Not sure about the tax implications of giving gifts to your employees? We’ll help you draw up internal guidance to make sure any gifts don’t unintentionally fall outside HMRC’s Trivial Benefits rules... Read more
Tax may be boring, but smart use of tax planning is a superb way to help your company do more with your money... Read more
Do you know your BT from your NT when it comes to Pay As You Earn (PAYE) codes. We’ve got the full lowdown on what these codes mean for your tax and income...Read more
Have you factored in the rise in the National Living Wage from April 2024? Talk to us about managing your business costs and remaining profitable... Read more
When confronted with difficulties or adversity, creating a #BusinessPlan provides clarity and steps to overcome these. Spend time planning to ensure your business is resilient and can overcome future challenges... Read more
Imposter syndrome is a common challenge faced by many business owners. It can hinder personal growth, decision-making, and overall well-being. It impacts 70% of business owners at some point. We look at steps you can take to overcome and move forward... Read more
What story have you told yourself about money? For some, money means freedom and opportunity; for others, it evokes feelings of stress and lack of control. We can help you rewrite your money story so you can achieve... Read more
Consumers are becoming increasingly green in their purchasing habits. So, we’ve pulled out five ways to make your business more green, sustainable, and eco-friendly... Read more
A crisis can expose gaps in a business’s #RiskManagement processes and highlight new risks that need addressing. Developing a Risk Management Plan will help you prepare for whatever unexpected events the future may hold... Read more
2023 provided peaks and troughs like any year. Spend time to reflect on the year that was, reset and plan for 2024. What goals will you be setting and smashing? Read more
Worried about paying your self-assessment tax bill? We’ll review your financial situation and whether you meet the criteria for a time-to-pay arrangement with HMRC... Read more
As 2023 draws to a close, we'd like to thank all of our clients for working with us and look forward to working closely together next year. From our team to yours, have a relaxing and safe holiday break!... Read more
Your organisation collects huge amounts of customer data - but how do you keep this data safe? We’ve got the lowdown on meeting your data compliance requirements... Read more
Not sure if your annual staff function is tax-deductible? Come and talk to us. We’ll explain the rules and can help you claim against your company party costs... Read more
In the Autumn Statement, Chancellor Jeremy Hunt promised 110 measures to grow the economy. We outline the main points... Read more
Are you in the dark when it comes to business taxes? We’ve got the lowdown on the key taxes your new business will need to pay – so you’re on top of your tax liabilities... Read more
We live in uncertain financial times, where running a successful business can be a challenge. We’ve highlighted five strategies for navigating economic uncertainty.. Read more
Get to grips with accounting for depreciation in our Plain English guide to depreciation... Read more
It’s tough at the top, and that’s why you need an experienced business coach to work with. We’ve highlighted the key benefits that an independent coach brings to you and your business... Read more
Do you know the tax implications of a company car? We can explain the impact of a company car on your benefits in kind (BIK) and company taxable costs... Read more
Are you planning to purchase some major fixed assets? Talk to us about the available capital allowances, super-deduction and the potentially positive impact on your cashflow...Read more
Thinking about end-of-life planning might sound morbid. But by planning ahead, you remove the worry and hassle for your loved ones and secure your long-term legacy... Read more
Charging interest on your Directors' Loan Accounts (DLA) could be a smart move, helping you become more tax efficient. Dive into our DLA explainer and find out how... Read more
Do you know the difference between your statutory accounts and your management accounts? We’ve highlighted the main differences and why both are vital information for your business... Read more
Thinking of purchasing a buy-to-let property? Here are 4 key things to consider before you dive into the rental market, with tips on finance, tax planning, and legal structure. Read more
Want to know how to beat the most common business challenges?
