for beginners | Read now Everyone wants cryptocurrency these days. And, in recent years, more people than ever before are investing in cryptocurrencies and enjoying a healthy return on investment as a result. But what is cryptocurrency and what are the best cryptocurrencies for beginners? What is cryptocurrency? A…
Spring statement 2022 – everything you need to know
Rishi Sunak, the Chancellor of the Exchequer since 2020, has recently delivered his highly anticipated mini budget as part of his Spring Statement 2022. But what did Sunak’s Spring statement look like? And what does it mean for us all? We’ve rounded up some of the key points highlighted and how Rishi Sunak’s changes on…
Xero accounting services – everything you need to know
Xero Online Accounting | 3 minute read Today, the vast majority of businesses manage their accounts using sophisticated online accounting software in order to make managing their finances a whole lot easier. Helping businesses of all shapes and sizes to streamline their processes, access real-time insights, and reduce costs, there’s a whole host of benefits…
Guide to cryptocurrency capital gains
Guide to cryptocurrency capital gains | 3 minute read Also known as crypto-currency or crypto, cryptocurrency is any form of currency that exists digitally or virtually and uses cryptography to makes it nearly impossible to counterfeit or double-spend. And, people use cryptocurrency for a vast range of different reasons including quick payments, anonymity, and avoiding…
What is reconciliation in accounting?
It’s important that businesses of all shapes and sizes keep a tight hold on their finances. This includes ensuring that all accounts are recorded accurately and on time. After all, it’s crucial that all businesses always know where they stand financially and of course, meet all tax obligations. Reconciliation is an accounting process which many…
How to sell a limited company
People decide to sell their limited company for a whole host of different reasons. However, the vast majority of business owners will choose to sell their limited company for the following reasons: Retirement Profit driven Simply not wanting to run the business anymore. You can either sell your shares to a third party buyer,…
What is a Companies House Confirmation statement?
The Companies House Confirmation statement is a document that all limited companies and LLPs must file at Companies House each year. This confirmation statement, which has an annual filing fee, is designed to give Companies House a yearly snapshot of the management and ownership of your business and it’s vital that this information is kept…
Everything you need to know about paying tax on dividends in 2022/23
Paying tax on dividends in 2022/23 | 4 minute read If you are both a director and a shareholder of a Limited company, one of the most tax-efficient way of earning an income is to pay yourself through a combination of salary and dividends. However, if you do not understand dividend payments or how much…
