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- Tax Saving Accountants
- 6 Aug 20
The £5K Technology Grant For SMEs
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 […]
- Tax Saving Accountants
- 20 Jul 20
Claiming The HMRC Self-Employed Income Support Scheme
We have covered many types of financial support for SMEs since the outbreak of COVID-19, but we haven’t yet touched on what support is available for the self-employed. So, are you self-employed and in need of financial support due to the COVID-19 outbreak? In this blog post, we will discuss the financial assistance supplied by […]
- Tax Saving Accountants
- 22 Jun 20
How Have Business Tax Policies Changed Since COVID-19?
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 […]
- Tax Saving Accountants
- 4 Jun 20
5 Ways To Help Rebuild Your SME After COVID-19
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 […]
- Tax Saving Accountants
- 30 Mar 20
The Coronavirus Business Interruption Loan Scheme For SMEs
As Covid-19 has become known as one of the world’s most renowned viruses since the Ebola outbreak in 2013, it wasn’t long until the widespread disease became known as a global pandemic. Announced by Boris Johnson on Monday 23rd March, the government has imposed strict new measures in order to tackle Coronavirus. Boris Johnson stated […]
- Tax Saving Accountants
- 24 Feb 20
The Issue Of Cash Flow And How To Solve It As An SME
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, […]
- Tax Saving Accountants
- 29 Jan 20
Greener Future: Company EV Tax Exempt In 2020/21
As we enter a new decade, it is becoming more and more evident that we are in an environmental crisis. This justifies the sales of electric vehicles which rose by 144% in 2019, followed by a major decline in the popularity of diesel-fueled cars. This has triggered the government to cut down on their attempt […]
- Tax Saving Accountants
- 3 Dec 19
The Impact of AI on SME Accounting
Accountancy firms have always endeavoured to provide value, and tailored financial advice to their clients. Stonehouse Accountants is no exception. The constantly evolving, accounting landscape puts enormous pressure to provide timelier and increased data quality to HMRC. 5 years down the line from the birth of the Making Tax Digital (MTD) initiative, HMRC is making […]
- Tax Saving Accountants
- 27 Nov 19
The Differences Between Accounting And Bookkeeping?
For those unfamiliar with the financial sector, certain terminology and its interpretation can be somewhat mindboggling. Bookkeeping and accounting, for example, are often seen as being much of the same process. Though it is true that each role engages with the analysis of financial data, a certain level of accountancy skills, and the proficiency to […]
- Tax Saving Accountants
- 7 Nov 19
What Does The VAT Reverse Charge Delay Mean For Construction?
The government settled the domestic VAT reverse charge for building and construction services back in September this year, but it is said to have been delayed by a year and won’t go ahead until 1st October 2020. In this post, we will discuss what compromises the VAT reverse charge, the reasons for the delay and […]