Debt is not inherently negative. Borrowing can fund growth, smooth seasonal dips or help you bridge large orders. Problems start when visibility slips, costs rise or deadlines are missed. Our guide below sets out the core accounting and cash management practices we encourage clients to follow. Use it as a monthly checklist and adapt it …
Preparing for an audit is rarely anyone’s favourite job, but it is part of running a resilient, well-managed business. HMRC is under continued pressure to close the tax gap. In 2024/25 alone, it completed around 316,000 compliance checks and has continued to invest heavily in new staff, data tools and digital systems. Against that backdrop, …
Irregular income, no employer sick pay, and responsibility for your own tax bills make cash planning more important when you work for yourself. Yet many people have little to fall back on. The FCA’s 2024 Financial Lives survey found that one in ten UK adults has no cash savings, and a further 21% have less …
Xero has announced one of its biggest updates in recent years. Automatic bank reconciliation, powered by its new AI engine, JAX, is now rolling out in beta across the UK. For many small businesses and finance teams, this could remove hours of repetitive work each week and reduce the errors that often creep in through …
Thinking about moving your business into a limited company? Incorporation can offer tax advantages, legal protection and a more professional image, but it also comes with upfront costs, administrative changes and potential tax traps. Below, we look at the key points to consider before making the switch. What does incorporation mean? The term incorporation usually refers to …
Self Assessment rarely makes it to the top of anyone’s to-do list. Deadlines creep up, paperwork hides in inboxes and the rules change just enough to cause confusion. The good news is that with a little planning you can file with confidence, avoid penalties and keep your tax bill accurate. SeavorChartered has pulled together a …
Plan Your Next Move with Confidence Mergers and acquisitions (M&A) are powerful tools for growth—but without the right strategy, they can become a minefield of financial, legal, and operational challenges. Whether you’re exploring an acquisition to scale your business or considering a merger to streamline operations, it pays to be informed before making the leap. …
Choosing the best business structure for your business is one of the first and most important decisions you will make. It impacts everything from your tax obligations to the level of personal liability and even your ability to raise funds. Your choice of structure also has long-term implications for your growth potential, compliance responsibilities, and …
Today, Thursday 2 February 2023, The Bank of England have again increased interest rates, this time to 4%. Another milestone of the highest rates in 15 years. Chancellor Jeremy Hunt stated, “Inflation is a stealth tax that is the biggest threat to living standards in a generation, so we support the Bank’s action today so …
What has the government announced? Earlier this week, the government announced there will be a new energy discount scheme for businesses, charities, and the public sector ahead of the current scheme ending in March. The new scheme will mean all eligible UK businesses and other non-domestic energy users will receive a discount on high energy …
The Chartered Institute of Taxation
The Association of Taxation Technicians
