Our guide to business credit scores

Do you know what your business credit score is, and how it can impact your finances? Your business credit score is a numerical representation of the company’s creditworthiness. In other words, how financially reliable the big credit agencies believe your company to be. In essence your credit score is a measure of your risk to…

Are employee parties tax-free?

If the rules around social functions are followed, staff events like your end-of-year party, or your summer barbecue are tax-deductible for you, as the employer, and tax-free for your staff. This means you can claim back some of the expenses you incur when putting on a social event for your team, while also helping to build better…

The Autumn Statement 2022

Autumn Statement 2023 Highlights

Autumn Statement 2023 Highlights Against a backdrop of reducing inflation and greater headroom for spending, the Chancellor announced several tax cuts and boosts to business in his ‘Autumn Statement for Growth’.   Headlines •         Class 2 National Insurance contributions (NICs) will be abolished and the main rate of Class 4 NICs will reduce from 9%…

Plain English guide to depreciation

Getting to grips with the basics of accounting, financial management and business strategy can be a challenge. To make things easier, we’ve created a plain-english guide to depreciation and the impact this accounting term can have on your assets, tax, cash-flow and company accounts. What is depreciation? Depreciation is an accounting term that you’ll hear…