Operating costs have increased for 90% of businesses according to a new survey from the Federation of Small Businesses.
Almost half of the British companies surveyed said that rising costs would stall growth this year.
Rising food and fuel costs pushed inflation to a 30 year peak in February this year. A study from Cornwall Insight, meanwhile, showed that business gas prices increased 250% in the first quarter of 2022, compared to the same period last year.
Are you a contractor? Do you plan on working through your own limited company in the 2021/22 tax year? New IR35 rules could mean that it’s time to rethink the limited way of working.
In case you haven’t heard, there’s been some big changes to the way IR35 rules are applied to contractors working with large and medium sized businesses.
Originally conceived in the United States, Black Friday has grown to become a shopping event right here in the UK.
Less than a month before Christmas, the shopping day is traditionally a bargain hunter’s dream come true. Recent years have seen hordes of shoppers crushing into supermarkets and department stores, racing to get their hands on a hot new gadget or flatscreen TV.
CloudAccountant.co.uk have of course been putting together comprehensive plans to ensure that we are fully prepared for whatever the next few months brings. The planning has considered all key parts of our business.
HMRC paid Amazon £11 million for web hosting services in 2018, more than six times the £1.7 million than Amazon’s main UK business paid in corporation tax.
A new report from the GMB union reveals that Amazon received more than £460 million worth of public contracts in the last four years.
What is the super deduction?
Businesses can claim 130% first year relief on qualifying plant and machinery bought between 1st April 2021 and 31st March 2023. Under the super deduction, for every pound a company invests, their taxes are cut by up to 25p. The government announced this as part of the 2021 Budget in March, in the hope that the scheme will encourage business investment and stimulate economic growth. The super deduction scheme is only available to Limited Companies. Unfortunately sole traders cannot benefit. To give an example of the available savings, if you spend £100,000, the corporation tax deduction will be £130,000. You will save 19% on £130,000, which is £24,700.
The new lockdown means that the team are working remotely but rest assured this won’t have an adverse impact on service levels. We’re confident we can maintain the level of service and customer care we pride ourselves in along with the capacity to support our accountancy clients.
Businesses selling food, drink and physical products aren’t too late to get online and take advantage of a boom in eCommerce.
Some of these companies have been the worst affected by lockdown and many have pivoted towards online sales during the coronavirus pandemic. Reopening is now on the horizon for many businesses, but online sales could provide vital income support for companies that think they may struggle over the coming months.
Nobody gets into because they love accountancy. But if you want your new venture to succeed and grow, you can’t afford to ignore the finances.
Bookkeeping and taxes can be scary for first-time business owners, but it isn’t too tricky as long as you pay attention to the basics.
In this blog post we share some business finance fundamentals that you need to get right if you want to sell online successfully.
FreeAgent have launched their new and improved Partner Programme and CloudAccountant.co.uk have been awarded FreeAgent Platinum Partner status.
FreeAgent wanted to develop a partner programme that meets the expectations of increasingly successful partners like CloudAccountant, with a more rewarding and achievable programme.
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