Category Archives: Business advice

What is overtrading?

2nd March 2021 Posted by -

A reminder that traders who buy and sell goods - wholesalers or retailers - need to be wary of the financial consequences if, as expected, pent up

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Financial outcomes for your business

17th February 2021 Posted by -

There are three possible financial outcomes for your business, each with their own challenges: Make a profit Breakeven, or Make a loss Making a

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How much do your customers owe you?

17th February 2021 Posted by -

Many business owners are buoyed by turnover; if it’s sold it’s as good as money in the bank, but is it? What are your credit terms? How many days do

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Self-Employment Income Support Scheme

11th February 2021 Posted by -

Claims for the third Self-Employed Income Support Scheme (SEISS) grant closed on 29 January 2021. Under this grant, the self-employed received up to

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Keeping pay and tax records

12th February 2021 Posted by -

Following the 31 January 2021 deadline for submission of Self-Assessment tax returns for 2019-20, it can be a useful exercise to review the rules for

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Business owners year end planning tips

9th February 2021 Posted by -

A few housekeeping tips for readers with business interests; especially those with an upcoming financial year end at the end of March 2021. Don’t

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Keep your business moving

4th February 2021 Posted by -

An interesting press release published jointly by the Department for Business, Energy & Industrial Strategy and Business Minister, Paul Scully has highlighted some important actions that

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Making good fuel provided for private motoring

2nd February 2021 Posted by -

Where an employee with a company car is provided with fuel for their own private use by their employer, the default position is that the employee is required to pay the car fuel benefit charge. The

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