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Three tips for managing maternity and paternity pay for small businesses
As experts in the field of accountancy, we understand the unique challenges business owners face when it comes to payroll. We’ve put together three essential tips to help you manage maternity and paternity pay, ensuring legal compliance and employee satisfaction. Understand the statutory requirements: In the UK, employees are entitled to Statutory Maternity Pay (SMP)…
Continue readingCould you enjoy a slice of the £1.6bn creative industry tax reliefs?
If your company is involved in the creative industry, then it could be eligible for significant tax relief from the Government. These tax reliefs support the Government’s objective of becoming the technological centre of Europe by promoting growth in the digital, creative, and other high-technology areas. Your business can claim creative industry tax relief if…
Continue readingChief UK economist warns of period of stagnation – How will this affect your SME?
Stagnation is a prolonged period of little or no growth in the economy and it can have a serious impact on your business. Whilst talking to The Guardian, Samuel Tombs, a leading UK economist, claimed that stagnation will cause “businesses to cut employment and investment, and trigger a sharp decline in residential investment.” He added:…
Continue readingWhen are interest rates likely to fall and why does it matter to you?
After the fourteenth consecutive increase in interest rates since 2021, many business owners will be asking themselves the same thing: “When will interest rates finally fall?” The higher the interest rates, the more money you pay on your debts like loans, overdrafts, and credit cards. Equally, many of your customers will also face higher costs…
Continue readingCan you afford a £7,300 fine from Companies House?
You must file your company accounts, to avoid late filing penalties, Companies House is warning. All companies must file annual accounts with Companies House each year, regardless of whether they are trading or not, or whether they are public or private. This applies to both large and small companies. LLPs are also subject to these…
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