How can Help to Buy help?

Help to Buy is a Government-backed scheme set up to help people buy a home with less of the financial burden associated with what is most often the largest purchase any of us will make in our lifetime.  The Scheme has been in operation since 2013 and is open to first and second time buyers until 2020. On average, first-time buyers need a £33,000 deposit which is often out of reach for many. … [Read more...]

Bookkeeping v Accounting: What’s the difference?

The terms bookkeeper and accountant are often used together or interchangeably when the two disciplines are in fact separate. Bookkeeping forms part of the overall practice of accounting. We take a look at bookkeeping v accounting and some of the ways the two differ and overlap. Depending on the size of your organisation you may only need a bookkeeper or it may make better business sense to … [Read more...]

Tax changes for investors and income

The new tax year, which has just started, offers some new benefits for investors and savers, even though savings rates continue at record low levels and the stock market struggles to recover to the level of this time last year. Here's a summary of the new tax changes for investors and income:- Personal Savings Allowance This year sees the start of the personal savings allowance for all basic … [Read more...]

Outsourcing lessons from Land Rover

Sometimes, knowing when to ask for help within your business is the crucial turning point between you being able to provide a good or an excellent service to your customers. In my role as Finance Director, I work with a broad range of clients and often witness first-hand the damage that can be done to a business when valuable time is spent remedying avoidable problems. Typically, the type of … [Read more...]

Changes to the Apprenticeship Levy 2017

Hiring an apprentice brings a number of advantages to your business, here’s just a few: Advantages of hiring an apprentice Lower recruitment and training costs Greater productivity, 76% of employers with apprentices state Plug skills gaps Highly motivated and loyal staff Job-specific training Company knowledge and skills passed on Improved staff retention Increased … [Read more...]

How to manage expenses

There are many things to think about if you run your own business and a key one should be how to manage expenses. You can’t afford to waste money plus you need to make ensure that any legitimate expenses are logged correctly by employees so as to minimise the amount of tax owed by maximising your allowable expenses. You will only be taxed on your profits if you are not a limited company and … [Read more...]