Small Business Owner

The Tips Act 2023 – what business owners need to know

On 1st October 2024 The Employment (Allocation of Tips) Act 2023 came into effect, impacting on the distribution of tips for all businesses. It is now illegal for employers to withhold tips from employees. What does this mean for business owners? If your business receives tips from customers, there is [...]

2024-10-16T16:33:16+01:007 September 2024|

Questions that every business owner should ask their accountant

Your accountant is far from just a number-crunching machine! They have specialist knowledge regarding taxes, expenses, allowances and so much more. In this blog, we’ll outline some of the key questions that you should be asking your accountant to ensure your business is as efficient as possible. Can I make [...]

2024-04-24T09:25:43+01:0024 April 2024|

The Autumn Statement 2023

Chancellor Jeremy Hunt has just finished delivering his Autumn Statement 2023, which he’s hailed a ‘huge boost’ for British competitiveness in his statement for growth. A series of measures were announced with the ‘overall impact of £20bn a year within the decade – the biggest ever business boost for [...]

2024-01-15T10:28:45+00:0022 November 2023|

Can you claim your festive celebration as a business expense?

The festive season is approaching and many Limited Company directors are starting to prepare for their yearly celebrations. Fortunately, HMRC recognises staff entertainment as a valid business expense, but your festivities need to follow certain rules to qualify for tax and National Insurance exemption. What are the rules?  To be [...]

2024-01-15T10:28:45+00:009 November 2023|

The Spring Budget 2023

Chancellor Jeremy Hunt delivered a ‘Budget for Growth’ after the Office for Budget Responsibility forecast a stronger than expected performance from the UK economy this year with inflation continuing to fall. Driving business investment The Chancellor announced a £27 billion transformation of capital allowances from April this year, which will [...]

2024-01-15T10:28:46+00:0016 March 2023|
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