We’ve highlighted five common challenges and the simple ways to overcome them. Read more
Supercharge your business with some simple tips. Eliminate distractions & bad customers, get a plan, use tech, deploy marketing and understand your business numbers. We've got lots more ideas to improve performance - talk to us... Read more
Do you know the risks of offering a personal guarantee on a business loan? We’ve outlined all the key risks to think about when entering into a loan agreement.... Read more
Accounting tasks don’t have to eat into your business time. With the right cloud accounting software, you can save time and money – while also getting tighter control over your finances..... Read more
Why wait until the year's end to review your financial results? With regular reports, you can respond quickly to issues and stay on track to achieving your goals! We can generate regular reports and hold you accountable for reviewing them! Read more
Thinking about buying a property through your company? Here are 4 major considerations to have on your radar.... Read more
Offering tax-effective benefits to your employees goes a long way to creating a more satisfied, happy and productive workforce. Talk to us about the available benefits and the tax implications... Read more
Are you planning to purchase some major fixed assets? Talk to us about the available capital allowances, super-deduction and the potentially positive impact on your cashflow... Read more
Planning on selling your limited company business? You have the choice of selling the trade, or selling your shares – but which option is the most tax efficient? Read more
The Chancellor, Jeremy Hunt, in his Spring Budget unveiled the successor to the capital allowances super-deduction which ends on 31 March 2023. This note highlights some planning points arising from this change... Read more
The Spring Budget was more of a sedate affair than an explosion of helpful economic measures. We’ve summarised the main business points and what they could mean for your company... Read more
If you’re selling a property, Principal Private Residence Relief (PPR) needs to be on your radar. Talk to us about how PPR can reduce or eliminate your capital gains tax liability...Read more
Have you factored in the rise in the National Living Wage from April 2023? Talk to us about managing your business costs and remaining profitable... Read more
HMRC have sent ‘nudge’ letters to individuals who they believe have undeclared income from letting holiday homes and short term lets on sites such as Airbnb and Booking.com... Read more
With the tax year-end coming to a close, now is the time to assess your personal tax plan. We’ll help you review your wealth planning and minimise your tax liabilities... Read more
We’ve got 5 simple ways to get more from your finances – by embracing the latest in digital accounting and finance apps... Read more
Buying vs leasing – which one is best for business equipment and plant? How can you figure out the best choice for your situation?... Read more
Conducting a past-year review with an experienced advisor will provide valuable insights for this year's goal-setting. What will you do differently this year to enable your business to thrive?... Read more
Effective goal setting will help you get the very best out of 2023. Our 5 goal-setting tips will help small business owners reach new heighs this year... Read more
Keeping your data safe can be a big worry for The UK's digital businesses. Now’s the ideal
time to get your cyber security reviewed, updated and tightened – before there's a breach!... Read more
Not sure if your annual staff function is tax-deductible? Come and talk to us. We’ll explain the rules and can help you claim against your company party costs.... Read more
Did you know you can give ‘trivial gifts’ to your employees without any tax consequences? But what counts as trivial when it comes to gifts? We explain the rules....Read more
Do you know what ‘payments on account’ are? If you earn income outside of your usual day job, you really need to know about payments on account and how the income tax system works... Read more
Confused about which repair costs for your rental properties are tax deductible? We’ve got your 101 guide to claiming repair expenses, and how to tell if they’re capital or revenue expenditure... Read more
Going digital is a no-brainer for any forward-thinking business. We’ve summarised the big advantages of embracing cloud tech and a digital business model... Read more
Did you know it’s possible to become personally liable for your company taxes? We’ve got the intell re Joint and Several Liability Notices and how they could affect your personal finances... Read more
When economic times are tough, it helps to be in control of your cashflow. We explain how to improve your cashflow – and how this helps you run your business through tough times... Read more
Did you know the new Energy Bill Relief Scheme (EBRS) is about to cut your energy bills? We’ve got a summary of how the EBRS works, plus five ways to help reduce your energy consumption and overheads... Read more
The current increase to National Insurance contributions (NICs) was reversed in the #minibudget. We’ll help you understand the implications and how to adjust your payroll.... Read more
Was Kwasi Kwarteng’s ‘mini budget’, a plan for growth, or a fiscal disaster? We’ve taken a further look and here is the lowdown on all the key measures that were announced on 23 September... Read more
Do you know which business expenses are allowable and which are not? We’ve explained the key allowable and disallowable costs, so you can maximise your tax planning... Read more
Thinking about selling your business? We’ve got some important advice on setting the right goals for your business exit... Read more
The Bank of England is predicting that the UK will fall into recession. We’ve highlighted some of the big economic threats to plan for in the second half of 2022... Read more
