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Small Business Advice
08 Mar 2021
The Spring Budget recognised that the impact of COVID on small business is not yet over. Various support schemes and loans for businesses and the self-employed continue, but, at the same time, the Chancellor has begun to claw back some of the costs of that support with an announcement of future tax rises.
Small Business Advice
28 Dec 2020
In what will signal a blow for many struggling businesses, HMRC has said it will not be waiving late filing penalties or extending the set January 31st deadline. However, there's slightly better news if you've been affected by the pandemic. HMRC has also said it will consider cases where COVID-19-related problems cause delays. Businesses will also get more time to appeal against penalty decisions.
Small Business Advice
26 Oct 2020
On 22nd October 2020, the Chancellor announced a series of changes to the Job Support Scheme, intended to replace the furlough scheme as part of the Government’s Winter Economy Plan.
Small Business Advice
Small Business Advice
21 Aug 2020
It’s often said that the value of your business is what someone is willing to pay for it, but there are several approaches you can deploy to reach an accurate figure. Here's how to value your small business accurately.
Small Business Advice
29 May 2020
The Covid-19 crisis has taken an extraordinary toll on the UK, with essential workers in many sectors having been severely tested. Here's some advice for business owners on paying wages and sick play for employees during Covid-19.
Small Business Advice
22 Apr 2020
Small businesses and companies in certain sectors are feeling the pressure from social distancing and lockdown measures put in place by the government. In order to survive, businesses will need to learn to adapt - here we look at some fantastic examples of companies adapting, surviving and even thriving during these troubling times.
Small Business Advice
Small Business Advice
19 Jan 2020
Here are the small business tax, finance and legal changes you can expect to see as a small business owner this year.
Small Business Advice
04 Dec 2019
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.
Small Business Advice
08 Nov 2019
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.
Small Business Advice
04 Jun 2019
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.
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Small Business Advice
05 Sep 2017
With 57% of British SMEs admitting they don’t offer training and development for their staff, we consider a range of no cost or low cost management training courses.
Small Business Advice
03 Aug 2017
Corporate finance isn’t just for big business. If your business is built on solid foundations, you present yourself in the right way with solid financial forecasts and a robust business plan then there will, more than likely, be someone out there who will finance your business.
Small Business Advice
05 Apr 2017
Understanding how your business performs is essential if an entrepreneur is to really take control of their business. We take a look at how we work with our clients to support them in achieving quality reporting and performance analysis even in small business.
Small Business Advice
13 Dec 2016
It is the season to be jolly, in this article we explore VAT and Christmas markets. Who has to charge VAT and how much? If your thinking about trading at a Christmas market this year read on to find out what you need to know.
Small Business Advice
07 Oct 2016
Accounts and Legal see business from every market and sector. We have recently seen a rise in the number of Amazon drop shippers we decided to investigate what they are and why more people are doing it.
Small Business Advice
31 Aug 2016
It's time for a new Client of the Month! Get your math book out and pencils sharpened for this one, it's time to meet our featured client for September: Alphablocks Nursery School.
Small Business Advice
18 Jul 2016
Britain is in the grip of an entrepreneurial revolution, and technology is playing an increasingly important role in driving this culture of entrepreneurship.
Small Business Advice
14 Jul 2016
Data from StartUp Britain reveals that the UK is on track to incorporate a record number of new startups this year.
Small Business Advice
29 Jun 2016
While it’s important to point out that nothing is certain at this stage, we take a look at how small business taxes might change as Britain negotiates its exit from the European Union.
Small Business Advice
17 Jun 2016
Accounts and Legal are not like your usual accountants, we can also help you raise finance for your business, help you with business growth, market research and digital marketing. In this article we introduce to your our recently appointed business consultant Louis Lines, and how the team can help your business.
Small Business Advice
26 May 2016
London may seem pricey and overcrowded to set up your own enterprise, but there are still plenty of opportunities for small businesses.
Small Business Advice
05 May 2016
Hiring new staff is and should be an exciting moment for any company. Just make sure you are paying them the correct salary. New rules have been enforced this year that you need to take into consideration.
Small Business Advice
22 Mar 2016
Increasing numbers of people are going solo when setting up a small business, turning us into a nation of solopreneurs.
Small Business Advice
25 Feb 2016
With the EU referendum looming, EU immigration is a hot topic amongst the electorate. But what’s best for middle England is not necessarily best for London’s business community.
Small Business Advice
24 Feb 2016
As a global talent shortage looms, we offer four ways small business owners can compete with corporate headhunters and retain their very best talent.
Small Business Advice
16 Feb 2016
This collection of free tools could be just the ticket to help transform you into a truly fantastic freelancer.
Small Business Advice
22 Jan 2016
It was revealed after the Spending Review that the Business Growth Service, which includes the GrowthAccelerator programme and the Manufacturing Advisory Service, would be wound down. The question is: why?
