HMRC’s Deadline Is Not Our Deadline
Posted 11 months ago
It’s the 6th of April today which means as one tax year starts, another has finished. Let’s get organised to make filing your 2022/23 return a doddle
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It’s a big, wide business world out there. And there’s nothing we like better than sharing our thoughts on helping businesses grow, what’s happening in accountancy, tax and finance and what inspires us to do what we do.
Whether you’re after an insight into the way we think, a few tips to help your business, an update on the latest developments or just a good read, here are a few of our latest thoughts.
Posted 11 months ago
It’s the 6th of April today which means as one tax year starts, another has finished. Let’s get organised to make filing your 2022/23 return a doddle
Posted 12 months ago
Jeremy Hunt outlined his Spring Budget with very few major tax changes but still some key points to be aware of
Posted 12 months ago
The National Minimum Wage increases from 1 April 2023 with notable increases which may catch out some employers.
Posted 1 year ago
It’s time to review your financial goals and arrange your tax affairs to minimise your tax exposure with tax-saving opportunities before the 5th of April
Posted 1 year ago
Understanding the basics is important when learning to run an effective business. This series gives you all the information you need to get started.
Posted 1 year ago
Planning on selling any large assets? We’ve got everything you need to know about Capital Gains Tax (CGT) and the impact it can have on your wealth planning as a director.
Posted 1 year ago
As a director, it’s important to keep on top of your personal tax liabilities. We can look after your company taxes and ensure your personal taxes are in order too.
Posted 1 year ago
When you’re an unincorporated business, it’s important to be in control of your tax planning. We’ll help you navigate this and manage your position in a tax-efficient way.
Posted 1 year ago
Is corporation tax causing confusion in your business? We’ve got the lowdown on how corporation tax works and when your company will need to pay.
Posted 1 year ago
Is VAT a mystery to you? We’ve got a simple overview of the basics of VAT, so you know how to apply the tax, the available schemes and how to maximise the impact of VAT
Posted 1 year ago
Are you taking on your first employees? Do you know your pay-as-you-earn (PAYE) requirements? We’ll help you set up your payroll and get your PAYE up and running
Posted 1 year ago
There are 4 key systems that you need in your business to help drive growth, efficiency and profitability.
Posted 1 year ago
Implementing strategies & designing systems to achieve business goals is an important step towards unlocking business potential.
Posted 1 year ago
Forget about setting goals. Focus on this instead.
Posted 1 year ago
Here we are again, the start of a new year. Will it be New Year, new me? Motivation won’t get you where you need to be but discipline & consistency will
Posted 1 year ago
Tax advice & tax reliefs are areas often overlooked when businesses are experiencing financial hardship. But tax is a very real cost to businesses and any opportunities to save it should be explored.
Posted 1 year ago
Regularly reporting and monitoring your results leads to better decision making. The more you understand your business, the easier it is to make more money or reduce your hours.
Posted 1 year ago
Be proactive in managing your cashflow! A Cashflow Forecast is essential. It should be part of the day-to-day and long-term planning for your business.
Posted 1 year ago
We all know that sales are key to driving a successful business. But it is marketing which is the precursor to generating sales. Find out how to become Oversubscribed.
Posted 1 year ago
Your psychology will be the key factor in a recession, not the economy. Mindset will play a huge role in the next 12 months.
Posted 1 year ago
In his autumn statement, Chancellor Jeremy Hunt says the budget plans to plan to tackle the cost of living crisis and rebuild the UK economy. We outline the main points. #budget #autumnstatement
Posted 1 year ago
Was setting your own hours a draw to owning a business? In reality, do you work more than ever before? We can help you free up time to spend on better things
Posted 1 year ago
The last few years have changed our priorities and work-life balance is more important than ever. It’s extra-tough if you’re a business owner who works long hours – so how can you reclaim some of your time?
Posted 1 year ago
Feeling like a slave to your business? It’s your business, you make the rules. No more excuses! What do you need to do to regain control?
