An audit may be a legal requirement for your business but a well managed audit can also boost your business growth and ensure that it is operating in the best way possible.
SME owners and managers – are you part of the one in five small and medium-size enterprise managers that work on average an additional 3 hours a day on a regular basis? Or one of the 33% that claim that there just aren’t enough minutes in a day to get everything completed? (The Independent study 2023)
The registration system used by Companies House is changing in 2025 due to the Economic Crime and Corporate Transparency Act. The changes are designed to prevent fraud and ensure that businesses are more transparent. If you are a director of a UK company, a person with significant control (PSC) or a member of a LLP, this will impact you. This is what you need to know.
We know that it’s tough for small businesses and sole traders right now, and it’s more important than ever for businesses to access the advice and support they need. Whilst every business is different, we recognise that there are actions that every business can take to help mitigate the cost of doing business.
Unintentionally making an error that is picked up by the financial regulator or other authorities can damage a business, damage a Financial Director’s reputation and is likely to be costly. Find out the most common major regulatory breaches and our top tips to help keep your business compliant
We haven’t gone crazy! The snake is one of the animals in the 12-year cycle of the Chinese zodiac signs. The new Chinese lunar year is the start of the Year of the Snake in 2025 so we thought it would be fun to apply the stated behaviours of someone born in a snake year and think about why a snake would be a great accountant!
Advisory fuel rates (AFRs) are recommended reimbursement figures for drivers reclaiming business mileage, usually for those in company vehicles. The advisory fuel rate is updated by HMRC based on fuel prices every quarter, and publish revised figures if required in late February, May, August and November each year
A financial forecast is an important tool to help you understand the steps you need to take to grow your business or remain profitable. In business, many factors are beyond your control but it’s invaluable to know what to expect in the near future and plan ahead. This is where financial forecasting will help. Here is the HB guide to the value of a financial forecast and how to implement financial forecasting across your business.
It’s a delicate balancing act to keep expenses down whilst still investing in growth and innovation. It is tough but it is possible to reduce costs without impacting growth by identifying and eliminating wasteful spending and ultimately build a lean, efficient business that can weather economic storms and be poised to seize new opportunities. Here are 5 proven cost reduction strategies that can help your business achieve longterm positive results.
The current economic outlook is to say the least, uncertain. Economic questions cloud the future. Interest rates, inflation, and the ongoing implications of Brexit have an impact. As does the consequences of global warming and the conflict in Europe and further afield. Forthcoming elections both here and abroad also make it harder to understand a business’ viability trading forward.
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