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Preparing for the Future: How to Build a More Resilient Business

20% of new businesses in the UK do not make it past the first year, and 60% will fail within the first three years [1]. So, what separates the businesses that thrive from those that don’t?  The answer is simple: resilience.  The past few years have been a testament to this, with the pandemic, Brexit, […]

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How to Cope with Staff Turnover: Tips to Reduce and Retain

In the UK, the average cost of training a new employee is a staggering £1,530.00. With such a significant investment at stake, you want to ensure it’s not in vain. Are you a business owner struggling to retain staff? We have 9 practical, proven strategies to reduce staff turnover. A robust training programme can make a

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Navigating Crypto Taxation: HMRC’s Urgent Reminder

With the self-assessment deadline looming, HMRC has sent out a reminder urging individuals who may have invested/traded in crypto assets to check if they need to report transactions. Does this affect you? HMRC is concerned that individuals who sell or exchange crypto assets through online exchanges may not be aware that they need to file a tax

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Strategic Goal Planning: A Blueprint for Business Success

Strategic planning is the heartbeat of business triumph. In this article, we look at strategic goal planning and the financial pulse of your business. Whether you lead a startup or a corporate giant, understanding how strategic goals and finances align is key to achieving success. Strategic Planning Strategic planning is constantly evaluating where your business

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Strategic New Year Planning: Your Roadmap to Business Growth

As the new year rolls in, it’s time to focus on strategic planning, a cornerstone for driving business growth. It’s about creating a clear, actionable roadmap for success. This article will explore the essentials of effective business planning, shaping your journey towards a prosperous year. 1. Set Realistic and Achievable Goals First up in our

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Buying food and drink – when is it subsistence, entertainment or just not allowable?

Puzzling over whether that quick lunch or client dinner can be claimed on your tax return? If so, you´re not alone. This is something that a lot of business owners struggle with. Why? Because the rules around food and drink expenses are anything but straightforward.  While it can be complicated, it is still essential to

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Countdown to Year-End: An Essential Checklist for Business Owners

As the year’s end approaches, it’s crunch time for business owners to reassess and strategise. This essential checklist guides you through vital areas, from finances to future planning, ensuring your business begins the New Year in the best position possible. 1. Assess your finances As the year comes to a close, all businesses need to

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