Not sure about the tax implications of giving gifts to your employees? We’ll help you draw up internal guidance to make sure any gifts don’t unintentionally fall outside HMRC’s Trivial Benefits rules... Read more
Covid-19 highlighted the importance of managing your cash conversion cycle & reducing how long cash is tied up in the sales process. More money won’t solve your problems if you don’t manage your cash conversion cycle!... Read more
Want to entice your workforce back to the office? We’ve got top tips for making your work environment more inviting and a better place for face-to-face collaboration... Read more
How green is your business? You’ve got to be sustainable if you want to keep up with changing consumer trends – so here are 5 quick ways to get started... Read more
Choosing an electric vehicle (EV) as a company car makes a lot of sense in 2022. We outline the eco and tax benefits of opting for an EV over an internal combustion engine vehicle (ICEV)... Read more
Have you achieved the goal you set out to achieve as a new startup? We’ve posed 5 important questions for you to ask yourself – before you take the next step in your business journey... Read more
We’ve all been doing a lot more remote working in recent times. But have you thought about the security implications of using your device on a public network?.... Read more
Keeping positive cash flow is really important for a small business. Late payments can cause big issues, so stay on top of your invoicing with a proactive strategy. Sometimes it just takes a phone call... Read more
Do you have outstanding directors’ loans to repay? If you’re struggling to make the repayments, writing off the directors’ loan account may be a good solution. We give you the lowdown... Read more
Thinking of buying or renting a new business asset? We’ll help you understand the difference between hire purchase and lease rental (and how each option affects your tax and cashflow)... Read more
Did you know the impact that a poor credit score can have on your business? We’ve highlighted 5 ways to improve your credit rating and reduce your risk level... Read more
Are you feeling burned out from your business? There are some simple strategies to regain enthusiasm. Talk to us about how we can relieve the stress by managing systems, tech, payroll or other financial administration. We'll back your recovery... Read more
A few simple steps can help to cut down your business expenses. We’ll help you spot the areas where costs can be cut and use the latest tech to manage the numbers.... Read more
Would your business fall apart without you? What’s your Plan B in case of accident, illness, or just so you can take an occasional holiday? If you were thinking of selling it, what’s your exit strategy?... Read more
If you’ve just moved from being a sole trader to a director, you may get caught out when withdrawing cash from the business. The rules are different. We’ll help you tick all the right boxes and keep your finances compliant.... Read more
Is your startup ready to scale up? We’ll help you build a viable scale-up plan, with costings, budgets and achievable targets to meet.... Read more
Are you planning on leaving substantial assets to your nearest and dearest? We’ll explain the inheritance tax (IHT) benefits of giving gifts during your lifetime and the benefits of IHT planning.... Read more
Want to expand your business development activity, but don’t know how? We’ll help you highlight the opportunities and draw up the best possible plan for your BD activities....Read more
Have you disclosed your personal income and gains to HMRC? If not, you may need to submit a self-assessment tax return. We explain why and how.... Read more
Business costs are on the rise? Have you factored in the rise in the National Living Wage? Talk to us about managing your business costs and remaining profitable... Read more
Thinking of renting out a room in your house? We can explain the benefits of claiming rent-a-room relief to simplify the tax and admin implications.... Read more
The rates of statutory payments like sick pay and maternity pay go up in April 2022. Are you ready to incorporate these changes when running payroll?... Read more
Inflation is hitting hard – what does it mean for your business? The downsides, a couple of potential positives, and how to get in touch to figure out how much you should raise your prices... Read more
Do you have a remuneration strategy in place? If not, we’ll help you to review your business finances and private wealth and generate a remuneration strategy that’s tax-efficient, straightforward and well-suited to your cash needs...Read more
Did you know that your marital status can have an impact on your tax position? Book a financial health check with us to find out how your relationship status may affect the tax you pay... Read more
Are you planning on disposing of a residential property? We’ll help you understand the Capital Gains Tax (CGT) implications and can help you apply for any relevant tax reliefs..... Read more
Are you ready for the extension to Making Tax Digital? If you’re VAT-registered, or submit a self-assessment income tax return, now’s the time to start preparing. Get in touch for the details... Read more
Effective goal setting will help you get the very best out of the year. Our 5 goal-setting tips will help small business owners reach new highs.... Read more
Worried about paying your self-assessment tax bill? We’ll review your financial situation and advise you on whether you meet the criteria for a time-to-pay arrangement with HMRC... Read more
Did you know you can give ‘trivial gifts’ to your employees without any tax consequences? But what counts as trivial when it comes to gifts? We explain the rules....Read more
It’s time to start thinking about Christmas gifts – how should you reward your team and thank your top customers?
