Category:

Small Business

Should I change my business from a limited company to a sole trade?

March 31, 2022

  Here at WBS Accountants, we have a few limited company clients who have found their turnover dropping as a result of the COVID pandemic and its impact on the business economy. They wondered if they would be better off as a sole trader and as there are probably other businesses thinking the same thing … Read more

Top tips to make sure your invoices work hard for you

February 27, 2022

When you run a service based business it’s a reasonable assumption, after providing an awesome service, that your client will just pay your invoice straight away, and for the majority of the time, that’s quite true.  However, you may find yourself in a ‘discomfort’ zone when you find your invoices not being paid on time … Read more

7 things to think about when owning a second property

January 10, 2022

More people than ever are finding themselves in the position of owning a second property, so we’ve outlined a few fundamentals you should be thinking about… 1.  Keep a Diary This is particularly useful when you come to sell it at a later date and most of these details will help your accountant calculate any tax liabilities and … Read more

Covid-19 Lockdown 3.0 – what’s available?

April 10, 2021

As we start the gradual move out of Lockdown 3.0 and pass the anniversary of the shock of what the first lockdown on 23rd March 2020 meant for us all, we again revisit the current position on government Covid support available so that small businesses are up to date. The fact that the government have … Read more

Budget 2021 – Top 5 Takeaways

March 24, 2021

In the Chancellor’s second (real) Budget earlier in the month he announced that he had to level with people about the state of the UK economy. There were already announcements prior to Budget day of grants for High Street businesses and the hospitality sector and the widely predicted extension of the furlough scheme. The chancellor … Read more

Covid-19 Lockdown 2.0 – What financial support is still available for small businesses

November 25, 2020

  Last updated November 2020 After the initial shock of the lockdown in March, nobody can deny that the level of funding that was given by the UK government was unprecedented, and as we come out of Lockdown 2.0 we’ve highlighted below what is still available by way of financial support CJRS The CJRS has … Read more

We take a look at some other funding options available for North East businesses

October 5, 2020

  Citylife Business Support The Business & IP Centre Newcastle and NewcastleGateshead Initiative have developed a package of free support that will focus on enabling businesses to develop and implement new models of delivery to help them recover and plan for their future and this project will run until March 2021 Eligible SMEs can access: • … Read more

Covid-19 Business Support (Part 4) – Self Employed Individuals

March 28, 2020

Nobody could have planned for what the UK business community is experiencing during this coronavirus outbreak There have been so many emergency provisions announced by the government over the last week to try and provide financial support to UK businesses, to ease cash-flow, pay employees, contribute towards property costs and finally some help for the … Read more

Covid-19 Business Support (Part 3) – Business Property Costs

March 27, 2020

Nobody could have planned for what the UK business community is experiencing during this coronavirus outbreak There have been so many emergency provisions announced by the government over the last week to try and provide financial support to UK businesses, to ease cash-flow, pay employees, contribute towards property costs and finally some help for the … Read more