For many small business owners, paperwork and administration are simply part of running a business. But the Government is now looking at ways to reduce the amount of time businesses spend dealing with corporate reporting and regulatory requirements, with proposed reforms expected to save businesses more than £450 million a year. The changes are part of a wider...
It's good news for small businesses as the Government has announced new measures aimed at improving access to finance for UK SMEs, with reforms expected to unlock billions of pounds in additional lending over the coming years. The changes focus on expanding the support available through the British Business Bank's Growth Guarantee Scheme, helping more businesses access the...
Artificial Intelligence has been one of the biggest business buzzwords of recent years, but for many small business owners it has remained difficult to know where to start. Questions around cost, skills, security and return on investment have often left SMEs watching from the sidelines while larger organisations experimented with the technology. That may be about to change....
For many UK small businesses, cash flow remains one of the biggest challenges in 2026. While inflation has eased, interest rates remain high and the cost of borrowing continues to put pressure on day-to-day finances. With the Bank of England base rate still elevated, overdrafts, loans and credit facilities are significantly more expensive than they were just a few years ago....
Artificial intelligence tools like ChatGPT and other online finance platforms are becoming a normal part of day-to-day business life. Many SME owners are already using them to draft emails, create marketing content and even ask questions about tax, payroll and financial decisions. Used well, AI can be a powerful productivity tool. Used without context or professional oversight, however,...
If you are looking to borrow money for your business, it’s very important to understand the risks attached to signing a personal guarantee. While PGs are common in the UK lending market, they can have serious implications for your personal assets and overall financial security. What is a Personal Guarantee? A personal guarantee means you, as a business...
In 2025, small and medium-sized enterprises (SMEs) in the UK face a unique moment of opportunity and challenge. While costs remain high and competition is fierce, the tools to work smarter - not just harder - have never been more accessible. At the heart of this transformation is artificial intelligence (AI) and the wider push toward digital transformation....
In today’s fast-paced business environment, staying compliant isn’t just about avoiding fines—it’s about building a sustainable and trustworthy company. From tax obligations to payroll regulations and financial reporting requirements, small businesses face a maze of rules that can be overwhelming to navigate alone. That’s where Accountants247 come in. More than just number-crunchers, we can be your strategic partners...
Introduction The International Monetary Fund (IMF) has recently provided updated projections on global interest rates, offering crucial insights for businesses. As accountants, understanding these developments is essential for advising you and planning for the future. Global Interest Rate Trends IMF Managing Director Kristalina Georgieva indicated that while inflation is decelerating, core inflation remains persistent. Consequently, interest rates are expected to...
The Chancellor of the Exchequer, Rachel Reeves, delivered the Spring Statement on Wednesday 26 March. With the full Budget now moved to the Autumn, the Spring Statement was a chance for the Labour Government to respond to the latest economic forecasts from the Office of Budget Responsibility (OBR) and to set out its wider economic strategy. But, as...
Accountancy247 provide cost-effective, high value solutions to meet every clients needs regardless of the size of their business.
Hi, i'm James. If you have any questions please email me at sales@accountants247.co.uk
