Xero recently commissioned a report surveying 2000 small business owners around the world titled “The next chapter for small business: How to thrive in a changed world.” By Forrester Consulting. They made 5 key recommendation: • Make company and financial information easily accessible and digitised • Create emotional connections with your customers • Start from […]
If you want to get on top of your cash flow start with reviewing your processes! Research by Xero Small Business Insights highlighted that many businesses manage their bills through trial and error; they have just found a system that works for them. On average businesses are spending 4.8 hours each month managing bills, there […]
Traditionally Britain’s retailers should be gearing up for a busy Christmas season, but it seems Christmas 2020 is looking anything but normal. Just as the business community was hoping to recover, the city’s such as Manchester and Liverpool have been forced back into lockdown measures. Research from Previse suggests retailers could be hit with late […]
The government is urging businesses to prepare for changes for Britain’s exit from the EU ahead of the 1st January deadline. Regardless of Britain’s trade deal there will be changes businesses have to prepare for, these will include: • the way businesses import and export goods. • the process for hiring people from the EU; […]
HMRC has made it easier for self-assessment taxpayers to pay the tax they owe incrementally on a monthly basis, by extending the threshold for ‘time to pay’ applications, as part of efforts to ease financial stresses caused by the pandemic. “The increased £30,000 threshold follows the Chancellor of the Exchequer’s announcement on 24 September to […]
Earlier in the year, I wrote about the implementation of the highly controversial IR35 legislation which of course was delayed until April 2021 due to the pandemic. A report by the House of Lords heavily criticizes the government: “IR35 is riddled with problems, unfairness and unintended consequences and has not worked for 20 years, according […]
According to a leaked document which appeared in the Financial times the UK Government could be looking to close a VAT loophole, currently thought to cost the UK in lost tax revenue between £1bn and £1.5bn in 2015/16. VAT fraud by online sellers occurs when goods are sold in the UK online but are deemed […]
As begin to return to the office after so many months working from home, how as business leaders do we support the transition and the mental health of our employees? The team at UNMIND have put together 6 Steps to Mentally Healthy Transitions, its free to download: https://resources.unmind.com/handbook-6-steps-to-a-mentally-healthy-transition “While going into lockdown forced us to […]
In uncertain times it’s more important than ever that businesses have up-to-date financial information to inform decisions and drive strategic growth. If you have not yet made the leap to cloud accounting now is the time! Advantages include: Run your business from anywhere – Access your business finances anytime, from any internet-connected device – phone, […]
It’s become more pressing for your business ‘to do more with less’, the pressures businesses have been under to preserve cash flow to survive the pandemic has driven the need to digitise certain processes. Technology allows businesses to be more agile and benefit from lower costs, the pandemic has highlighted the inefficiencies with manual processes. […]
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