The VAT domestic reverse charge: what your construction business needs to know

Jan 2, 2024

The VAT domestic reverse charge came into operation in March 2021, introducing significant changes around how VAT is collected and paid within the construction industry. So, how does the domestic reverse charge work?: The domestic reverse charge applies to...

Holiday cash flow for your small business

Dec 30, 2023

Are you heading away for a break from the business this year? This time of year can be hard on small business. Your expenses continue and your cashflow can suffer when your debtors go on holiday. Leading up to the holiday period, is your business cash flow in good...

Happy New Year

Dec 30, 2023

Thank you for your business in 2023. For business owners, the New Year is often the time of year when you reflect on where you are at and think about your business goals for the year ahead. These could be lofty goals, or even setting out a plan to achieve some more...

Plain English guide to profit and loss

Nov 25, 2023

Here’s our Plain English guide to profit and loss and what this report reveals about your finances. What is profit and loss? Your profit and loss statement is commonly called your ‘P&L’. It’s also sometimes referred to as your income statement or statement...

The Autumn Statement 2023 – Key Points

Nov 25, 2023

The 2023 Autumn Statement was presented against a background of inflation falling from recent peaks. Annual inflation for the last quarter of 2023 is now expected to be 4.8%, against a previously anticipated 2.9%. With recent large price increases now baked in, the...