Why Small Businesses Go Bust (and How to Stop It)
Small businesses don’t usually fail because of the economy or competition — they fail because of how owners manage their money. Making the leap from employment to self-employment is exciting, but it’s also a huge financial and operational transition that many underestimate. Without the right planning and systems in place, cash flow problems and tax […]...
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Why Every Business Owner Needs to Start With Purpose—Not Just Profits
As accountants, it might seem natural to start a conversation with numbers—your turnover, your profit, your tax bill. But at Adaptive Accountancy, we believe there’s a more important question to begin with: Why are you in business? This isn’t just a feel-good question. It’s the foundation for everything else—your goals, your growth strategy, and even […]...
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Before You Gift Business Shares to Your Kids — Read This
If you’re a business owner considering passing your company shares down to your children, you’re not alone. It’s a common idea — especially in family-run businesses — to want to “keep it in the family.” But here’s the catch: you could end up with a six-figure tax bill if you don’t do it properly. Let’s […]...
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Reduce Your Tax Bill: How to Split Rental Income Between Spouses
If you and your partner jointly own a rental property, you might be missing out on a key tax-saving opportunity. HMRC allows couples to split property income in a way that could significantly reduce your overall tax bill—but only if you follow the correct process. Here’s a step-by-step guide to splitting your property income legally […]...
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