Planning for a challenging 2023 and beyond
As we reach the end of another year, business owners turn their attention to their goals and objectives for the following year. In this article we will review the challenges ahead and some of the issues businesses will face and need to fully consider in their business planning for 2023 (and beyond).
Next year, businesses continue to face an unprecedented set of challenges. Globally, economies…
DIY Self Assessment Tax Return – a good idea?
As we approach the end of the year there’s the inevitable scramble, for those that have to complete an SA100 Self Assessment Tax Return, to either beat the October 31st deadline for paper SA100 returns or the January 31st deadline for electronically submitted returns. The question we ask is: “Should you let an accountant complete the self assessment tax return for you?”. We’ll explore that…
How digital enablement can help reduce cyber crime and fraud
While most business owners understand the risks they face from fraud, whether that be threats from cyber attacks or as we will consider here, internally from white collar crime, a surprising number lack the systems and controls to mitigate these threats. TaxAgility Accountants can help you fight these threats through digital enablement.
For instance, a report by Symantec, the antivirus software…
What is Digital Transformation?
New technologies and stakeholder expectations mean businesses are undergoing a transformative process - digital transformationThe clue is in the word transformation. While most businesses have embraced the digital world and many of us just take all the digital services and applications around us for granted, transforming our businesses digitally takes change to the next level. technology…
Digital Enablement
Enhancing business efficiency digitally
Digital enablement is an 'ongoing process', introducing and working with new digital systems and processesAs digital transformation sweeps inexorably through the business world, is there ever a time when you can feel like “it’s over” or “we’re done on this”? Well, likely not. For some the process of overhauling a more traditional, ‘analog’…
Thinking about selling your business? Here’s how we can help
There comes a time with any business, large or small, when the owners decide they want to move on and sell their business. There can be many reasons for this, often it’s because they want to retire or maybe because they have just had enough and want to reap the benefits by selling on the business. There’s a well worn path to follow when selling a business, a process TaxAgility has been part of…
Super deductions – how to maximise your business’s tax efficiency
Most business owners understand that it is important to ‘capitalise’ certain company assets. These ‘fixed assets’ can be used to reduce your corporation tax bill. However in April 2021, the Government increased the usual 100% deduction to 130% until April 2023. Read on to find out how you could benefit from this increase.
What is a super deduction?
Over the years, successive governments try…
Managing your business finance for success
Every business exists to make money and grow, and one of the essential ways is through good financial management.
Getting your business finance in order through good budgeting, accurate cash flow analysis and effective use of management accounting all share a single objective, which is to improve your business efficiency.
When your business is efficient, it can convert all the available…
How to find a good accountant in London
If you hadn’t noticed, the business landscape has fundamentally changed and the part your accountant plays in helping you cope is essential to this. Finding a London accountant that thinks about your business and how to improve it, as opposed to just crunching your numbers and filling VAT and tax returns, should be a high priority for your business. After all, it’s another resource your obliged…
Thinking about exiting your business? Here’s what you need to know?
There comes a time with many businesses, especially those that are owner / managed, where the owner thinks about exiting. In this article we will explore some of the ways this can be achieved.
Some family businesses may be in the fortunate position to be able to pass down the business ownership / management to a younger family member. This way the business continues and there’s a chance that…