Employing staff is a big step for any new business. An extra set of hands can boost your businesses’ productivity and can even help you offer additional services to your clients or customers. But employing staff for the first time brings forward financial, tax and legal obligations for employers.
Starting a new company can be complicated, and legal challenges are one of the top reasons small businesses fail. Here are eight legal mistakes commonly made when starting a new company and tips to help you avoid them.
With panic over coronavirus spreading, many workers are being ordered to stay away from the office and work from home. But is the reality that a huge number of UK workers are already doing so? Here we looking into remote working in Britain.
The Accounts & Legal team recently attended Xerocon 2019 in London, the world's most innovative conference for cloud accounting leaders, with over 3,000 other attendees. During the event, a raft of new products were announced that will help our small business clients...
There has been widespread growth among accountants in London and across the UK, especially in the past year. From the “big four” accountants to the new, innovative firms, the sector is seeing accelerated growth, which is possibly due to new regulations and economic uncertainty. Let's take a closer look.
Who are your debtors and who are your creditors? Though these terms are seemingly straightforward they can often be confused. It is important to understand that the debtor and creditor process can work in different ways, especially for small businesses. This article explains it all.
Here, our team of expert tax accountants explain everything you need to know about VAT on business entertainment. We’ll include a breakdown of the tax treatment of entertaining clients and employees, the rules governing staff parties and taking potential clients out for lunch, and discuss if it’s better to pay for these things through the company or out of your own pocket.
Over the next 10 years, the number of people with a side hustle is expected to rise significantly. Henley forecasts 50% of the UK population will have a side hustle by 2030. And a survey by Hiscox revealed the average person with side hustle works an extra 6 to 15 hours per week, while 1 in 5 work an additional 16 to 20 hours.
Filing statutory accounts is a legal requirement, but it can be an extremely daunting task. Here, we’ll share our tips to help you file your statutory accounts on time, as well as providing a handy a statutory accounts preparation checklist.