Business valuation serves as a comprehensive assessment of your business’s worth. It goes beyond financial metrics and encompasses various factors that contribute to the overall worth of your business. Being aware of the value of your business and the factors that influence this can then inform and influence your decisions in crucial areas like attracting […]
In the dynamic world of managing a business, one of the most critical elements to success is effective cash flow management. Cash flow forecasting is a fundamental tool for business owners to navigate financial challenges and ensure sustained growth. In this article, we will delve into the importance of cash flow forecasting and talk about […]
Many of us make resolutions in January to try and reduce work-related stress and improve our wellbeing. But they can quickly fall by the wayside once we get back into the swing of work and running our business. Are there any simple practical steps you could take to improve your wellbeing and that of your […]
Coming into force from 1 January 2024, the Working Time Regulations, as amended by The Employment Rights (Amendment, Revocation and Transitional Provision) Regulations 2023, introduced reforms that simplify holiday pay and entitlements. Following Brexit, any European laws that were retained in the UK automatically expired on December 31 unless legislation was brought in to keep […]
Recent tax changes have made it even more important to consider whether it is best to trade as a limited company. We are regularly asked, ‘should I incorporate my business?’. The reality is that there is no easy answer. Each situation has to be judged individually. As well as the obvious issues of tax and […]
This month the Bryden Johnson team are moving their way to 125 miles to both celebrate 125 years of Bryden Johnson, and to raise awareness for men’s health as part of Move for Movember. One of the areas that Movember UK focuses on is Mental Health and Suicide Prevention. Exercise has been shown to help […]
The Chancellor announced major changes to the National Insurance contributions (NICs) system. Employees and NICs The government will cut the main rate of Class 1 employee NICs from 12% to 10% from 6 January 2024 so that employees can benefit as soon as possible. Comment According to the government, this will provide a tax cut […]
UK inflation fell to 4.6% in October, due mainly to a fall in energy prices, but in general, supplier prices remain volatile. High interest rates and a stagnant economy mean managing your business’s cash and understanding the flow are now vital tools in maintaining resilience and being able to adopt flexible strategies for success. Cash […]
Disruptions due to the weather can happen anywhere at any time. Taking time to plan and prepare your business can save you time and money when something untoward happens. There are simple steps all businesses can take to ensure that they are prepared for adverse weather such as: signing up for flood warnings; installing flood […]
The UK government has announced tougher measures to tackle the issue of late payments to small businesses. These new measures will be included in the upcoming Prompt Payment & Cash Flow Review, due to be published shortly and will improve delivery and enforcement of policies, enabling more small businesses to get paid on time. New […]
