In the business world, cash flow remains the lifeblood that keeps your operations running smoothly. Whether you’re a start-up finding your feet or a seasoned business, maintaining a steady cash flow can be quite a challenge. But a few small changes can make a world of difference to your cash flow and overall revenue. So, let’s dive into some practical strategies you can implement to boost your cash flow. Get… Read more
Xero Beautiful Business Fund applications are now open! Xero recently announced the launch of the Xero Beautiful Business Fund. Itʼs their new initiative, backing small businesses for the future. What does this mean? Xero is offering more than NZ$750,000 in funding to Xero small business customers across Australia, Canada (excluding Quebec), New Zealand, Singapore, South Africa, the UK and the US. Applications for the fund are open til Oct 6… Read more
Assessing the viability of your new idea is an essential part of market research. While seeking input from friends and family is common, gathering information from the market itself can provide more accurate insights. Here are 4 effective research tactics to collect accurate information about your business idea: Harness the power of the internet Leverage the power of the internet to explore your chosen market. Investigate your main competitors, their… Read more
Welcome to the September edition of Tax E-News. We hope that you find this informative. Please contact us if you wish to discuss any matters in more detail. BACK TO SCHOOL – SET UP A TAX FREE CHILDCARE ACCOUNT? The Government’s Tax-Free Childcare Accounts provide a 25% subsidy towards the cost of childcare. The account can be used to pay nursery fees, breakfast clubs, after school clubs and registered childminders.… Read more
Welcome back to our Weekly Update. Read on for the latest updates and some ideas to help us all move forward. More than 20 Million Gets First Dose of COVID-19 Vaccine Official data showed 20.09 million people across the UK have now received their first shot of the COVID-19 vaccine. Meanwhile, almost 800,000 have received their second dose. The UK has suffered the highest death toll in Europe, but the… Read more
Welcome back to our Weekly Update. Read on for the latest updates and some ideas to help us all move forward. New COVID-19 Cases Fell to Lowest Since September The number of new COVID-19 cases in the UK fell to its lowest level since late September on Monday. The daily data showed 4,712 people tested positive for the coronavirus, marking the smallest total since 28 September. By the end of… Read more
Welcome back to our Weekly Update. Read on for the latest updates and some ideas to help us all move forward. UK Unemployment Rises to 5.1% The UK’s unemployment rate has risen to its highest level in almost 5 years, hitting 5.1% in the three months to December. The number of people on company payrolls were down 726,000 on pre-pandemic levels, according to the Office for National Statistics. Almost three-fifths… Read more
Welcome back to our Weekly Update. Read on for the latest updates and some ideas to help us all move forward. Over 15 Million Already Vaccinated in the UK The national vaccination programme continues to surpass the target set 6 weeks ago with over 15 million people vaccinated across the UK. More than 90% of those over 70 years old have already been vaccinated, but it is important to note… Read more
Welcome back to our Weekly Update. Read on for the latest updates and some ideas to help us all move forward. Two COVID-19 Tests for All UK Arrivals All UK arrivals will be required to take two COVID-19 tests— on Day 2 and Day 8 of their quarantine period– in an attempt to prevent new coronavirus variants from entering the country. This new requirement comes on top of the current… Read more
Welcome back to our Weekly Update. Read on for the latest updates and some ideas to help us all move forward. UK On Track to Vaccinate All Adults by End of August The UK has passed the 10 million-mark for the number of coronavirus vaccine doses administered, amid hopes that all adults could have received the COVID-19 vaccine by the end of August. Around 3 million people between 65 and… Read more
Welcome back to our Weekly Update. Read on for the latest updates and some ideas to help us all move forward. Vaccine Minister Confident of Supplies Amid Production Delays Although supplies of vaccines are “tight”, Nadhim Zahawi said the vaccination programme was still on track to deliver a first dose to 15 million of the most vulnerable by mid-February and to offer all adults their first dose by autumn. UK… Read more
Welcome back to our Weekly Update. Read on for the latest updates and some ideas to help us all move forward. UK Seals Border, Requires Negative COVID-19 Tests for Arrivals Prime Minister Boris Johnson announced that all travel corridors – routes that don’t require self-isolation upon return – are closed from 4am on 18 January. This means that all those arriving in the UK must quarantine for 10 days unless… Read more
Welcome back to our Weekly Update. Read on for the latest updates and some ideas to help us all move forward. UK Ramps Up COVID-19 Vaccine Rollout The UK is looking to accelerate its coronavirus vaccine rollout with the opening of seven regional centers at sports and conference venues, as hospitals are struggling to cope. According to Health Secretary Matt Hancock, the UK is on track to meet its vaccine… Read more
Happy New Year! We hope you had a relaxing holiday break and are raring to go in 2021. Our first weekly digest of the new year includes the latest updates and ideas to help us all move forward. UK to Toughen COVID-19 Border Controls Soon The UK will shortly announce plans for new border restrictions to curb the spread of the virus, according to Minister for the Cabinet Office Michael… Read more
Thank you for your amazing support during this incredibly busy and challenging year. We hope you and your loved ones enjoy a safe and healthy festive season. We look forward to working with you next year! As usual, here are the latest updates and some ideas to help us all move forward. UK Recovered Quicker Than Forecast After First COVID-19 Lockdown The UK economy staged a faster recovery in the… Read more
eCommerce is growing rapidly, and recent research estimates that it will make up over 22% of global retail sales by 2023. With these statistics and the changes COVID-19 has brought, it’s more important than ever to take your retail business online if you want to stay competitive. It adds another revenue stream and keeps your business humming even while your brick and mortar doors are closed. In this article, we… Read more
Welcome back to our Weekly Update. We hope you and your family are safe and doing well. Read on for this week’s updates and some ideas that will help us all move forward. New Coronavirus Strain Spreading in UK, Scientists Downplay Concerns British scientists are trying to establish whether the rapid spread in southern England of a new variant of the virus that causes COVID-19 is linked to key mutations… Read more
Good personal finance skills are important in life, but this seemingly simple concept can be difficult to master. Without having a good grasp of how to manage your money effectively, you run the risk of making financial mistakes that could significantly impact your life. Avoid money traps and manage your finances better with the following common sense financial tips. 1. Not all ‘tax-effective’ investments are good investments. The term ‘tax-effective’… Read more
Welcome back to our Weekly Update. We hope you and your family are safe and doing well. Read on for this week’s updates and some ideas that will help us all move forward. UK Gives First Doses of COVID-19 Vaccine The UK is getting a head start on the roll out of the first doses of COVID-19 vaccine after regulators gave emergency authorisation to the vaccines produced by Pfizer and… Read more
Many small business owners tend to handle their own accounting and bookkeeping, especially when they’ve just started out. However, keeping track of the finance-side of the business– everything from income to expenses to tax compliance– can be overwhelming. Mistakes can happen quite easily and can have costly consequences to your business. Below are five of the most common DIY accounting errors that you should avoid. Unorganised Records It takes excellent… Read more