Small Business Advice
17 Dec 2015
Small business founders and sole traders looking to grow a successful business have access to far fewer government grants than entrepreneurs launching a new business, research has revealed.
Small Business Advice
02 Dec 2015
A bank loan or overdraft may be the traditional route to finance for a small business. But banks can be unpredictable and reduce your overdraft at short notice or impose steep interest charges or penalties for missed payments. There is another option to help release cash flow and working capital with invoice factoring.
Small Business Advice
07 Sep 2015
We quite often get asked to weigh up the merits of a new start up idea. We’ve put together four key tests that help determine whether or not a new venture will succeed.
Small Business Advice
09 Jul 2015
This is the first Tory budget in almost two decades. Their majority win was in no small part down to convincing the UK they were the small business party. But yesterday’s budget was not good news for small business owners.
Small Business Advice
01 Jul 2015
Accountants aren’t just bean counters. Their experience and expertise can be useful at any point in the life of your business. So what can they do to help your business grow?
Small Business Advice
Small Business Advice
30 Apr 2015
Small businesses need to scrutinise every cost, but cheapest isn’t always best. Never has this been truer than when hiring an accountant. Cheap small business accountants may represent true value for money, or they could cost you more in the long-run.
Small Business Advice
21 Apr 2015
Accountants will always tell you hiring an accountant will save you money. But small businesses have to watch every penny; you need to know you’re getting the best service possible, and when you’re starting out, it can be hard to know what to look for. What makes good small business accountants?
Small Business Advice
03 Nov 2014
Entrepreneurs are risk takers, and sometimes things don’t work out as planned. When thinking about shutting down a company, there are three main routes available.
Small Business Advice
29 Apr 2014
Take 10 minutes out of your schedule make a cup of tea and read these tips carefully. Consider what changes you could implement to make you and your business more successful and sustainable.
Small Business Advice
11 Mar 2014
At Accounts and Legal we get asked a lot of questions about accounting costs so we have compiled a list of the most common ones and answered them for you; from finding the cheapest accountant in London to cheap tax advice for small businesses we have got it covered.
Small Business Advice
28 Nov 2013
Choosing a company structure is one of the first decisions facing small business owners when starting up. There four choices available: Sole Trader, Partnership, Private limited company (Ltd) and Limited Liability Partnership (LLP), here we discuss some of the pros and cons.
Small Business Advice
15 Mar 2021
As business owners, bookkeeping and accounting can often be the part of the role we dread the most – and terms like trade debtors and trade receivables certainly don’t help. The fact is, to all intents and purposes, many organisations out there can treat the two terms as one and the same.
Small Business Advice
30 Dec 2020
As coronavirus continues to spread fuelled by the new variant, the Chancellor has extended key schemes to support businesses and employees through to spring, when the Government hopes the twin vaccines will begin to slow the pandemic.
Small Business Advice
Small Business Advice
27 Sep 2020
On 24th September, after weeks of speculation, the Chancellor announced the successor to the furlough scheme as part of a Winter Economy Plan. The ‘Job Support Scheme’ will come into effect on November 1st and will cover a six-month period. Here are the key elements of the new scheme, as well as a guide for employers on what to do now furlough is ending.
Small Business Advice
24 Aug 2020
All you need is the one big idea, one that could take you where the famous ‘garage entrepreneurs’ have found themselves — Apple, Facebook, Google, Microsoft. Here we’ll give some pointers on how to come up with a business idea, plus what you’ll need to do to get your idea off the ground.
Small Business Advice
11 Jun 2020
We have recently expanded our accountancy services and legal services into Brighton, Sussex, where our experienced team of Brighton Accountants are getting to know and help businesses in the area.
Small Business Advice
01 May 2020
With businesses struggling to survive, the pandemic has resulted in more than one million UK workers being furloughed, according to Chancellor of the Exchequer Rishi Sunak. As the crisis continues, one in four workers, which equates to over nine million people, are expected to be furloughed.
Small Business Advice
06 Apr 2020
Chancellor Rishi Sunak has revealed a number of temporary and targeted measures to support businesses and help the economy through the disruption caused by COVID-19. Here is a summary of the support available to businesses to deal with the impact of coronavirus and a breakdown of what businesses are eligible for the different measures.
Small Business Advice
08 Feb 2020
Wondering how to start a small business in the UK? Here are eight steps to help you successfully start a small business.
Small Business Advice
13 Dec 2019
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...
Small Business Advice
26 Nov 2019
Here we’ll look into the new wave of SME lending and banking services, and the future of small business financing.
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Small Business Advice
03 Aug 2017
Most businesses make mistakes when they apply for funding we take a look at the most common mistakes made.
Small Business Advice
18 Apr 2017
An EMI scheme could allow you to incentivise your staff in a tax efficient way, locking in key members of staff so you can grow your business quickly and efficiently.
