It is somewhat ironic, that company directors often find it more difficult to get a mortgage than the employees whose salaries they pay. In these unprecedented times it has become even more challenging. The lending criteria used by many lenders
Chancellor Rishi Sunak set out the Spring Budget on Wednesday, announcing the government’s tax and spending plans for the year ahead. Alongside measures to support the UK’s long-term economic recovery, he set out plans to help business and jobs through
Today is also known as Blue Monday, which is supposedly the most depressing day of the year. And this year it is compounded by the fact we’re in yet another national lockdown, on the continuing ‘Coronacoaster’. Even the most resilient,
On 24 September, the Chancellor unveiled a new Job Support Scheme (JSS) to try to avoid a wave of redundancies and job losses when the Coronavirus Job Retention Scheme (or furlough scheme) ends on 31st October 2020. Businesses will continue
When you hear the words “Finance Director”, what springs to mind? They’re not for small, scaling businesses. Right? They’re sat in fancy corner offices of large, multinationals. Right? They’re too expensive and their services too complicated for scale ups. Right?
Or worse still – you neglect it altogether? Well, before we answer that, let’s take a look at the state of play today. Many old school accountants view bookkeeping as an administrative task that’s beneath them. One that’s trivial, or
As any successful business owner will tell you, there comes a point when you need to start delegating. To grow effectively, you willneed to call in the experts – especially when it comes to finance. That’s why many businesses eventually
Spoiler alert:If you’re already debating the need for a Finance Director, you definitely need both. There is often confusion when discussing the roles of accountants and Finance Directors. After all, they both work with clients and businesses to help improve
One headline from the Queen’s Speech in June was confirmation of the government’s intention to ban letting agents from charging a fee to tenants in England. Welcomed in some quarters but met with anger in others: what will the impact
Currency Volatility What with the EU referendum last year and the General Election’s Hung Parliament, there’s been plenty of uncertainty around, particularly when it comes to the GBP exchange rate. In the 10 months following the June 2016 referendum when
So, were you blind-sided by the outcome of the Election? Even though we seem to have been bombarded by extraordinary political event after event over the last year or so, the result of a hung parliament still came as something of
Technology, particularly property tech is a sector with high overheads and a culture of late payment by customers – and that makes cash flow a major headache for most proptech businesses. The average firm waits 107 days before it receives
Running your own business makes for a very busy life. And with so much to do in the day to day running of your SME, it can be tough finding time to check you’re on track… not to mention focusing
Cloud accounting software is revolutionising small business accounting. With innovative new cloud software solutions, business owners now have a more reliable, more flexible and more efficient way of managing their accounts. Unless you’ve set up an accountancy firm, the chances
Are you tired of the chancellor tinkering with property taxes? I’m a landlord with a small portfolio, so have been feeling the pain myself with successive budgets and autumn statements squeezing smaller investors in the sector. To many people’s surprise,
If you’re serious about turning a profit from your property business, and want to give yourself the best possible ability to grow, you need to consider what the best business structure is for your property operation. As we mentioned in
The benefits of Xero and the Xero app ecosystem Running a property business can sometimes feel like a juggling act, with a multitude of different ‘plates’ to keep spinning. Whether you’re a landlord with a small portfolio of buy-to-let properties,
If you’ve dipped a toe into the property investment or buy-to-let markets, you’ll be aware that there are a number of tax and financial planning elements to take into account when you’re looking at the profits you can make from
Business cashflow depends on prompt payment. Xero analysed over 12 million invoices to discover some revelations about getting paid on time. They also asked the small business community for their tips and tricks. You’re not alone: Invoicing insights from small
It’s vital that the invoicing software your business uses is a sound investment. After all, it can determine whether or not your business establishes and maintains a healthy cashflow. Invoicing shouldn’t be tedious or complicated Everyone knows a smooth billing
Cloud computing got you perplexed? You’re not alone. Most of us talk about ‘the cloud’ without even realising what it really means. We’re clearing the air on cloud computing and how it can benefit your small business. So what is
It is our pleasure to announce that we have been nominated for an award at this year’s British Accountancy Awards. We have been shortlisted for the Most Innovative Independent Practice for the way we have embraced the latest technology to
At Square Mile Accounting, we’re passionate about sharing our advice with contractors on how to run your limited company. For lots more advice to help you to increase your income and productivity, reduce your costs, and become a success, please
Are you running a small brewery where you produce 60,000 hectolitres or less of beer a year? If so, you may qualify to receive small brewery relief – a way to reduce the duty you pay on your brewed products and increase your profitability.
