The Renters (Reform) Bill has finally been introduced into Parliament, almost five years after it was first promised. It will only apply across England, because various reforms have already been introduced in Scotland and Wales. There is a common denominator, […]
Author: Simon Murrison
Exciting News: Ammu Accounting Continues to Grow with MCC Accountants Joining the Team
We are thrilled to share some exciting news with all our clients, partners, and friends. As of 1 June Ammu Accounting has been joined by the highly respected MCC Accountants, a Giffnock-based practice known for their exceptional service and trusted […]
Energy support boost for home-based businesses and employees
The energy price guarantee of £2,500 was extended in the March Budget for a further three months, which is welcome news for employees and any small business owners who work out of residential accommodation. The extension of the energy price […]
Spring Statement 2023 Introduction
The first Budget since October 2021 was widely expected to be an uneventful affair. Five months ago, the then new Chancellor, Jeremy Hunt, presented an Autumn Statement that was more of a Budget than many formal Budgets. Not only did […]
New proposals will force micro and small businesses to disclose their annual profit and loss account
Companies House is also to be extensively reformed and one key change will see all smaller companies filing a profit and loss account. There are some 4.4 million active companies registered with Companies House, and the vast majority of these […]
Managing your business through high inflation
Businesses trying to cope with 9%-10% inflation face a difficult balancing act. For many there is a stark choice between potentially alienating customers by increasing prices too sharply or absorbing increased costs and risking their own survival. Staff shortages and […]
Company insolvencies on an upward trend
Although showing a slight improvement from March, the number of company insolvencies in April of this year was more than double the number from April 2021. This shows just how important it is to get advice sooner rather than later […]
small business: double hit from rising prices
Rising prices hurt just about everyone, but small business owners face a double hit: the impact on their own spending power, but also less revenue coming in from cash-strapped customers. The volume of retail sales fell 1.4% in March, with […]
7 cashflow planning tips
Cash flow planning in these uncertain times may appear difficult but there are some practical steps you can take to minimise potential disruption to your business: Review your budget and set realistic and achievable targets for the remainder of your financial […]
Budgeting: it’s a good financial discipline and in 2022 it’s in vogue
With the economic climate continuing to be uncertain with multiple factors impacting the short and medium term outlook, it is more important than ever to have an annual budget in place for your business that you review regularly. Knowing where […]
news round up
HMRC late payment interest rate rise HMRC’s late payment interest rate has increased to 3.25% from 5 April 2022. It applies to the main taxes and duties administered by HMRC. If you are at risk of making a late payment, […]
is your financial risk strategy up to date?
If the pandemic – and now the Ukraine war – have taught small and medium-sized business owners anything, it is the value of staying agile in changing circumstances. Regular assessment of financial risks, and your strategies to meet them, will […]
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