Posted 1 year ago
OARBED is a powerful behaviour model depicting three winning behaviours and three responses that’ll sink your team.
Posted 1 year ago
Constantly fighting fires in your business? Not all URGENT tasks are important! The Achiever Matrix helps you prioritise tasks based on their importance to free your time.
Posted 1 year ago
Owning a business is stressful. We want to help you reduce your stress levels so you can sleep better at night and live life on your terms
Posted 1 year ago
Freedom is the oxygen of the soul. Is your business destroying your freedom? Don’t neglect the other important things in your life. Whether you’re looking for #FinancialFreedom, #TimeFreedom or #MindFreedom – we can help you achieve all three
Posted 1 year ago
A mini-Budget was announced on Friday 23rd September. Find out all about the main changes, together with some interesting WW2 references
Posted 2 years ago
If current sales levels can’t support your overheads and other cash demands, your business isn’t viable in its current state. We can help you develop a plan to increase your sales & hold you accountable to doing so! #Cashflow
Posted 2 years ago
Are your stock levels stifling cashflow in your business? Low stock turn means full shelves and an empty bank account. We can help you unlock more cash in your business #Cashflow
Posted 2 years ago
The right debt and capital structure makes a huge difference to the cashflow in your business. We can help you prepare a Cashflow Forecast and make simple changes to give you more cash. Get in touch! #Cashflow
Posted 2 years ago
Do you understand your cash lockup? Having your cash locked up in WIP or accounts receivable is a key cause of poor cashflow. We can help you create a Cashflow Management Plan and show you what’s possible, in cold hard cash! #Cashflow
Posted 2 years ago
Are you in control of the spending in your business? Do you set budgets and monitor them monthly? We can help you trim the fat but not the muscle when it comes to reviewing your expenses. Get in touch to find out how! #Cashflow
Posted 2 years ago
When did you last review your accounts payable process? Have you compared your current suppliers’ pricing with competitors’ prices? Don’t pay more than you need to. Talk to us about how we can help maximise your #Cashflow
Posted 2 years ago
Don’t let poor margins destroy your cashflow and working capital. Small changes can have a massive impact on your gross profit margin & put more cash in your bank account. We’ll show you the best strategies to do this #Cashflow
Posted 2 years ago
Be proactive in managing your cashflow! An annual Cashflow Forecast is essential for every business. Don’t just wait for the bank to request one; it should be prepared every year to aid your planning and decision-making
Posted 2 years ago
Every business owner has a real-life number. It is everything behind the scenes, that you are working towards in your real life, things like your next house, next big investment, or your pension pot.
Posted 2 years ago
As a business owner, I want to build a really good future for myself and my partner. That involves making sure I’m aware of all the right things so we can achieve what we set out to. One of the ways to do this is through a Tax Diagnostic.
Posted 2 years ago
A question I get asked all the time is: ‘What can I take out of my business?’ and ‘how do I save more tax?’ Well, the quick answer is, ‘there’s up to 32 ways to get value out of your business, tax efficiently.’
Posted 2 years ago
There’s an unspoken truth when it comes to tax advice: for business owners, there’s a complete lack of transparency from advisors over what tax advice actually is.
Posted 2 years ago
It’s crazy how many businesses have no idea the projects they are working on qualify for R&D. Here’s some case studies where we’ve uncovered secret R&D….and a cash refund!
Posted 2 years ago
Find out more about Patent Box Relief, whether you should be claiming it and how it will interact with your R&D Tax Relief claim
Posted 2 years ago
Posted 2 years ago
There are many routes to gain funding for your R&D projects, but how will that funding affect your R&D Claim?
Posted 2 years ago
Are you claiming for all eligible R&D projects, including those that have failed? Discover four points to consider if an R&D project fails
Posted 2 years ago
Discover four ways to bring forward your R&D Tax refund, and get your money back even earlier.
