For many landlords, the decision to keep or sell a rental property isn’t as straightforward as it once was. A few years ago, the answer often seemed obvious, property prices were rising, rental demand was strong and many investors were happy to take a long-term view. Today, however, landlords face a growing list of considerations […]
Most business owners don’t have a business plan. Or at least, they don’t have one they actually use. What they do have is a document they spent three days writing when applying for funding in 2021 that’s now sitting in a folder called “Final Final Version V4”. A one-page business plan is different, it’s quick […]
At Whitesides, we don’t have a Dave. We have Adam – coincidentally it’s also his birthday today! Now, officially, Adam has a job description. In reality, we’re not entirely convinced it’s possible to list everything he actually does. Need the website updating? Speak to Adam IT issue? Adam Annual regulatory compliance? Adam Fire extinguisher inspection […]
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 […]
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 […]
The UK Government has hit pause on controversial plans that would have forced small companies to publicly file their Profit and Loss accounts, a move that’s brought relief to thousands of small business owners across the country. If you run a small, limited company, here’s what this means for you and why you should still be paying attention. What […]
As we head towards the end of January, any business with a December VAT quarter will need to prepare and submit their VAT return by 7th February. With the festive period behind us and business ramping up again, now is the time to get your VAT affairs in order. Key Dates to Remember Quarter end: […]
The festive period is over, and January brings a fresh start. Before you get swept up in the new year, take an hour or two to sort out your financial records from the Christmas rush. Your future self (and your accountant) will thank you. Why Tackle This Now? Receipts fade, details get forgotten, and paperwork […]
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