2025 has brought global trading challenges few could have predicted. From US tariffs to shifting trade alliances, the world of international business is in flux – and it’s already having a knock-on effect for UK SMEs. What’s going on? These changes create both risks and opportunities. What matters is how prepared you are. What should […]
Don’t Be Caught Out: Why Due Diligence Matters
If you’re thinking about buying a business, entering a joint venture, or investing in another company, due diligence is your best friend. It isn’t about confirming that every number is 100% accurate. Instead, it’s about shining a light on what matters most – the risks, the red flags, and the deal breakers you might otherwise […]
Funding Options to Manage Rising Employment Costs
Rising employment costs are squeezing businesses across the UK. National Insurance changes and increases to the National Living Wage are hitting payroll hard – and for many business owners, it’s becoming a real challenge to keep margins healthy. First, understand what the data is showing If you’re feeling the pressure, you’re not alone. Then, consider […]
How We Help You Find the Right Buyer for Your Business
Selling your business is a big moment. Done well, it can be the reward for years of hard work and the start of a new chapter. Done badly, it can mean regret, delays, and lost value. It starts long before you plan to sell A successful exit rarely happens by chance. The earlier you start […]
Cash Basis vs Accrual Accounting: Which is Best for Your Small Business?
From the 2024/25 tax year, cash basis accounting will become the default method for most sole traders and partnerships completing their Self-Assessment tax return. But is this new approach right for you, or would sticking with accrual accounting give you better control over your finances? In this blog, we break down the key differences between […]
Making Tax Digital for Income Tax – What You Need to Know
MTD for Income Tax is one of the biggest changes to how small businesses and landlords report their income. And while the idea of quarterly tax updates might sound overwhelming, the good news is that we’re on it! What is MTD for Income Tax? From April 2026, if you earn more than £50,000 from self-employment […]
Small Business Tax Guide 2025/26: How to Maximise Your Take-Home Pay Through Remuneration Planning
As a small business owner, ensuring you structure your income efficiently can make a significant difference in how much you take home after tax. The tax landscape for 2025/26 presents both opportunities and challenges, so understanding the key thresholds and tax rates is crucial for financial planning. The way you receive income, whether as a […]
HMRC Nudge Letters: What they are and how to respond
HMRC has been and will continue to increasing its use of ‘nudge letters’ to encourage taxpayers to check their tax affairs and correct any errors. If you receive one, it’s important to understand what it means and how to respond appropriately. What are HMRC nudge letters? Nudge letters are issued by HMRC when they believe […]
Making Tax Digital for Income Tax: What You Need to Know
The government’s Making Tax Digital for Income Tax (MTD for IT) initiative is expanding, affecting smaller businesses sooner than expected. If you’re self-employed or a landlord, these changes could impact how you manage your tax obligations. Here’s what you need to know and how to prepare. What is MTD for IT? MTD for IT is […]