Posted 2 years ago
Find out all the detail in the Chancellor’s Spring Statement, with changes to NIC, R&D and fuel duty reductions
Posted 2 years ago
Whether you’re a subcontractor, or contractor; discover eight rules that could affect your R&D Tax Relief claim, where subcontracting is involved
Posted 2 years ago
Did you know, not all software costs qualify for R&D tax relief? Get familiar with the rules and exceptions for your R&D claim
Posted 2 years ago
Discover 14 quick wins to ensure you are taking your R&D Tax Relief claim to the max
Posted 2 years ago
We can’t decide for you, but we can equip you with everything we know to help you decide whether your R&D project activity is better in-house or outsourced
Posted 2 years ago
Find out how to get a better understanding of what R&D costs qualify earlier, for more accurate cashflow forecasting and planning for future investment
Posted 2 years ago
Find out the optimum time to make your R&D Tax Relief claim, and the R&D claim timeframes that you need to know
Posted 2 years ago
Eliminate or better manage your fixed costs to improve your business and its profitability
Posted 2 years ago
Increase your margin by improving efficiency to reduce the costs that go into your product
Posted 2 years ago
The National Minimum Wage increases from 1 April 2022 with notable increases which may catch out some employers.
Posted 2 years ago
Help your customers buy additional products or services or bigger volumes
Posted 2 years ago
Driving your engage with your customers will encourage them to buy from you more often
Posted 2 years ago
Get more of your prospects to buy from you by following up effectively and building rapport.
Posted 2 years ago
Gain more enquiries from people who are not yet customers with improved marketing strategies.
Posted 2 years ago
Good service leads to multiple sales. If you take good care of your customers, they will open doors you could never open by yourself.
Posted 2 years ago
Looking to grow your business? We can help you with 7 ways to grow your business, the first 5 grow your sales, the last 2 reduce costs. Which of the 7 ways will you focus on first?
Posted 2 years ago
If you struggle to make habits stick, stop focusing on habit outcomes and consciously adapt your identity to be the person that aligns with your habit.
Posted 2 years ago
What activities fill your ‘well of happiness’? Happiness is essential to your success!
Posted 2 years ago
You monitor your car’s dashboard to avoid running out of gas or blowing up your engine… but do you monitor your business’s dashboard?
Posted 2 years ago
Referrals are the easiest way to generate new business, and building strong networks is a great way to generate referrals. Networking and referrals are cost-effective ways to grow your business, as the return on investment can be huge.
Posted 2 years ago
Do you find yourself setting goals but struggle to achieve them? Need accountability? A bit like a personal trainer for your business, find someone independent who’ll hold you to account and ensure you reach your endgame!
Posted 2 years ago
Are there signs of toxicity in your business? A toxic workplace culture will inhibit the success of your business. Be a better leader and build a stronger culture.
Posted 2 years ago
Are you the bottleneck in your business? How many departments are you leading? Are you doing a good job of them all? Get the right organisation structure in place and you’ll free up your time and reduce stress.
Posted 2 years ago
Don’t be a slave to your business! Create a plan so you can extract what you want from your business.
Posted 2 years ago
Reflecting on your business’s vulnerabilities and defining where your business is at, warts and all, is a crucial step to #BuildABetterBusiness. Knowing your starting point will clarify how you’ll reach your endgame.
Posted 2 years ago
Being open to new learning is an essential part of building a better business. Where could you extend your knowledge? Set a target and get learning!
Posted 2 years ago
You can’t build a better business without defining exactly what you want. Your business is there to serve you, not the other way around!
Posted 2 years ago
Our success in life depends largely on our mindset. We take a look at “Be, Do, Have” as a better way to achieve your goals in life.
Posted 2 years ago
Budget 2021 – delivered with the confidence of a victory lap but does it stack up, does it address the real issues and what is the impact on taxpayers.
