Businesses are going to have to navigate through an uncertain year in 2023. One thing is certain this year, and that’s uncertainty. Inflation is driving costs higher; interest rates are at their highest level in years and the outlook for the economy is gloomy. To navigate through all of this uncertainty, businesses need to focus…

How to recognise leadership potential in your existing team.Hiring new people can bring fresh thinking and new ideas, however, you may already have the right people in place. Those who take the leadLook for people in your team who get stuck into projects and tend to take the lead, regardless of their seniority (or lack…

Simple and secure password management.Strong and varied passwords are key to effective cyber-security. However, few people can remember all the passwords needed for logging into their various devices, online accounts, cloud services and so forth. That’s where password managers come in. A password manager is an encrypted digital storage vault that stores secure password information…

Welcome to our monthly tax newswire. We hope find the newsletter informative! Please contact us if you wish to discuss any issues in more detail. MAKING TAX DIGITAL FOR INCOME TAX DELAYED AGAIN Making tax digital (MTD) for income tax self-assessment (ITSA) was originally scheduled to start in 2018 and was then put back to…

Building a collaborative culture isn’t easy. If it was, all businesses would be good at Good results are dependent on good relationships. In order to build a collaborative business from the top down, the management team need to build good connections with each other. Talented business leaders may often struggle with collaboration. In many cases,…

Improve your problem-solving skills to help you become a more effective manager In business, critical thinking is the ability to solve problems effectively by gathering key information about the issues at hand, generate further ideas involving a variety of perspectives, evaluating the information using logic and making sure that everyone involved is on board with…

As we begin the new year, we are entering choppy waters. How can businesses maintain growth despite economic headwinds? Growing a business is hard work, particularly during a challenging economic environment. However, now might be the time to increase your market share while your competitors are pulling back. Perhaps some of your competitors are laying…

Key trends in attracting and retaining employees in 2023. As we begin the new year, employers are grappling with numerous challenges such as the cost of living, staff wellbeing, hybrid working and economic headwinds. Lets take a quick look at some of the current employment trends. Hybrid Working Hybrid working has a number of benefits…

For VAT periods starting on or after 1 January 2023, HMRC is replacing the default surcharge with separate VAT penalties for late returns and late payment. At the same time, HMRC is introducing a new approach to charging interest on late-paid VAT. The new points-based system for late submissions is designed to be more lenient for the occasional slip-up,…

Welcome to our monthly tax newswire. We hope find the newsletter informative! Please contact us if you wish to discuss any issues in more detail. NEW YEAR RESOLUTIONS TO SAVE TAX At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before…

Align your sales and marketing efforts to drive revenue growth A sales funnel is the process that a prospect goes through from their first interaction with your business right through until they become a paying customer or client. The objective of a sales funnel is to push qualified prospects from one stage to the next…

The mandatory use of software for MTD ITSA has been pushed back to April 2026. Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) was due to be phased in from April 2024. However, the government, recognising the current economic environment and the significant change that a transition to MTD represents, has pushed this back…