Hello I have started as Head of Finance at a company and in the past used SAP and other big ERP systems - not Sage so it is new to me. The company I have joined has Sage 50 but are hardly using any of the features and seems using more of a manual input…
Small businesses often face significant financial challenges in their first three years of operation, including cash flow management, securing funding, and managing expenses.
What are the key financial challenges faced by small businesses in their first…
Hello everyone,
Hope this finds you well.
I've just read an article about some parents with children in private schools paying fees in advance to beat Vat on school fees introduction next year.
So some schools have billed for future periods now…
Hi All,
Hope all well.
Tax (income/corp) and business loan interest are two 'consequences suffered' by business owners.
From your experience with clients, which of the two do they tolerate most?. It applies to all business owners, including us.…
Hi all,
Hope all well with everyone.
Sole Trader holiday cost inclusion as taxable expense seemingly passes the 'whole and exclusively' for business purposes where the Sole Trader takes time off work to mitigate against burnout and mental health in…
Hi All,
The Business Period Reform changes for unincorporated bussinesses coming through from 2024/25 tax year appear complicated for Sole Traders and Partnerships whose year end is not 31st March, or 1st to 5th April.
For example a Sole Trader business…
Hi,
What are the basic 'do's' and 'dont's' of CIC transactions?
I've got a prospective client who is a CIC and I need to quickly understand how their business should operate, that is significantly different from normal businesses being run for profit…
I've just discovered this community hub and I'd love to know what you all like / dislike about it? Also curious about what kind of questions I can ask here - Please let me know what you've gotten help on through this community hub before
Do I need an actual firm of accountants to file my yearly business accounts? I do my VAT and everything I need for my business on Sage but then it costs fortunes for the Accountant to submit the end of year accounts. Thank you
Have you heard about the recent "Close the Books" survey from Sage? It’s quite exciting! We conducted a worldwide survey involving over 1,000 finance professionals to uncover trends and insights on achieving faster and more accurate financial closing…
Payroll compliance is a critical aspect that HR and payroll professionals must prioritise.
Ensuring compliance safeguards not only the payroll team, but the entire business from potential penalties resulting from non-compliance.
Equally important…
Hi All
I know MTD (Making Tax Digital will come into effect in a few years, I'm still apprehensive. Has any other accountants looked more into this and have any advice.
Thanks
Faith
According to a global study of 12,000 Small and Medium-sized Businesses (SMBs) published by Sage in May, business leaders are experiencing a significant boost in productivity and satisfaction. The study reveals that the percentage of SMBs satisfied with…
Once you identify potential angel investors and prepare your business, it's time to apply for angel investment.
In this stage, you should be patient, persistent, and open to feedback throughout the process. Lastly, be respectful of their time and be…
When we started this, the idea was we would ship to the distributor, and that is us out of the way, what he does is his business, but somewhere along the line, someone decided we would ship direct to customer
Now on the paperwork to NI, we need to put…
Hi All,
I'm hoping someone can help out on this as I am finding conflicting advice and HMRC guidance is a clear as mud.
Can I claim capital allowances for a residential caravan used mainly for holiday letting?
Thanks.
