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The Benefits of being a Limited Company v’s Sole Trader
The Key Benefits of being a Limited Company versus a Sole Trader At Glow Accounts, we are often asked by new ‘start-up’ businesses: ‘Is it better to set up a limited company or sole trader?’. ...
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The Construction Industry Scheme (CIS)
What is CIS? Introduced by HMRC to reduce tax evasion, The Construction Industry Scheme (CIS) is a set of rules and regulations that apply to contractors and subcontractors who work in the construction industry. How ...
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All Change for 2023!
You are probably aware by now, that from April 2023 the main rate of Corporation Tax will rise from 19% to 25%. The current rate of 19% will still apply if your profits are £50,000 ...
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HMRC’s new late VAT penalties
If your business is registered for VAT, you need to be aware of this change to HMRC’s penalty regime for late filing. As of 1st January 2023 HMRC has introduced a new points based penalty ...
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New Year’s Resolutions for SME’s!
As we start 2023, now is the perfect time to re-evaluate your business, its’ goals and its’ challenges. New Year’s resolutions may be a little cliché, but they can be thought of as a good ...
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A 7-point checklist to help you combat Christmas stress in your workforce
Although Christmas is a magical time of year full of celebration and quality time with family and friends, it can cause stress too. Beyond just the pressure of gift buying and financial stress, the month ...
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How inflation can impact your business’s long term health
Brexit and Covid combined have led to some unpleasant aftershocks for small businesses. These include staff shortages and also spiralling wage and raw material costs. This article will look at what this means for your ...
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3 fool-proof ways to get your team to embrace outsourcing
When business owners start to use outsourcing, and they start to use it often enough that it takes some work away from permanent employees, they may experience some resistance from their team. The main concerns ...
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How working with family promotes honesty (and why that’s good for business)
Employees are sometimes afraid to voice their opinions. The same goes for disappointments, frustrations or general ideas, especially when it comes to changing the way things are done. As you can imagine, this can be ...
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How to set KPI’s for your company and individuals within
In today’s business world, it is more important than ever to set key performance indicators (KPIs) for your firm and team. Why? Because KPIs are metrics that tell you if what you’re doing is working ...
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How new or early-stage businesses will benefit from using an Accountant
According to business start-up statistics in the UK, 20% of businesses fail in their first year and around 60% will go bust within their first three years. Approximately 660,000 new start-ups register in the UK ...
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4 ways to recession-proof your business
Change your mindset (and quickly) Henry Ford said “whether you think you can or you think you can’t, you’re right” and it’s true. If during the recession, you think that you are going to come ...
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