We've got some ideas and can help you run the numbers for your Christmas budget.... Read more
Not sure if your annual staff function is tax-deductible? Come and talk to us. We’ll explain the rules and can help you claim against your company party costs.... Read more
Looking to scale your business? Many leaders focus on improving systems and teams, but you must also scale yourself to meet the new demands on your time and attention. We can help develop your #LeadershipSkills for your next business frontier.!... Read more
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... Read more
Do you have direct debits and online payments set up to make it easy for your customers to pay you? Talk to us today about implementing online payment systems to reduce admin time, improve the accuracy of your accounts and get paid quicker... Read more
Are you planning to purchase some major fixed assets? Talk to us about the available capital allowances, super-deduction and the potentially positive impact on your cashflow...Read more
The Recovery Loan Scheme (RLS) has been extended until June 2022. We’ll help you gauge your eligibility and provide the financial projections needed by approved RLS lenders... Read more
Gen Z now make up 24% of the workforce – but is your business culture attuned to the needs of this new generation? Find out how to evolve your company and attract Gen Z talent... Read more
Keeping your data safe can be a big worry for today’s digital businesses. Now’s the ideal
time to get your cyber security reviewed, updated and tightened – before there's a breach!... Read more
Are you a business owner? It’s important to redefine your plan and goals to ensure the business delivers your revised definition of personal, business, and team success. Get in touch to redefine success and set goals to achieve this... Read more
Increases to National Insurance contributions (NICs) are on the way. But do you know the full implications for you and your business? We’ve got the lowdown!... Read more
Do you have a remuneration strategy in place? If not, we’ll help you to review your business finances and private wealth and generate a remuneration strategy that’s tax-efficient, straightforward and well-suited to your cash needs!... Read more
We’ve put together a list of the most common cash flow mistakes business owners make so that you can avoid these traps and keep your company in good financial stead... Read more
Growing your small business can be challenging and there’s a lot to think about. However, you didn’t go into business by yourself to take the easy route and there are plenty of things you can do to grow your revenue. Let’s take a look at four of the most effective ways to dramatically increase your turnover... Read more
Let us tell you about the Now, Where, How mindset that help will help you recognise where you are now, then clarify where you want to be in the future, and determine how your going to get there!... Read more
When you head up a limited company, there will come a time where one of your current shareholders wants to retire from the company. A share buyback is one way to deal with this. Let us help you understand this better!... Read more
If you run your own business, it’s tempting to bring in your own family into the company. But it’s important to think through both the positive and negative implications of employing your family. Let us Break it down for you!...Read more
A business cash flow forecast will give you vital business intelligence to help you scenario-plan, search for cost-savings and look for strategies that will preserve your cashflow position... Read more
Your purpose is three to seven words explaining why your business exists for your customers; it should be about them, not you. It is a small statement with immense power - your reason for being. Let us show you how you can think smarter!... Read more
As a small business owner, cash flow may well feel like the bane of your life but we have seven strategies to make this process easier and ensure that your company stays on track for financial success. Let’s take a look... Read more
In 1961, landing on the moon seemed impossible. The Man on the Moon Principle breaks massive goals into milestones or smaller goals to aim towards on the way to achieving an ultimate goal. Need help achieving yours?...Read more
Success in 2021 will look different to previous years. Have you defined what success looks like for you in 2021? Are you focusing on what you can control? We can help you with your plan and hold you accountable to achieving it...Read more
The time has come to start paying back the capital and the interest on the loans that you took out in the early days of Covid. So, what can you do if you are unable to pay back the loan? Let us explain the options available to you...Read more
Successful businesses focus on their why rather than what they do. The Golden Circle, developed by #SimonSinek shows that articulating your why attracts the right fit team and customers. What’s your why?...Read more
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? We can help with tailored accountability coaching!... Read more
There’s always room for improvement at the margin; small tweaks can massively boost your bottom line! How much extra would a 1% increase in gross margin give you?... Read more
A business cash flow forecast will give you vital business intelligence to help you scenario-plan, search for cost-savings and look for strategies that will preserve your cashflow position... Read more
Covid has been a powerful catalyst for change. Going forward, how can we consciously use the process of change to continuously improve our business? Use the 5 A’s of Change: Awareness, Acceptance, Action, Accountability & Acknowledgement... Read more
Do you know the rules around director’s loans? If you withdraw money from your company other than for salaries or declared dividends, you should come and talk to us... Read more
Is your business carrying out R&D work? If so, you may be eligible for a research and development tax relief. We’ll let you know if your R&D work is eligible and can also help you prepare a claim... Read more
Applying for funding is tough. Ensure you have all the data to prove the viability of your business, in order to secure the support. We have the experience and tools to help with your funding drive... Read more
(published 19.03.2021)
