While many large businesses have dedicated accounting departments, we know that small businesses often don’t have the same facilities. That’s why expense management is so important for small businesses to get right, as it provides easy savings that will make…
Earlier this month, the government announced an SME Brexit Support Scheme to help small to medium-sized businesses adjust to the new customs and VAT rules when trading with the EU. What Is The SME Brexit Support Scheme? The…
The pandemic has seen the rise of many small online businesses in the UK, with more than 85,000 businesses launching online stores or joining online marketplaces in the last four months, according to new research from Growth Intelligence. However, one…
Recent research has revealed that the demand for debt advice could increase by up to 60% by the end of 2021 and around 3 million more people than before the pandemic will need support with debt problems by the end…
New VAT rules for building contractors and subcontractors will come into effect from 1 March 2021. They were originally expected to come into force from 1 October 2019, but were delayed due to the impact of the coronavirus pandemic on…
The start of a new year is a perfect time to set goals for the next 12 months, and this is no different when it comes to your finances. Here at Kara Accountants, we’ve come up with some resolutions that…
What is Business Asset Disposal Relief? Business Asset Disposal Relief applies to the sale of a business, shares in a trading company or an individual’s interest in a trading partnership, meaning that you’ll pay tax at 10% on all gains…
Did you know that accounting processes, payroll services and HR are the most common services to be outsourced? In an attempt to reduce costs and be more efficient, two out of five businesses are outsourcing their processes. If you are…