The findings of Armstrong Watson's latest Family, Privately Owned and Owner-managed business survey reveal 49% of business owners are worried about the impact of cashflow and not having enough to cover their outgoings.
Whether you are a national law practice or a small local firm, one of the key decisions that must be made will be the succession of the managing partner. It is 100% certain that this will happen at some point if the firm is to continue … it’s just a matter of when and to whom!
It seems not long since we finished the 2023 financial reporting cycle, but we've entered the final term of school, and the 2024 year-end is fast approaching.
Tax enquiries can happen to anyone – some taken up on an entirely random basis - so it is worth familiarising yourself with the types of enquiries HMRC conducts.
If you want to make your invoices stand out, get paid faster and save time, leading cloud-based accounting software Xero, and its advanced invoice features, can help you achieve this.
There are a number of things to consider when it comes to starting your own business and near the top of the list will be choosing the most suitable trading option.
From December 2021 until August 2023 the Bank of England raised interest rates from a historic low of 0.1% to 5.25%. As a result, many law firms are now receiving significant amounts of interest income on client monies.
A string of changes for businesses and individuals are now in force and it is vital to consider how they will impact you and your business when it comes to your financial planning for the new fiscal year.