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Cash is King

Cash is King? Here’s Why That’s Not the Whole Story for Your Small Business

“Cash is king.”  It’s one of the most repeated phrases in the world of business finance—and yes, there’s truth in it. But here’s the part most people miss: Only good cash is king. As accountants, we often see businesses proudly showing off healthy bank balances while ignoring the more critical issue: profitability. Let’s break this […]...
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Tax

HMRC’s New Plan to Close the Tax Gap? Increased Penalties for Small Business Owners

From April 2025, the UK government’s new strategy for increasing tax revenue becomes painfully clear: target small businesses and individuals with harsher penalties. Hidden within the Chancellor’s 2025 Spring Statement is a significant and controversial update to HMRC’s penalty regime. Framed as a plan to “close the tax gap,” it actually hits those least able […]...
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Money

How One Plumbing Business Lost £13,500 in Tax (Needlessly)

Imagine paying £13,500 in tax that you didn’t need to. Unfortunately, that’s exactly what happened to a recent business owner who contacted us for help. The Background Owner of a plumbing and heating business Looking to invest in property using business profits Found the right opportunity and needed £40,000 to finance it So far, so […]...
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Business Meeting

Inside Our Away Day: Operational Improvements, Software Strategy & Stronger Client Relationships

At Adaptive Accountancy, we recently hosted a team away day focused on operational excellence and improving our internal processes. As always, transparency and collaboration are at the heart of what we do—and this session was no exception. Here’s a closer look at the practical, small-picture discussions that took place. Tackling Rising Software Costs Head-On One […]...
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