Many business owners think business plans are only needed when starting a new business or applying for a bank loan. A business plan is one of the most valuable tools for any established business that wants to grow, invest or prepare for the future.
Business planning is crucial for the success and sustainability of all businesses, regardless of size. Whether you are operating as a sole trader or a growing SME, this article gives seven reasons why business planning is essential.
In the Spring Budget, March 2022, some changes to R&D tax relief were announced. From April 2023, several changes were proposed to the regimes from both existing relief schemes, including the expansion of relief to cloud and data computing.
This article outlines some changes to corporation tax, capital allowances and the R&D tax relief that may be applicable to your business over the next couple of years.
We have written this case study to illustrate how we work with businesses that are ambitious to grow. We started to work with this new client, electrical contractors, who have grown quicker than they anticipated and they wanted to gain more support to keep control of their finances.
It's always a good idea to have a business plan. Often people do this at the start of the financial year, but any planning time you can spare is going to help whatever the time of year. What constitutes a good business plan and how can your accountant help you?
All businesses need a business plan to help guide them and ensure that they achieve the targets you set for growing their business. This is particularly important when you are starting your business or if you are planning to expand.
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When you first start a business, your focus is usually on attracting customers, generating sales and building a successful company. Few business owners spend much time thinking about how or when they will eventually leave the business.
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