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Why 71% of SMEs Use Personal Finances for Business: Risks, Solutions & Expert Advice
In recent years, a growing number of UK SMEs have turned to personal finances to support their business operations and growth, as traditional financing options from banks become increasingly restrictive. This article explores why SMEs ...
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Companies House Scams: How to Spot, Avoid and Protect Your Business
With the increasing prevalence of scams targeting businesses in the UK, it is essential to stay vigilant, especially when it comes to fraudulent schemes impersonating government entities such as Companies House. Business owners often receive ...
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Voluntary Liquidations ‘Out of Control’ as UK Businesses Face Tough Trading Conditions
The UK business landscape has been under increasing pressure over the past decade, with many companies choosing to enter voluntary liquidation rather than face compulsory liquidation or winding-up petitions. The sharp rise in voluntary liquidations ...
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Self Assessment: Your Guide to Meeting the 5 October Deadline
The 5 October deadline for registering for Self Assessment with HMRC is fast approaching. For individuals who have not yet submitted a tax return before, registering for Self Assessment is essential to avoid penalties and ...
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Understanding VAT Thresholds in 2024: A Complete Guide for UK Businesses
For businesses operating in the UK, understanding VAT (Value Added Tax) and meeting compliance requirements is critical. VAT is a consumption tax applied to most goods and services, and when your business crosses a certain ...
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Unlocking Business Growth with Xero: A Guide by Glow Accounts
In today’s dynamic business landscape, having the right tools and partners is essential for success. At Glow Accounts, we specialise in leveraging Xero—one of the most powerful cloud-based accounting platforms available—to help businesses streamline their ...
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Adapting Your Small Business Finances to Economic Shifts in 2024
The economic landscape in 2024 presents unique challenges and opportunities for small businesses. With recent changes such as the Bank of England’s interest rate cuts and a notable decline in new tech startups, small business ...
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Advantages of Being a Sole Trader
Choosing the right business structure is a critical decision for anyone venturing into self-employment. Among the various options, becoming a sole trader is one of the simplest and most popular forms. This article delves into ...
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Holiday Pay Entitlement in the UK: What You Need to Know
Understanding holiday pay entitlement is essential for both employers and employees in the UK. Ensuring compliance with legal requirements not only fosters a fair workplace but also helps avoid potential disputes and penalties. According to ...
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The Importance of Accurate Payroll Management and How Payroll Accountants Can Help
Accurate payroll management is crucial for any business, regardless of size. Payroll errors can lead to significant consequences, including financial penalties, employee dissatisfaction, and damage to your company’s reputation. According to a recent article from ...
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What can Management Accounting do for your Business?
Running a successful business is like juggling multiple balls: boosting sales, trimming expenses, and expanding your customer base. Staying ahead of the curve is crucial for success and there’s one ball that often gets overlooked—the ...
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Understanding Business Scaling: A Guide for Entrepreneurs
The term “scaling” gets tossed around a lot in the business world and online sphere, but what does it really mean? Scaling isn’t just about making more money; it’s about automating and expanding your business’s ...
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