From 1st Jan 2024, HRMC will be able to access and view your incomes on digital platforms like Airbnb, Etsy, Upwork, Uber etc. If any of you have a side hustle that you haven’t yet got around to declaring on your self-assessment Tax Return, then now is a good time. HMRC’s [...]
It was with great sadness that I woke up to the news of Matthew Perry passing last Sunday. Like most of us I was glued to Friends in the 90’s, and then again in the 00’s, and again recently as my children discovered it. Chandler was an amazing character, his one-liners [...]
When Steve Wright, the owner of Kent Brushes, learned that he had just been victim of a fraud his heart dropped. When he found out it was £1.6m lost, he was in disbelief. According to this recent article in the BBC, he took immediate action and reported it to his bank [...]
So, you have decided it is the right time to sell. But is your business ready to sell and what can you do to maximise its value? Getting your business ready for sale isn't something to be rushed. It takes some careful preparation to make sure you get the best value [...]
You have worked hard building a business but are now considering whether it’s time to sell – to cash out and move on. Here at Accsys Accountants we have seen, and been involved with, many clients who have decided enough is enough and sold their businesses. There are many reasons that [...]
Corporation Tax is now taxed in bands. As the image below shows, profits above £250k are taxed at 25%, those below £50k at 19% and profits that fall in between are taxed at a hybrid rate of the two. But these bands are reduced by the number of companies that each [...]
In today’s fast-paced business world, staying competitive and maximising revenue is a top priority for small businesses. One strategy that’s gaining traction is dynamic pricing. This approach involves adjusting the price of products or services in real-time based on various factors. While it might sound like something only big corporations can [...]
As an accountant running my own practice, I often advise business owners on how to run better businesses and become better business owners. This advice is not limited to financial matters; it also encompasses cultivating positive habits, and avoiding negative ones, that can significantly impact the success and sustainability of their [...]
In a meeting this week, a client said this to me. He had sold a successful business to start up a new venture and was feeling the pain that the challenge of a startup brings. I thought about what he was saying, and I think he meant that whilst each venture [...]
In the realm of business, small business owners must wield the art of effective planning to ensure success in the face of challenges and opportunities. The adage "Proper Planning Prevents Poor Performance" encapsulates the essence of this crucial practice. Let's look at the origins of this saying and explore how its [...]
