Blogs
Why corporate responsibility matters!
Corporate responsibility refers to the concept that businesses have a responsibility to act in a socially responsible manner. This includes considering the impact of their activities on the [...]
Spring Budget Update for Small Business Owners
The Spring Budget took place on the 15th March 2023 and it has to be said, on the face of it, was not that exciting. That said, it [...]
Ensuring that the price is right
Small business owners often face a variety of challenges when it comes to pricing their products or services. While it may be tempting to under-price in order to [...]
Help your business survive the tough times by cutting costs
Cutting costs in a small business is a key strategy to improve profitability and ensure sustainability, and it might not be as difficult as you think. Here are [...]
Avoiding the mistakes made by small business owners
The list of reasons that businesses fail is long, and many of these are out of the business owners’ control, but sometimes mistakes are made. Here are the [...]
Why Insolvencies are on the rise and what you can do about it
The latest figures by the UK Insolvency Service reveal there were 22,109 underlying corporate insolvencies in 2022, an increase of 57% from 2021’s statistics. There are several factors contributing [...]
Have you fallen out of love with your business this Valentines?
They say there are 5 stages of love: Attraction – Curiosity – Crisis – Deep Attachment- Commitment But these don’t just apply to l’amour, they can easily be [...]
Supporting Start Up Businesses
Seemingly every day, we read in the news about a new wave of redundancies. When redundancies are high, it follows that the number of new start-up businesses increases [...]
LLP vs Limited Company – Are there tax savings to be had?
With Corporation Tax going up, we have seen an increase in the possibility of using an LLP instead of, or alongside, a Limited Company to mitigate some of [...]
Making Tough Decisions
The worst thing about running a business is the responsibility you feel for keeping everything on track. This responsibility never goes away - it’s always there - in [...]
5 Reasons You Should Invest in Your Small Business Social Media
So, you’ve just made the switch to self-employed life. Amidst finding new clients and getting to grips with doing your taxes, you might not be ready to throw [...]
How to Choose a Business Bank Account
Keeping track of your finances when you run a small business is vital. When you first start your small business, you might find it easier to use your [...]
The Pros and Cons of Offering Performance Rewards
The moment your small business grows to accommodate employees is a crucial time. Finding full-time employees and keeping them on the payroll can be costly, so you must [...]
How to Manage Your Small Business Finances During a Recession
According to many economists, the UK is experiencing the beginnings of a deep recession, which could worsen in 2023. This won’t be welcome news for small business owners [...]
2023 Recession Busting Business Plan
Seemingly we stand on the brink of a recession, we can see the signs everywhere - only well-thought-out, efficient businesses survive recessions. We want this to [...]
Good Financial Information = Business Survival
Running a business can be hard at the best of times and unfortunately, these are not the best of times. The cost of living “crisis”, which has been made worse by [...]
SEO: How Important Is It for My Small Business?
SEO isn’t necessarily your top priority when just starting your business. You might not even know precisely what it is. Does it have something to do with websites? [...]
5 Ways to Improve Customer Satisfaction
Keeping your customers happy is vital for small businesses. You won’t be able to grow your business unless you have loyal, satisfied customers who can spread the word [...]
Cutting fraud in the Construction Industry Scheme
A recent visit by HMRC to one of our clients has highlighted the need for appropriate due diligence around the use of subcontractors in the construction industry, where [...]
What does the budget mean for Small Business Owners?
Following on from the Chancellor’s statement earlier today, we have highlighted the main impacts of the budget below and stated what they mean for you as a small [...]
Get prepared for upcoming changes to VAT penalties and interest charges
VAT penalties and interest charges are changing for everyone who will be submitting VAT returns for accounting periods on or after 1st January 2023. The default surcharge is [...]
Celebrating our 15th Year – looking back
This year Accsys Accountants turns 15. I am pleased to say that we have grown the business every year since we started and have expanded from 1 employee - me, from [...]
The Pros and Cons of Renting an Office for Your Small Business
As your business grows, you’ll need to start scaling up your operations. Taking on employees and growing your customer or client base could mean that you soon need [...]
Equity Financing or Debt Financing: Which is Better for My Business?
Financing a small business is a massive cause of stress for new entrepreneurs. Not only is it a competitive arena, but there are also lots of different types [...]
How to Develop a Successful Marketing Strategy
Marketing is one of the cornerstones of every successful small business. Investing in your website, social media and local advertising will connect you to new customers and become [...]