For many UK businesses – depending on what sector they’re in – the summer can traditionally be a slower time of the year. As a business owner though there are lots of tasks which could be tackled during this potentially quieter time, which you can then reap the benefits of over the next few months. […]
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As we emerge from the pandemic, we are witnessing a sharp increase in the number of insolvencies registered in the UK. According to figures from The Insolvency Service, between 1 January and 31 March 2022 there were 4,896 registered company insolvencies. After seasonal adjustment, the number of company insolvencies in Q1 2022 was 6% higher […]
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If you’re a sole trader, then your second payments on account deadline is on the horizon – 31 July this year – when you are expected to pay half of your estimated tax for the 2021/2022 tax bill. This figure, which appears on your most recent tax statement (which you can access online) is based […]
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The sunshine over the past few days has encouraged a lot of us to venture outdoors and even book a few days away to make the most of it. Many of us rediscovered beautiful corners of the UK over the past two years, when travel abroad was tricky and, for many months, impossible. Now, while […]
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While the Covid-19 pandemic was bad news for many businesses, it did lead to an increase in people launching their own ventures for the first time. While many of us are happy to go it alone with a new business, some people grab the opportunity to do it with a friend, relative or colleague. With […]
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If you are a sole trader and not yet VAT registered, it’s vital to make sure that they don’t accidently end up exceeding the VAT threshold. Currently this figure stands at £85,000 but businesses can choose to register even if their turnover is less than that amount. We’d suggest that if your turnover is heading […]
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Here at Lewis & Co, we do not just help you with your accountancy and tax needs, but offer a payroll service too. This is led by Lorraine Kendall, who has been part of our team for two and a half years. “As soon as a business takes on just one employee, then there are […]
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Across the UK, the number of community interest companies is growing, as a response to current issues including rising fuel prices and the impact of Covid-19. There is evidence that the pandemic spurred people on to be more community-minded, setting up neighbourhood projects including food banks and retail hubs. The Annual Report 2020/21 from the […]
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The Tech Nation Report 2021 from TechUK, which looked at the state of play for the UK’s tech sector, showed another year of strong growth, even in these challenging times. In fact, it raised the third highest amount of venture capital investment in the world (behind only the US and China). The IT sector in […]
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Clients often ask us when the best time of the year is to launch a new business and our answer will usually be February or March. According to a report by Aldermore Future Attitudes, UK small businesses launched in spring tend to ‘triumph over’ companies created during other seasons. From an aspirational point of view, […]
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