A new Government, a new Chancellor and a new approach to the UK’s fiscal policies. Rachel Reeves entered her first Budget with a strong message that her measures would lead to “an economy that is growing, creating wealth and opportunity for all”. To achieve this, she made it clear that the “only way to drive…Read More
Directors of Butterworth Barlow Gavin Butterworth and Barry Barlow have recruited Ellie Ash, Imogen McDonnell and Gemma Lyne as Accounts Assistants, providing support to the existing team. As part of its continued growth strategy, Butterworth Barlow now employs eight permanent members of staff, with further recruitment expected before the year is out. Gavin Butterworth said:…Read More
Use a business bank account We would recommend operating your business expenditures from a business bank account, registered under the company name as opposed to your own. Not only does this legitimise your business but it also helps us as accountants to separate your personal and business expenses when it comes to compiling reports. Although…Read More
Firstly, you will have to work out how much of your profits are taxable so you will need to keep good records of the money that comes in and goes out of your business. Make sure you keep these records as you go, especially because failing to do so could result in an unwanted fine.…Read More
Plans to Make Tax Digital have arisen with the aim to modernise the UK tax system by 2020 through eliminating inaccuracies and making the existing system more transparent. The government’s main goal is to align tax administration into a more efficient, effective and simpler system for taxpayers, with the ultimate aim of reducing the requirements…Read More
Research Expenses Before you do anything, it’s imperative that you know everything there is to know about the industry you’re about to enter. Whether that be beauty, food or electricals, you should conduct careful and thorough research of the market. When doing your market research, you should consider points such as your potential consumers’ requirements…Read More
Here at Butterworth Barlow, we often receive queries from small businesses across the North Westwho are seeking out our accountancy advice on budgeting for their small business. Whether you’re newly established or have been operating for a number of years, we’ve put together a list of our top tips to assist in the planning of…Read More