Managing Your Cashflow

By Gary Robinson / April 15, 2023

With increasing supplier prices and economic uncertainty, managing your business’s cash and understanding the flow are now vital tools in maintaining resilience and being able to adopt flexible strategies for success. Cash flows are a reflection of all the cash that is flowing in and out of a business. Owners can look at the direction…

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Mitigating Long-Term Inflation   

By Gary Robinson / April 8, 2023

With continuing inflation in the UK, many of us and our businesses have been put “off track” in the short to medium term. The Bank of England recently increased interest rates by a quarter of a percentage point to 4.25 per cent, despite the turmoil that has engulfed banking in recent weeks. The rise was…

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Is the UK going to swerve a recession?

By Gary Robinson / March 4, 2023

Better than anticipated purchasing managers’ index (PMI) data for February indicate encouraging resilience of the economy in the face of headwinds which include rising interest rates, the ongoing cost of living crisis, labour shortages and strikes. While many companies continue to report tough operating conditions, especially in the manufacturing sector, the broader business mood has…

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HMRC is changing how they assess profits

By Gary Robinson / December 3, 2022

How HMRC assesses profits for sole traders and partnerships who use an accounting date between 6 April and 30 March will change from 6 April 2023. This change will not affect companies. Your accounting date is the last day of the period that you prepare your accounts for. You choose your accounting date when you…

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Business News

By Gary Robinson / November 5, 2021

Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you!COP26 – UN Climate change conferenceThe UK is hosting the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow until…

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Remote Recruitment

By Gary Robinson / July 15, 2021

We have had three national lockdowns, various restrictions remain in place, and many forced to work from home for the majority of last year, the workplace has changed dramatically ‘Work’ as we once knew it has become more and more digital, as organisations adopt an increasingly hybrid approach. As a result, recruiters have had to…

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Directors what about the risk of paying illegal dividends

By Gary Robinson / March 28, 2021

It’s common for directors of owner managed businesses to pay a portion of their income as dividends and with the end of the tax year fast approaching, directors will once again be turning their minds to declaring an annual payment.  ‘The rules around dividends and distributions, governed by company law capital maintenance requirements and directors’…

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Bounce Back Loan

By Gary Robinson / February 21, 2021

Bounce Back Loan borrowers will now have the option to tailor payments according to their individual circumstances with the option to delay all repayments for a further six months. Pay as You Grow will be available to over 1.4 million businesses, which collectively took out nearly £45bn through the Bounce Back Loan Scheme. The Treasury’s…

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Five furlough changes you need to know about

By Gary Robinson / January 21, 2021

The government has now published its official guidance for the Coronavirus Job Retention Scheme, which has been extended until 30 April 2021. The long-awaited government guidance confirms many of the details surrounding the extended furlough scheme for employers. Overall, it outlines that despite the increase in flexibility that the extended scheme provides when compared to…

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Covid 19 The Vaccine

By Gary Robinson / December 31, 2020

VACCINE OPTIMISM – WILL THE LOCKDOWN END? The news is full of stories this week of the UK Government approving the Pfizer vaccine and who will be first to be offered the jabs and how the vaccine will be rolled out and, rightly so, people are more optimistic about the ending of lockdown and a…

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