Business Support

Across the legal sector, many firms have been reporting healthy revenues and strong profitability on paper, yet the same firms are still experiencing persistent cash pressure. Partner drawings feel tighter...

Most growing businesses treat compliance as a box-ticking exercise. Accounts filed. VAT submitted. Payroll processed. Deadlines met. Job done. But here’s what 40 years of working with professional services firms...

The Key Decision – Choosing How to Finance a Business Vehicle For many businesses, a vehicle is necessary to be able to visit clients, transport goods or simply for day-to-day...

The Latest Minimum Wage Position Minimum wage rates in the UK changed on 1st April 2025, meaning workers aged 21 and above are entitled to at least £12.21 per hour....

For many businesses, compliance sits quietly in the background. Accounts are filed, payroll runs are processed, VAT returns are submitted, and deadlines are met. It is easy to see compliance...

For many businesses, a partnership, such an LLP, offers flexibility that a company structure does not. As businesses grow, owners often want greater freedom around profit sharing, tax planning, and...

For many law firms, an SRA audit can feel like something to get through rather than something to prepare for strategically. There is often a concern about whether records are...

What’s Happening More than ever, law firms are now operating through limited companies. SRA statistics show that, as of late 2025, around 58% of regulated law firms are incorporated companies,...

What’s Happening? Residual client balances continue to reign as one of the most persistent compliance risks that law firms face in 2026. Despite years of guidance, repeated SRA communications and...

For many firms, the LLP has long been the default legal structure. It is familiar, flexible and well established across the legal sector. But as firms focus more closely on...

What’s Happening Companies House has now finalised its transition over to GOV.UK One Login across their core filing services. Since 13th October 2025, WebFiling users must sign in through the...

The government has announced a new package of measures designed to improve access to finance for creative businesses across the UK. The initiative aims to support firms operating in areas...

There are simplified expenses arrangements available for sole traders and business partnerships (with no corporate partner) that allow the use of fixed mileage rates instead of working out the actual...

The latest figures from the Office for National Statistics show that in 2025 the number of UK business births exceeded business deaths for a second successive year, pointing to a...

For many business owners, the focus is firmly on growth, profitability and day to day operations. Exit planning is often treated as something to think about later, perhaps a few...

Hospitality businesses continue to operate in a challenging environment. Rising wage costs, energy prices and supply chain pressures have all placed strain on margins. Against this backdrop, recent business rates...

Many business owners are entering the new year with a sense of caution. Confidence across the UK business community has softened, driven by continued cost pressures, uncertainty over tax policy...

The salaried member legislation applies to certain members of a Limited Liability Partnership (LLP) whose terms of membership are more like an employee than a partner. To be a salaried...

The income generated from land or property in the UK is treated as arising from a UK property business. The underlying legislation defines this broadly to include all activities that...

For many businesses, waste disposal is seen purely as a cost, an unavoidable expense required to stay compliant and keep operations running smoothly. However, there is growing interest in the...

The new 40% First Year Allowance came into force from 1 January 2026. This marks an important development for businesses investing in plant and machinery. The new allowance was first...

Not every UK limited company needs a statutory audit. Many smaller companies qualify for audit exemption, but it is important to understand the rules, as an audit may still be...

When a small business applies for a bank loan, the bank is mainly trying to answer one question, “How likely is it that we will be repaid, on time and...

Starting a new business can be expensive, but many of your pre-trading costs may qualify for tax relief if they meet the right conditions. There are special tax reliefs for...

If you are self-employed, knowing which everyday costs you can legitimately claim can make a real difference to how much tax you end up paying. The question of which costs...

The Insolvency Service data for England and Wales shows monthly company insolvencies remain high by historical standards, even though they move up and down month to month. For example, November...

Making mistakes in business is unavoidable. No matter how experienced or careful someone is, decisions are made with imperfect information, time pressure and changing conditions. What separates resilient businesses from...

Cash flow remains one of the most pressing concerns for small businesses, even where trading appears stable. Many businesses are finding that rising costs, cautious lenders and slower customer payments...

Acquiring new assets is often essential for small businesses looking to grow, improve efficiency or remain competitive. Whether the investment is in vehicles, machinery, IT systems or specialist equipment, choosing...

Many businesses regard their overheads as fixed, predictable, and largely outside their control. In reality, an overhead audit often uncovers costs that have risen quietly, services that are no longer...