Making the most of your savings

A guide on how to using your savings to improve your financial position. People often have a slightly misjudged opinion of their savings as a sedentary block of assets that only creeps forward at a glacial pace due to the interest it generates. The idea that an individual’s savings can be turned into a productive … Continued

Accounting for Change: Audits and Annual Accounts

This article looks at the accounts that companies need to keep. The threshold for compulsory filing of audited financial statements rose on 6 April 2015 to those businesses with a turnover of £10.2 million or more for periods commencing from 1 January 2016. This is part of a new European Commission directive which allows member … Continued

Insider August 2015

Government publishes productivity strategy A plan to improve the productivity of UK businesses has been published by the Treasury. The policy document identifies 2 key areas to stimulating productivity in the UK: long-term investment and a dynamic economy. Among the measures included in the strategy are: the government aims to increase business investment by lowering … Continued

Auto-enrolment: infrequently asked questions

A guide to the finer points of auto-enrolment The process of auto-enrolment continues to rumble on quietly with the majority of companies passing their staging dates without major incident. However, for the few that fail to comply with their workplace obligations, the consequences can be costly in time and resources. The Pensions Regulator has released … Continued

Improving Cashflow

A guide to improving cashflow and tackling late payment   More than any other factor, a business is defined by the balance between the money coming in and the money going out over any period of time. Ideally, the scales should be tipped in favour of the former, but the reality of the business environment … Continued

Insider: June 2015

Deregulation tops small firms’ priority list More than half of small business owners want the new Conservative government to prioritise reducing regulation, a survey by the Federation of Small Businesses (FSB) has revealed. The poll of more than 2,300 FSB members found that 53% believe that regulation is the biggest issue to tackle in the … Continued

Setting Targets and Forecasting

Setting targets and forecasting A guide to choosing, measuring and using targets in your business As exhilarating as it may be to set off on an adventure without a plan, any explorer, sailor or business owner will tell you that not knowing where you want to go can be a recipe for disaster. Setting targets … Continued

Estate Planning

An overview of things to consider when planning how to pass on your wealth What you are going to leave behind you at the end of your life is something that everyone needs to think about seriously at some point. Whether you want to guarantee that your extensive collection of Star Wars figurines get the … Continued

Insider May 2015

Businesses delay capital investment Almost two thirds of UK businesses generated a cash surplus in the last tax year, according to research by the Institute of Chartered Accountants in England and Wales (ICAEW). The survey of 500 businesses found that 62% made a cash surplus last year while 69% expect to make a cash surplus … Continued

Minimising Corporation Tax

A guide to the allowances and reliefs available to help minimise your corporation tax Limited companies and most unincorporated associations such as sports clubs and cooperatives have to pay corporation tax. This is a tax levied against the profits a company makes. It includes profits from: trading investments income from renting out buildings or land … Continued