The IR35 off-payroll working rules are changing. If you’re a contractor, come and talk to us about the impact on your work status, income and tax liabilities... Read more
(published 12.03.2021)
Want to embrace the future of work? Talk to us about reviewing your business model, software systems, and people strategy to help you get ready for hybrid working... Read more
(published 08.3.2021)
Chancellor Rishi Sunak unveiled the contents of his Budget in the House of Commons last week. Declaring that he will do “whatever it takes” to help business and people through the “moment of crisis” caused by the coronavirus pandemic, Sunak laid out a three-point economic plan to fix the public finances and build the future economy... Read more
(published 5.3.2021)
With the tax year-end coming to a close, now is the time to assess your personal tax plan. We’ll help you review your wealth planning and minimise your tax liabilities... Read more
(published 26.02.2021)
Did you defer your VAT bill? The good news is that there’s a new HMRC payment scheme for paying your deferred VAT. Talk to your accountants or us to find out more... Read more
(published 12.02.2021)
It’s been a tough time, both financially and operationally, for the UK’s small businesses. So, getting an injection of additional funding into your business may be something that would greatly improve your cashflow, working capital and ability to ride out the Covid crisis... Read more
(published 05.2.2021)
Are you hitting the right price point? We’ll analyse your current pricing strategy, review your prices and suggest the best way to improve your margins and profitability.... Read more
(published 29.1.2021)
Coping with a sudden downturn is no walk in the park. If you’re looking to improve your business planning or improve your financial model, do come and talk to us... Read more
(published 22.01.2021)
Using technology to streamline your processes and systems increases efficiency, saving time and money, and reducing stress. Need help to identify how you can use technology to make your business more sustainable, scalable, and saleable?... Read more
(published 06.01.2021)
There are thousands of books written about leadership. We’ve distilled some lessons from some of them into the acronym JUST FOR ME - nine things within your control to help you become a more effective leader... Read more
(published 20.11.2020)
As accountants, we're always helping our clients find ways to reduce their overhead costs - one of the seven ways to grow your business. Did you know that your accounting fees are an overhead cost? Should you be cutting this cost? Or do you view us as an investment?... Read more
(published 28.10.2020)
When you started your business, you probably dreamed about flexible hours and highly profitable, stimulating work... Read more
(published 21.10.2020)
Do you understand the story your Balance Sheet tells about your business? It’s important you understand the components of your Balance Sheet and the key ratios that measure the health of your business... Read more
(published 13.10.2020)
Your business may be profitable but is it solvent? Your Balance Sheet is a key indicator of solvency, neglect it at your peril! Profitable businesses can & do go broke... Read more
(published 28.9.2020)
The Covid-19 crisis has created a “new normal” for businesses. Traditional ways of working are being challenged and we now need to innovate, adapt, re-engineer, and reinvent the way we work... Read more
(published 19.8.2020)
With the right data analysis and forecasting tools, you can project sales, cash, revenue, and profits into the future – and get in control of your business... Read more
(published 14.8.2020)
What actually drives the revenue levels? And how do you get in control of these drivers?... Read more
(published 11.8.2020)
It’s vital for businesses to free up as much cash as possible, particularly in these tough economic times. Your ‘lock-up days’ is the number of days it takes to convert your debtors, stock, and work in progress into cash... Read more
(published 7.8.2020)
If you sell stock or inventory, it’s essential you understand stock turn and how to increase it. Obsolete, or ‘dead’ stock will harm your cash flow and your ability to increase profit, particularly in a slower-moving economy... Read more
(published 4.8.2020)
If you are not taking the time to look over your financial reports either because you’re too busy, or perhaps you don’t really understand what you’re looking at and it doesn’t make sense to you, then here are 6 reasons we recommend that you should start to... Read more
(published 31.7.2020)
The purpose of a business is to make money, and that means you have to know the difference between profit and cashflow... Read more
(published 28.7.2020)
A business budget is one of the essential tools in managing your business finances and actively building your business... Read more
(published 24.7.2020)
If cash-flow is the lifeblood of your business, then working capital is the health check you should regularly undertake to keep your business alive... Read more
(published 21.7.2020)
To make a success of your business, you’re going to need a robust business plan - particularly as we face challenging times. With a one-page business plan behind you, the company has a real sense of strategic direction and a set of core goals to refer to and track against... Read more
(published 26.6.2020)
During times of crisis, we’re forced to reinvent the way we work and what we work on to remain sustainable. From technology adoption to product innovation and blowing up stale processes, a crisis forces us to start with a fresh page and plan for a better, more resilient business... Read more
(published 23.6.2020)
The challenges you face provide opportunities to learn and grow and might give you the ability to set your business apart... Read more
(published 19.6.2020)
Managing the gap between receiving money into your business and paying money out of your business is vital for sustaining viability... Read more
(published 26.5.2020)
We’re trading in challenging times at present. And knowing what step to take next is a key worry... Read more
(published 09.5.2020)
A cash flow forecast is an important tool for business planning. And right now, understanding the cash coming in and going out of your business is vital... Read more
8 Freetrade House, Lowther Road, Stanmore, Middlesex, HA71EP
0208 204 9911 | info@paul.co.uk
© 2020 Paul & Co (Accountants) Ltd. All rights reserved by V K Paul. Privacy Policy
