At the end of the day, it doesn’t matter what your turnover or profit look like on paper — if you haven’t actually received the cash, your business can quickly find itself in trouble. You need real cash in the bank (or petty cash) to buy supplies, pay your bills, and pay yourself. Without it, your […]

🎄Wrap Up Your Books Before Santa Arrives: Your Ultimate Year-End Checklist  The festive season is magical, with twinkling lights, mince pies, and the joy of spending time with loved ones. But let’s be honest: nothing kills the Christmas spirit quite like opening your books in January to find a financial mess waiting for you.  While […]

Why Standard Operating Procedures Are Your Exit Strategy’s Best Friend Picture this: you are sitting across from a potential buyer who is interested in acquiring your business. They are asking all the right questions about revenue, profit margins, and growth potential. Then they ask the question that makes or breaks most deals: “What happens if […]

Rachel Reeves delivered her Autumn Budget this afternoon, and if you’re a small business owner, you’re probably wondering what it all means for you. Let’s cut through the noise and focus on what actually matters for your business. The Headlines (Briefly) Here’s what’s changing: The not-so-great news:  Income tax and National Insurance thresholds are frozen […]

We get it. The words “new employment legislation” aren’t the most exciting thing to be reading and probably enough to make you want to go and do literally anything else. But there are some big changes to the Employment Rights Bill that will have a big impact on how you run your team. Don’t worry, […]

So, you’ve done the hard part. You’ve wrangled the receipts, filed your Self-Assessment (or your accountant has ;), and you’re looking at the final number. Phew. Now comes the big question: do you pay your personal tax bill right away, or do you hold onto your cash until that 31st January deadline is breathing down […]

The Step-by-Step Guide to Selling Your Business The moment you first think “maybe I should sell this business” can feel both exciting and terrifying. Exciting because it represents the ultimate validation of everything you have built. Terrifying because the process feels like navigating uncharted territory without a map.   The truth is, selling a business […]

In the labyrinth of tax regulations, the trading allowance emerges as a beacon of simplicity for small business owners and side-hustle enthusiasts. Let’s look at this provision and see how it can benefit you.   So what is the Trading Allowance? Think of the trading allowance as a tax-free threshold. Launched in April 2017, it […]

You have built something incredible. Your business is thriving, you have reached that lifestyle stage where things feel more manageable, and now you are starting to think about what comes next. Whether that is five years away or fifteen, one thing is certain: the tax implications of how you exit your business will have a […]