As we move further into 2026, cost management remains one of the biggest challenges facing small and medium-sized businesses. While there are signs of improving confidence across the UK economy, many businesses continue to feel pressure from rising wages, supplier costs and overheads. The good news is that with the right planning and financial visibility, businesses can take...
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,...
As we move into a new year, we’d like to wish all our clients at Accountants247 a very happy and successful year ahead. A new year is an ideal time to pause, reflect on the past 12 months and plan confidently for what’s to come. For small and medium-sized businesses, the year ahead brings fresh opportunities but also...
The festive season often brings extra spending for businesses — staff parties, gifts, decorations, client hospitality and end-of-year celebrations. However, not all Christmas-related costs are tax-deductible and misunderstanding the rules can lead to unexpected tax bills later. Below, we explain what UK small and medium-sized businesses can legitimately claim, what HMRC restricts, and how to stay compliant while...
The festive season is the busiest and most financially significant trading period for many UK small businesses. Whether you operate an online shop, a local service, a hospitality business or a retail outlet, careful preparation can improve cashflow, boost profitability and reduce operational stress. Below is a practical Accountants247 guide to help small businesses get financially and operationally...
If you’ve ever spent weeks (or months!) chasing a client for payment, this one’s for you. The UK government has announced plans to crack down hard on late payments to small businesses and it could mean faster cash coming into your bank account. Here’s what’s changing, why it matters and what to do about it. The problem: Big...
Running a small business in the UK means wearing many hats from marketing, sales, customer service, and everything in between. But one area that you can’t afford to overlook is your statutory and tax deadlines. Missing them can lead to unnecessary stress, penalties, and even cash flow problems. At Accountants247, we want to give you a clear, simple...
If your business trades with the United States - whether importing components or exporting finished goods. You’ll want to pay close attention to the latest changes in U.S. trade policy. Several new tariffs have recently been implemented, and they could directly affect your costs, margins, and supply chain strategy. Here’s a breakdown from the Accountants247 team of what’s...
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....
Running a small business right now isn’t easy — rising costs, cash flow pressure, and cautious lenders can make it tough to move forward. That’s why I wanted to highlight something that might help: the Growth Guarantee Scheme, a government-backed loan programme designed specifically for small and medium-sized businesses. Whether you’re an established client or we’ve just started...
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