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COVID-19: How to Grow in a Recession – The Right Perspective

We’re currently facing a very turbulent time economically – and when faced with such times, businesses and their owners quite often tend to panic. This panic leads to “survival mode” being triggered and any thought of how to grow in a recession simply goes out of the window. But is this the right response? We’d argue not. You see, some…

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Categories:

  • General
  • Making Tax Digital
  • Uncategorised

Preserve Your Cash Flow And Survive COVID-19

It is often said in business that cash is king. In fact, the reason most businesses fail is not actually lack of profits but rather lack of cash flow. And as businesses grapple with the impact of Coronavirus, the message that cash is king has never been more important. Until you now you may have measured any number of things…

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Categories:

  • General
  • Making Tax Digital
  • Uncategorised

COVID-19: The Need For Entrepreneurial Leadership

Now is the time for leadership. Small and medium sized businesses all over the UK are experiencing an unprecedented challenge i.e. to survive in the face of a virus that is causing major economic disruption. At a time like this, if you have a team of people in your business it is vital that you (as the business owner) show…

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Categories:

  • General
  • Making Tax Digital
  • Uncategorised

Making Tax Digital (MTD) Implementation Timeline

As explained in our other blog What is Making Tax Digital?, MTD is an HMRC initiative designed to make sure the UK tax system is effective, efficient and easier for HMRC to administer. HMRC’s aim is to use technology to speed up the collection information about the tax affairs of businesses and individuals. For some background on MTD it may…

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Categories:

  • General
  • Making Tax Digital
  • Uncategorised

What Software Should I Use for MTDfb?

As explained in our other blog What is Making Tax Digital for Business? HMRC’s aim is to use technology to speed up the collection information about the tax affairs of businesses. Rather than asking businesses to file returns annually, HMRC will ask them to submit tax information quarterly or even monthly (in the case of payroll data). As part of…

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Categories:

  • General
  • Making Tax Digital
  • Uncategorised