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2010, 2020

Why hiring an accountant is better than a DIY approach

October 20th, 2020|Tags: , , , , , , , |0 Comments

Why hiring an accountant is better than a DIY approach When running a small business, you may feel like you don’t need an accountant yet. After all, who knows your business better than you? And why pay someone to do something you can do yourself? At first, these seem like obvious reasons why you shouldn't be hiring an accountant, but when you look into it, doing accounting yourself often leads [...]

1610, 2020

Handpicked Accountants Network Picks Big Hand 4 Business

October 16th, 2020|Tags: , , , , , , |0 Comments

Big Hand 4 Business joins Handpicked Accountants network We are proud to announce that we are now a member of the Handpicked Accountants network. They have recognised our outstanding customer service, highly skilled team and friendly approach.  Through assessing our core accountancy service, the Handpicked team ranked Big Hand 4 Business as an outstanding accountancy provider for owner-managed businesses. We understand that as a business owner, your skills lie in [...]

1310, 2020

Joining the gig economy: becoming self-employed

October 13th, 2020|Tags: , , , , |0 Comments

Joining the gig economy: becoming self-employed With the current pandemic shaking up the working world, now is a great time to explore new avenues and push yourself into running your own business. The nature of the current gig economy makes it easy to become self-employed and pick up work at a pace that suits you. Plenty of people dream of being their own boss and doing what they love every [...]

1010, 2020

How to prepare for your business valuation – and how you can increase its value

October 10th, 2020|Tags: , , , , |0 Comments

How to prepare for your business valuation - and how you can increase its value So it’s time to sell your business. You’ve had a good run, but for one reason or another, you think this is the end of the road for you and you’re ready to pass it onto another safe pair of hands. There can be a number of reasons why you want to sell, both good [...]

610, 2020

Hiring your first member of staff – what to look for and how to avoid mistakes

October 6th, 2020|Tags: , , , , |0 Comments

Hiring your first member of staff - what to look for and how to avoid mistakes Running a business by yourself can be challenging and tiring, particularly in times of COVID-19. Bringing staff on board can help you manage your workload, expand your business, and improve the quality of your service, so it might be time you look at hiring your first member of staff.  There are procedures you must [...]

2909, 2020

Business valuations: what are they and what do they involve?

September 29th, 2020|Tags: , , , , |0 Comments

Business valuations: what are they and what do they involve? A term that may come up during your business journey is ‘business valuation’. It might seem like a very nebulous term, but business valuations are relatively straightforward. They’re used to figure out the economic value of a business. This could be the company as a whole or an individual unit within it. While it’s common to assume valuations only happen [...]

2509, 2020

Scheme Extensions & the Job Support Scheme

September 25th, 2020|Tags: , , , , , |0 Comments

Scheme Extensions & the Job Support Scheme Rishi Sunak announced a new scheme which is to follow on from the current furlough scheme which is due to end in October. He has also made announcements on other support schemes that have been put in place/extended. The Job Support Scheme This scheme begins on 1st November 2020 and will run for 6 months. Employees must work at least 33% of their [...]

2209, 2020

Passing along your family business: how does gift hold-over relief work?

September 22nd, 2020|Tags: , , , , , , |0 Comments

Passing along your family business: how does gift hold-over relief work? Family businesses are a cornerstone of the British economy. For all the large, multinational businesses that exist, there is a whole host of smaller, family-run firms that keep the country moving. There are 4.8 million family businesses in the UK and together they generate over a quarter of the country’s GDP. You might be one of them. And no [...]

1509, 2020

What is the Kickstart Scheme?

September 15th, 2020|Tags: , , , , , |0 Comments

What is the Kickstart Scheme? Key detail: you need to be offering a minimum of 30 placements If you do not have the option to take on this many placements, then you will need to partner with another company/companies to reach this number. What are the criteria: Placement duration = 6 months Minimum of 25 hours work a week The employee must be paid a minimum of the National Minimum [...]

1509, 2020

What tax loopholes do multinational corporations use?

September 15th, 2020|Tags: , , , , |0 Comments

What tax loopholes do multinational corporations use? As a business owner, you will know all about tax. Income tax. VAT. Corporation tax. These are just part and parcel of running a business. But you’ve also probably heard about companies who somehow avoid paying their taxes. Big multinational corporations that you see in the news about avoiding tax. But how do they do it? Let’s start by clarifying the difference between [...]

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