Small Business Advice
06 Feb 2017
Tips to help creative businesses to focus on the accuracy and timeliness of systems and identification of risks to allow them to make better commercial decisions, identify cost savings, better cash flow management and inevitably succeed.
Small Business Advice
14 Oct 2016
We take a look at the rising star of the recruitment sector - tech. With demand for skills outstripping supply, coders and programmers are choosing to go it alone rather than stick with permanent contracts - we look below the surface to understand how this is impacting on the recruitment industry.
Small Business Advice
06 Sep 2016
New challenger bank set up to specifically address the needs of the UK's Freelancer community - we look at what makes them different.
Small Business Advice
19 Jul 2016
With a Brexit waiting two years down the road, this might lead to relocation of company headquarters and talent away from the UK. Will this lead to a talent boom for British businesses?
Small Business Advice
15 Jul 2016
Are you trying to decide on the right business structure for your start- up? Thought about starting as an LLP but not quite sure what the company structure consists of? Here's what you need to know.
Small Business Advice
05 Jul 2016
Whether we like it or not, Britain has voted to leave the European Union. How should small business owners deal with the fallout?
Small Business Advice
24 Jun 2016
Are you looking for a new small business accountant? It really doesn't matter where you live, thanks to new technology and software, you could hire an accountant from anywhere in the UK. Here's why an accountant in London is a good choice.
Small Business Advice
31 May 2016
UK unemployment has fallen to a 10-year low, but is it employers or sole traders driving the growth in the labour market?
Small Business Advice
23 May 2016
Industry regulator the Competition and Markets Authority is looking to improve competition and access to banking and this week released early recommendations before a full report is unveiled in August.
Small Business Advice
19 Apr 2016
If your small business is growing, but isn't quite ready to take hire its first employee, here are four low-cost alternatives to adding a permanent staff member to your team.
Small Business Advice
29 Feb 2016
With one in thirty UK businesses failing victim to invoice fraud, how purchase orders help small businesses avoid being duped?
Small Business Advice
25 Feb 2016
More than one million sole traders in the UK have had their applications for business financing rejected by high street lenders, but many are unaware of alternative financing options.
Small Business Advice
18 Feb 2016
If you’re a student and you’re considering joining the UK’s growing army of self-employed freelancers, here’s what you could be doing and how.
Small Business Advice
03 Feb 2016
Record numbers are becoming self-employed, the latest data from the Office for National Statistics has revealed. We reveal the pros and cons of life as a sole trader.
Small Business Advice
22 Dec 2015
From following your dreams to making more money, there are plenty of reasons to start a small business. But is it better to pursue a business idea for passion or for profit?
Small Business Advice
07 Dec 2015
In a small business’s early days the business owners may loan money to the company when other sources of funding are hard to come by, but as the company grows they may want to temporarily take money out of the business through a Director's Loan.
Small Business Advice
26 Nov 2015
Many new businesses struggle to raise startup capital until they have proven their business model and gained some traction. When funding is hard to come by capital requirements are often funded by loans from company directors, which are then repaid as the new company begins to generate revenue. Here's how it works...
Small Business Advice
24 Jul 2015
Money comes in; money goes out. Managing your cash flow may seem as simple as subtracting your outgoings from your income, but in fact it’s much more complicated. Follow these six steps to keep your cash flow healthy!
Small Business Advice
03 Jul 2015
Online crowdfunding has drastically improved small businesses’ access to finance. We spoke to our delightful clients, Alice and Fleurette, co-founders of Attollo Lingerie, about their Kickstarter campaign to find out why they chose gift crowdfunding in particular, and how to do it.
Small Business Advice
26 Jun 2015
Fifty percent of new businesses go bust in the first five years. The first thing you should do before starting your own company is understand the common pitfalls so you can avoid them.
Small Business Advice
21 May 2015
All small businesses need good accountants. Businesses in London face the toughest competition, and need the best support. But there are hundreds of accountants vying for your attention; how do you choose the right one for your business?
Small Business Advice
24 Apr 2015
Businesses across the UK often keep their search for an accountant local, mostly for convenience but also because they can be cheaper than city accountants. But nowadays, when everything can be done remotely, and with more standard pricing, might hiring an accountant in London be better for your business?
Small Business Advice
03 Nov 2014
A company that is being closed because it can no longer meet its debts is known as insolvent. The options are creditors' voluntary liquidation or compulsory liquidation.
Small Business Advice
18 Jun 2014
Although it may be completely unrealistic to make your customer swear marriage vows it is possible to build a lasting relationship where they promise to be loyal if you promise never to deliver less than the original attractive deal.
Small Business Advice
14 Apr 2014
The simple answer to this is yes; there are no restrictions on a non-UK resident owning a UK company, however, there are some things that you need to know.
Small Business Advice
14 Jan 2014
In 2013 a survey carried out by Accounts and Legal found that an astonishing 80% of small businesses wanted more commercial guidance from their accountant and overall only 10% were happy with their current bean-counter. There is a need for change.