How Much Does a £6,000 Holiday Really Cost You as a Business Owner? (And How Accountants Can Help Save £7,500)
If you’re a small business owner thinking of treating your family to a well-deserved holiday, you might be shocked to learn just how much profit your company needs to generate for you to afford that £6,000 getaway. Spoiler alert: it’s often double that figure once tax is factored in. As accountants, we see this misconception […]...
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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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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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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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