Business

Small business predictions for 2023

Small businesses have faced a variety of challenges in 2022 with the cost of living crisis, soaring energy bills, supply chain issues and staff shortages. What might 2023 bring and what trends can you capitalise on? This article will outline a collection of predictions to help you and your business keep ahead of the game.

The tax return deadline approaches – are you ready?

We are fast approaching the self assessment tax return deadline of 31 January 2023. If you are self employed or in receipt of other income or gains, you will need to file a return and pay over your tax liability. This article will discuss who needs to complete and file a tax return, when it needs to be completed by and the penalties for late submission. Don’t forget we are only a phone call away and always ready to help.

Are you ready for the R&D tax credit reforms coming in 2023?

The Autumn Statement introduced changes to the Research and Development tax credit regime that will commence in April 2023. These changes will affect companies that carry out R&D activities and claim R&D Expenditure Credit (RDEC) or the R&D tax relief for small and medium (SME) sized companies.

The government has also announced its intention to open a consultation on the design of a simplified, single RDEC-like scheme for all businesses.

2022 Christmas gift ideas from the Swindells’ family

December is here, and that means the annual racking of brains for present ideas. This year we’ve compiled a few thoughts on potential gifts for your loved ones from within our own family of clients. We hope they spark your imagination…

The Autumn Statement: What has been announced?

The new Chancellor, Jeremy Hunt has made his Autumn statement and acknowledged that the UK is in recession and things will get worse before they get better. He has said that “We are not alone in facing these problems,” but the UK is responding to global problems with British solutions, a balanced path towards stability, however it means it taking difficult decisions.

The value of outsourcing

Most business owners find that they spend only a small percentage of their time on important strategic planning. A great deal of their effort is spent on the day to day running of the business.