You’ll know by now that we’re big fans of Xero online accounting software. And if you caught our recent blog, you’ll also know all about the power of financial technology (FinTech) solutions for expanding the efficiency of your business systems.
R&D Tax Credits for Software Developers Funding a growing technology business in London can be a tricky business, you need to evidence traction and convince angel investors, VCs, crowd funding platforms that your idea stacks up. One hidden source of
Until June 2016, companies in the UK have had to file an Annual Return with Companies House, giving a snap shot of the the company’s structure and shareholdings on a set date every year. From June 2016 this is being
We very strongly recommend that you take suitable insurance. For most independent contractors, being insured forms part of your contracts with clients and it’s a vital part of protecting yourself against unforeseen eventualities. We know it can be a minefield
It’s been about six weeks now since George Osborne announced his Budget for 2016 and analysts and experts have had time to digest the impact it will have on the UK industries. So is it good or bad news for the UK’s Brewery? Pretty good as it turns out
After your limited company is incorporated, your accountant can assist you with registering your limited company at HMRC for tax. Square Mile Accounting’s experienced team will help new directors save time and offer peace of mind, knowing that applications are
This list is designed to provide tips on how to register and establish limited company in the United Kingdom. Decide whether you can register the business yourself or if you need the help of an accountant Dealing with registration yourself can be
Shifting your fast-growing tech business to the next stage of growth involves raising equity, and you’re ready to pitch to potential investors. Or are you ready? One of the challenges you face is how to transfer your enthusiasm and energy
Fast and seamless set up within 24 hours Square Mile Accounting has every step of the way mapped and marked. We can get everything set up for you on your behalf, from choosing and registering your name to filing your
Contractors should be very careful about special schemes, solutions, short term tax loop-holes, EBT’s, LLPs or companies that use complex offshore solutions. Many of these schemes were designed for legitimate purposes, however over time they have been leveraged for tax
The growth of Xero as the leading cloud provider is evident all around you in London. Square Mile Accounting were in attendance at Xerocon, Xero’s annual convention to showcase the developments over the next twelve months that are in the pipeline.
As we work with business owners and help them review their profits and productivity, we’ve discovered that (unlike us accountants) you don’t really want a spreadsheet of dry numbers.
It doesn’t mean anything to you. It’s…well…dull. Even ugly.
Which is why Futrli has changed the game.
It’s accounting technology gone sexy. It’s profits and productivity and numbers in clean, good looking dashboards that not only make sense, but are really easy on the eye.
Starting and running your own brewery business is a big challenge to take on. Brewing is an industry where creating the perfect product can take time and where hands-on experience in the sector can be a huge advantage. And even once you’ve perfected
If you travel a lot for your business, we’re sure you’ve heard the news buzzing around the contracting world about the proposed changes to tax rules for travel and subsistence. Following the 2015 summer Budget, the Government has proposed removed
There’s no question that the cloud has come to work. You may wonder why so many businesses are moving to the cloud? It’s because cloud computing increases efficiency, helps improve cash flow and offers many more benefits. Companies today –
No matter what business you’re in, there are always areas where you could be cutting costs and saving money. Since we’re a bunch of accountants, we happen to be good with money. That’s why we’d like to share a few
We’ll state the obvious – that keeping a steady cash flow is a bigger challenge than most business owners realise. Fortunately, there are sound solutions and cash flow rules to help you.
We’ve worked with many people who have a great business with good products, services and people – but they fail to make any money. In most cases, by asking two questions, we get to the bottom of why people are
As a small business owner you no doubt wear many different hats during your day-to-day responsibilities, especially during the early stages. Accountant, HR, legal, business development, sales – are probably just some of the roles you have to take on.
Women all over the world are becoming entrepreneurs and building successful businesses. What lessons can they teach the rest of us? Here, seven famous female entrepreneurs share their tips for success.- via Xero [7 min read] Women are turning to
Square Mile Accounting have partnered with Kingsbridge Professional Solutions to provide a business insurance package aimed specifically for contractors and freelancers working through their own limited company. It’s vitally important for contractors to protect themselves against unforeseen possibilities – and