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Monday, 07 April 2025

What are business rates? The latest updates for small businesses in 2025

Running your own business is an incredibly rewarding experience, giving you the freedom to be your own boss and shape your future. But let’s be honest — there’s a lot to keep on top of. From working out taxes to setting up payroll, the admin side of things can sometimes feel overwhelming. One of those responsibilities is business rates. And with new changes brought in from April 2025, understanding what they mean for your business is more important than ever.

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Friday, 20 December 2024

What is payment on account? Everything you need to know

As of 2024, there were 4.29 million self-employed people in the UK, which means that registering and reporting all that extra income via a Self Assessment tax return has never been more crucial. But, if you’re a small business owner submitting a Self Assessment tax return, knowing where to begin can be confusing if your business is only just finding its feet.

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Person doing tax return form

Friday, 20 December 2024

A small business guide to self-assessment tax returns: everything you need to know

Tax season can feel daunting, especially for small business owners and sole traders managing everything themselves.  In the 2022/23 tax year, a record-breaking 11.5 million taxpayers submitted their Self Assessment tax returns by the 31 January deadline. But understanding how to navigate this isn’t as simple as filling in a form and hoping for the best. 

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Tuesday, 25 June 2024

Start-up and small business grants in the UK: Updated for 2024

Every penny counts for new businesses. It’s estimated that 20% of start-ups fail within their first year, which means that a helping hand could be the lifeline they need to keep going. Whether your store needs a renovation or you have an exciting project in the pipeline, a cash injection can be a vital source of funding for many start-ups or SMEs in the UK. However, applying and successfully securing them can sometimes feel like an uphill challenge.

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Football field and stadium

Wednesday, 08 May 2024

Cheers to Euro 2024: estimating how much the UK will spend on beer

With the Euro 2020 finals attracting a staggering 31 million TV viewers in the UK, you can be sure that this year’s event will be a huge opportunity for hospitality businesses across the country to flourish. To help you score big, we’ve put the work in to estimate just how many pints are predicted to be drunk and how much the UK public may spend throughout the four-week tournament. Our data delves into UK spending to provide insights that can help you maximise your profits to make Euro 2024 a winning occasion for your patrons and business.

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Credit And Debit Cards

Friday, 15 December 2023

What is a Bacs payment? An easy-to-understand guide for businesses

Transferring money between banks has never been easier in recent years thanks to digital payment methods, meaning you can send money to anyone, anywhere in the world, with the click of a button. But when a business sends money, the stakes are a little bit higher, especially when you’re sending large sums of money.

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Payroll

Monday, 27 November 2023

What is a CHAPS payment? A simple guide for businesses

In the fast-paced world of business, your company needs to be able to make quick, efficient and high-value payments as swiftly as possible. This is where the CHAPS transfer method steps in, offering a robust solution for those critical, larger-sum transactions.  But what exactly is a CHAPS transfer, and is this payment option something that all businesses should consider using? We’ll deep dive into everything you need to know about CHAPS payments.

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Festive Season

Friday, 17 November 2023

How to prepare your business for Christmas: 5 tips for the festive period

The festive season is creeping up on us – it’ll be here before we know it. As well as being an important commercial event and a cultural holiday, Christmas requires plenty of preparation. For many businesses, performance over the festive season can determine whether they make a profit that year. As the retail landscape grows more competitive, it’s crucial to get it right and plan your festive strategy sooner rather than later.

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Monday, 13 November 2023

Black Friday: 7 Ways Small Businesses Can Prepare for Success

Although Black Friday initially has its roots across the pond in America to mark the Friday after Thanksgiving, the occasion has gone global and has fast become a huge shopping day here in the UK too. In recent years, Black Friday has also spurred the creation of ‘Cyber Monday’ and ‘Cyber Weekend’ – where e-commerce businesses can cash in by offering huge savings and discounts online across a three-day period, creating a weekend retail phenomenon. Research has found that over half of UK adults (51%) plan to shop over the Black Friday weekend, with total Black Friday sales in 2022 reaching an estimated £12.3 billion.

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