Across your business plan, there are many jobs and processes that AI and automation can have a huge impact on. And don’t feel guilty about using this technology. Because between managing finances, handling customer inquiries, and trying to grow your company, there never seems to be enough hours in the day for small business owners. […]
How AI and automation can save your small business time and money Read More »
If you’re a contractor or small business owner working from home all or some of the time, you’ve probably looked for ways to maximise your business expenses. One area that often sparks debate is home renovations: can you, or should you, put those costs through your business? On the surface, it might seem like a
Home renovations & taxes: Smart business move or risky strategy? Read More »
Long-term success in business doesn’t mean simply maintaining what you’ve built. It means remaining adaptable, embracing new opportunities, and continuing to innovate. For established businesses, this means adopting a growth mindset – a strategic outlook that advances expansion, resilience, and innovation. At Companion Accountancy, our team of accountants believe this mindset is essential for thriving as
The growth mindset: New potential for established businesses Read More »
Are you driving into 2025/2026 tax-efficiently? Allowable benefits, such as company cars, are affected by things like Benefit-in-Kind and National Insurance Contribution rates. Business is changing all the time and small businesses and contractors need to stay on top of these latest tax considerations to keep their businesses cruising smoothly. Whether you’re driving around town
Company cars: What small businesses and contractors should know Read More »
As a business owner and director, deciding on your salary is a crucial task that needs revisiting annually. While this decision can impact your personal income, tax obligations, and company finances, it also requires careful consideration to ensure compliance with tax legislation, including the Managed Service Company (MSC) legislation. At Companion Accountancy, we understand the
Determining your salary for 2025/2026: A guide for business owners Read More »
Finding your next IR35 contract can be a rewarding journey, especially when you’re equipped with the right strategies. As an accountancy firm dedicated to helping and advising small business owners, we’ve put together some key tips to help you navigate this process with confidence and success. 1. Leverage professional networks LinkedIn and specialist forums: Maintain
5 strategies for sourcing your next IR35 contract Read More »
Running an eCommerce business is both rewarding and challenging. You’ve likely poured countless hours into building your online store, curating products, and ensuring smooth operations. But when it comes to increasing sales, it can feel like there’s always more to learn. The good news? There are proven strategies that can help. Most are easier to
Tax compliance is often seen as one of the least glamorous aspects of managing property, but it’s also one of the most critical. With the government’s rollout of Making Tax Digital for Income Tax and Self-Assessment (MTD ITSA), landlords need to adapt to significant changes in how they report their income and expenses. To help,
Making Tax Digital for Income Tax and Self-Assessment: A guide for landlords Read More »
An overview of Members Voluntary Liquidation (MVL) for Business Asset Disposal Relief (BADR). Written by Louise Barker, Group Marketing Director at Opus Advisory Group – Companion Accountancy’s third-party partner. Once upon a time, Business Asset Disposal Relief (BADR) used to be called Entrepreneurs Relief. It has long been a boon for entrepreneurs selling their businesses.
MVLs & Budget changes to Business Asset Disposal Relief Read More »
As a small business owner or contractor, a great LinkedIn profile should showcase your skills, but that’s not all. LinkedIn has the power to help you to build connections, generate leads, and establish your personal brand. That’s why we love LinkedIn at Companion Accountancy, because it helps our clients to flourish. While many may see
5 ways to level up your LinkedIn profile as a small business owner or contractor Read More »
