For many business owners, the first number they look at is turnover. It's an important measure, but it doesn't tell the whole story. A business can have a healthy sales figure and still be leaving significant profit on the table. With signs of greater resilience emerging in the UK economy, including stronger services activity and improving consumer confidence,...
Growing your team is an exciting sign that your business is moving forward. Whether you're taking on additional staff to meet demand, bring new skills into the business or free up your time to focus on growth, expanding your team can be an important step. Before you start recruiting, it's worth looking beyond the advertised salary and considering...
Six simple checks before you switch on your out-of-office. Summer is the perfect time to take a well-earned break, but for many business owners, switching off completely isn't always easy. From unpaid invoices to looming tax deadlines, it's understandable to worry about what's happening while you're away. A little planning before you leave can make all the difference,...
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...
Every business owner wants to improve profitability, but increasing profits isn't always about selling more. Often, the biggest gains come from making better use of the resources you already have. By taking a closer look at your pricing, processes and financial information, you may discover opportunities to increase your bottom line without significantly increasing your workload. Here are...
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....
The Government’s announcement of temporary VAT relief measures has arrived at an important time for many UK small and medium-sized businesses. With rising wage costs, higher energy bills, and continued pressure on consumer spending, many SMEs have been operating with increasingly tight margins throughout 2026. For businesses in hospitality, tourism, leisure, and other customer-facing sectors, the relief measures...
From April 2026, significant changes to the business rates system are coming into effect across England. For many SMEs, this could mean changes to monthly overheads particularly for retail, hospitality, leisure, and businesses operating from larger premises. One of the biggest changes is the introduction of new business rates multipliers, alongside the 2026 property revaluation. The current Retail,...
Choosing the right business structure is one of the most important decisions you’ll make when starting or growing a business. In 2026, the choice between operating as a sole trader or a limited company still comes down to tax efficiency, risk, and how you plan to grow. Here’s a clear, practical breakdown to help you decide. Sole trader:...
From April 2026, increases to the National Minimum Wage and National Living Wage are set to impact businesses across the UK. For SMEs, particularly those with larger teams or tight margins, even small hourly increases can have a significant effect on overall payroll costs. The updated rates mean higher earnings for employees, but also increased financial pressure for...
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