Posted 2 years ago
The Prime Minister announced increases to National Insurance from 6th April 2022. At first glance, only a small increase but digging a little deeper it becomes clear that the tax rises are wider reaching measures.
Posted 3 years ago
Calculating the optimum director’s salary for 2021/22 may look straightforward but there’s a lot in play to get to the right figure – a review of individual circumstances will achieve that tax optimisation.
Posted 3 years ago
The National Minimum Wage increases from 1 April 2021 with changes for 23 and 24 year olds which may catch out some employers.
Posted 3 years ago
Budget 2021 – it was always going to be a tricky one to navigate for the Chancellor – not many surprises but the detail shows how they plan to recover the deficit.
Posted 3 years ago
Don’t get bogged down in VAT & Brexit. Trust us, we did and it wasn’t pretty!
Posted 3 years ago
The VAT Deferral New Payment Scheme will be open from 23rd February 2021 to allow VAT deferred from 2020 to be spread in equal instalments up to 31st March 2022.
Posted 3 years ago
The minimum job placement requirement to qualify for the Kickstart Scheme has been removed – fantastic news for small businesses!
Posted 3 years ago
Big changes are scheduled to be implemented on 1st March 2021 for VAT registered businesses operating in the Construction Industry. A handy flowchart and examples to guide you through the detail.
Posted 3 years ago
Lockdown 3.0 – a familiar sequel with new business support measures announced by The Chancellor.
Posted 3 years ago
Posted 3 years ago
The 3rd SEISS grant has significant criteria differences to the 1st & 2nd grants. Don’t give Rishi an excuse to “make you an offer you can’t refuse”.
Posted 3 years ago
Countless changes to furlough in the last few months but maybe we’ve finally got to a point where we know what Winter support will look like for employees and the self-employed.
Posted 3 years ago
Here we go again…..it’s Lockdown 2. An offer of a helping hand and getting hold of the controllables.
Posted 3 years ago
Yesterday, The Chancellor made changes to previously announced support schemes to assist with businesses with job retention and grant funding over the Winter months – we give you a summary of the main changes & improvements.
Posted 3 years ago
An A-Z help guide to the expenses that can be claimed by sole traders & partnerships.
Posted 3 years ago
An A-Z help guide to the expenses that can be claimed by a limited company.
Posted 3 years ago
A summary of the new package of measure announced on 24 September 2020 to support the economy during Winter 2020.
Posted 3 years ago
We’ve all heard of the Fight-Flight response but there’s another “F” in play which might be holding us back
Posted 3 years ago
Elevate’s quarterly tax update keeping you on top of all recent developments and news in the world of tax
Posted 3 years ago
The eagerly awaited details on the Kickstart Scheme are released but the practicalities for small businesses are all too plain to see.
Posted 4 years ago
A brief update on the main points raised in the Chancellor’s Summer Statement.
Posted 4 years ago
A quick video running through a new feature recently released by Xero – Business Snapshot.
Posted 4 years ago
Changing your accountant is a big decision. Will the grass really be greener? Better the devil you know and all that!
Posted 4 years ago
The Coronavirus situation has three stages for businesses. Survive, Revive and Thrive.
Posted 4 years ago
A man on a walk, talking you through all the recent tax reliefs on offer from HMRC in light of the COVID crisis.
Posted 4 years ago
Practical positivity in a world gone crazy – a few easy steps to get your sh*t together!
Posted 5 years ago
The world has become “live” and “on-demand” – how to make sure your business is doing the same, delivering you tomorrow’s news
Posted 5 years ago
Find out about the key budget changes in 2019/20 that will have an impact on both individuals and businesses.
Posted 5 years ago
Think Positive – A positive mindset is crucial, not only for business success, but for a successful life in general.
Posted 5 years ago
The way that businesses and individuals report their figures to HMRC is changing with ‘Making Tax Digital’. Find out how.
Posted 5 years ago
It can be a daunting time when setting out on the journey of starting a new business. Here are some of our top new business tips.
