In our recent blog, is your business really your retirement plan, we looked at a question many business owners never properly ask themselves: would somebody actually want to buy your business when the time comes to retire? If that article left you thinking about your own plans, the next question is equally important: what should […]
Many business owners assume they’ll fund their retirement by selling their business. It’s easy to understand why. After years of building the company, taking risks and reinvesting profits, the business often becomes the largest asset they own. But here’s the uncomfortable question: What if your business isn’t worth what you think it is? Many Business […]
Like most conversations in Britain, the hot topic (pardon the pun) in our office has been the weather. With temperatures regularly pushing into the high twenties and beyond, a petition calling for a legally enforceable maximum workplace temperature has gathered thousands of signatures and reignited the debate about what employers should do when the office […]
For most growing businesses, people are the largest investment they make. Whether you’re hiring your first employee or expanding an established team, it’s important to understand that the true cost of employing someone is far more than their basic salary. We often speak to business owners who budget for a £35,000 employee, only to discover […]
Choosing the right accountant is important at every stage of a business’s journey. When you’re starting out, your priorities are usually straightforward, annual accounts, tax returns and making sure deadlines are met. However, as a business grows, so do the challenges. What worked when turnover was £200,000 may not be enough once your business reaches […]
By Sean Rushton Starting a business with co-founders, business partners or family members is an exciting time. Most of the attention goes on winning customers, building the offering and getting the company off the ground. Because everyone gets on well at this stage, it’s easy to assume that formal paperwork between shareholders can wait. It’s […]
It’s one of the most common questions we hear from business owners: “We’re turning over around £1 million. Are our profits where they should be?” The honest answer is that there isn’t a single correct figure. Two businesses with the same turnover can generate very different levels of profit depending on their industry, pricing, efficiency, […]
Salary: £30,000 – £35,000 (depending on experience, qualifications, and ability to manage client portfolios independently) Job Type: Full-time, Permanent About the Us We are a small, established firm of Chartered Accountants based in Leeds, providing a high-quality, personalised service to a broad portfolio of owner-managed businesses and individuals. As a non-audit registered firm, our focus […]
The government has announced a change in the approach to the introduction of mandatory payrolling of benefits in kind (BIK), offering employers a more gradual transition to what is set to be a significant change in payroll reporting. A Phased Introduction Under the updated plans, mandatory payrolling will no longer be introduced in one step, […]
With HMRC increasing its focus on VAT compliance, businesses should expect a higher likelihood of enquiries in the coming years. Driven by efforts to reduce the tax gap, alongside increased recruitment of VAT officers and the growing use of data and technology, HMRC is becoming more proactive in reviewing VAT returns. Preparing in advance is […]
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