On Wednesday, Rachel Reeves presented her 2025 Autumn Budget to Parliament. She described it as a budget for fair taxes, strong public services and a stable economy. We have highlighted some of the key announcements below. Tax Rates and Thresholds The freeze on income tax and NIC thresholds will be extended for a further 3 […]
The festive season represents the most crucial trading period for retail and hospitality businesses across the UK. Whilst Christmas can deliver exceptional revenues, it also presents unique financial challenges that require careful planning and management. From VAT obligations to cash flow pressures, getting your finances right during this peak period can make the difference between […]
As we approach 2026, business leaders face an increasingly complex economic landscape requiring sophisticated budget planning approaches. With inflation volatility, evolving regulatory requirements, and shifting consumer behaviours continuing to impact business operations, the importance of robust financial planning has never been greater. Successful businesses are those that move beyond traditional budgeting methods to embrace comprehensive […]
The end of the third quarter is the perfect time for business owners to take a step back and evaluate their financial performance. While daily operations often consume our attention, quarterly reviews provide crucial insights that can make or break your business’s success in the final stretch of the year. For small to medium enterprises, […]
As a business owner turning over between £500,000 and £1 million, you’re in good company. You’ve built something substantial, created jobs, and are contributing significantly to the UK economy. But here’s the question that keeps many owner-managers awake at night: Am I actually making enough profit for all this effort and risk? If you’re not […]
Introduction As your business grows from a solo operation to a small team with employees, tracking your financial performance becomes increasingly complex – yet even more critical. You can no longer rely on checking your bank balance to gauge your business’ health. At this crucial growth stage, implementing the right Key Performance Indicators (KPIs) can […]
Like two thirds of UK businesses, Whitesides Chartered Accountants is a family business, which Joanne founded in Leeds over 30 years ago. In 2015 when a new accountant was needed, she was lucky to find that Sarah, her daughter, fitted the bill perfectly. Now, with the firm about to be passed on to the second […]
As chartered accountants and business advisors we have the knowledge and skills needed to help businesses at every stage of their growth cycle. Help Developing a Business Plan Involving your chartered accountant in developing a business plan for your company can be a smart move. We can provide useful insight into key business indicators and […]
FREE Event: Refresh Your Business – Post Lockdown Covid-19 will have affected your business no matter what size or sector you are in. Here at Whitesides we’ve got more than 30 years of experience, which we can draw on to help you ‘Refresh Your Business’. We’re arranging some FREE online events where we will help […]
With the first non-essential retail premises beginning to reopen and the initial panic has passed, it’s time for businesses to look at their situation and begin to plan for the future and what the “new normal” might look like for them. One of the main drivers of business success is financial planning and preparing for […]
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