Financial measure announced by the governemnt to support small and medium sized businesses by providing access to a source of alternative finance if you are impacted by the coronavirus outbreak.
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The Accountants for Growth
Financial measure announced by the governemnt to support small and medium sized businesses by providing access to a source of alternative finance if you are impacted by the coronavirus outbreak.
The objective of my blog is to help explain how the Furlough Scheme is likely to work so that you can see how it will benefit your business. I must say that this articles is based on my understanding of the Sheme, based on the information released so far and should not be relied on for advice at this stage
Being prepared for and forewarned of the potential financial impact of the Coronavirus is essential for the survival of your business. This blog explains steps you can take to minimise your financial risk.
The treasury has announced that from 01 April 2020, the National Living Wage will increase by 6.2%. In real terms, this means that any employee over 25 years of age must now be paid at least £8.72 per hour.For those of you who are or employ workers aged under 25, there are also increases to the other minimum wage bands between 4.6% and 6.5%.
Did you know that you could get up to £3,000 a year off your National Insurance bill if you’re an employer? This is the benefit of Employment Allowance.
How start up businesses can avoid failure in the early years.
The Small Business Association claim that 50% of small businesses are likely to fail in the first two years after start up. Why? Because they are technicians and not true entrepreneurs who work on their business as opposed to working in it.
One of the main drivers of the team at James,Stanley & Co is to help our clients grow their businesses. The question you may ask is ’How do you deliver on that promise?’
Cloud accounting and supporting apps have allowed us to deliver our growth services; they provide us with real time financial information about your business which in turn allows us the compare results against the growth forecasts which we have prepared and to challenge business owners to get to the next level.
The catering sector can sometimes benefit from tips received from customers and unfortunately there are some tricky tax rules which must be applied to any tips or gratuities received.
Tax is payable on income from employment and unfortunately HMRC consider tips to be income from employment.
We touched on a number of ideas during the session which we are going to expand on in the coming weeks as they will be relevant to many caterers. One question that a delegate asked was: -
Gaining regular Google reviews is an easy way to promote your business and it helps to promote your website with search engines.
Prospective customers and clients will want to establish that you are a trustworthy and reliable business. One way in which they can do this is by reading your online reviews. This is fast becoming the way in which potential customers assess your business before they take the decision to buy from or engage with you.
Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England & Wales.
The information contained in this site is of a general nature and is not a substitute for professional advice. You are recommended to obtain specific professional advice before taking
any action.