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If you’re self-employed, learning the ins and outs of tax returns can be a tricky and time-consuming task. Here at Stonehouse Accountants, we work with small business owners across the UK and are often asked the same questions by each new client we speak to. One of the topics that often causes confusion is UTR […]
Financial consultancy for risk management is a service that helps businesses identify, assess, and mitigate financial risks. Financial consultants can help businesses develop and implement risk management strategies, policies, and procedures. They can also provide training and support to staff on risk management best practices. This practice is important for businesses of all sizes, but […]
Following on from the effects of the COVID-19 pandemic on the economy, the government has continued to respond quickly and effectively to the impact of COVID-19 on SMEs all over the country. One way they have supported SMEs is through the introduction of the £5K technology grant, offering a total of up to £20 million […]
The Economic Impact From The COVID-19 Outbreak At the beginning of the COVID-19 outbreak, it was predicted that there would be a large drop in business output, but for just a short period of time. This is because the government predicted that the pandemic would be under control and businesses would be up and running […]
It is evident that COVID-19 has caused both financial gain for some industries, yet put financial strain on others and this financial strain is very visible in many SMEs. The COVID-19 pandemic has even caused some SMEs to have no choice but to stop operation. In this article, we will discuss five tips on how […]
Cash flow is the movement of money transferring in and out of a business, and in the UK, cash flow is a common problem for SMEs. Poor cash flow can be detrimental to a company’s strength, let alone its ability to grow. Over half of SME owners have played witness to cash flow problems, meanwhile, […]
As a small business, you may think you can’t afford an accountant. But when you evaluate how long it takes to do a task yourself, can you say it’s a good use of your time? Appointing an accountant can help lift a huge weight off your shoulders because unless you’re an expert in the field, […]