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Welcome to the Friend and Grant blog area.  Here you will find all the latest news, views and helpful guides in relation to accountancy, taxation and running a business.  We hope you find the information we post interesting.  Give us a call if you’d like to discuss how we can help you and your business.

10th Jul 2020
laptop with papers of graphs

The Chancellor’s “Summer Economic Update”- gimmicks or sound economic policies?

On Wednesday 8th July 2020, the Chancellor Rishi Sunak made a speech entitled “Summer Economic Update” where he unveiled further Government supports and he unveiled the Government’s plan for jobs, which he described as the “Second phase in in the Government’s economic response to the crisis.” Gimmicks or sound economic thinking?

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10th Jul 2020
lego electrician

Urgent! Landlords make sure you don’t fall foul of new electrical safety standards

As of the 1 July 2020 landlords of private rented accommodation are now required to have their electrics and wiring inspected and tested every 5 years by a qualified, competent professional. This is called an Electrical Installation Condition Report.

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7th Jul 2020
2 brown trees

How to grow your business using moments of truth

There are many ways to grow your business. Moments of truth is a simple strategy which when adopted can transform any business. It involves breaking down processes into bite size bits or interactions and ensuring that each interaction becomes a positive experience.

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7th Jul 2020
lady smiling holding a light bulb

How creating or joining a Mastermind Group can help grow your business.

The mastermind principle is a well established business strategy that has been around for many years. Napoleon Hill discussed the mastermind principle in his book “The Law of Success” written way back in 1925. The mastermind principle was the second of 16 principles which Napoleon Hill believes must be followed in order to become successful.

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3rd Jul 2020
person holding grinder

Warning! Doing works on a property? You might need to operate a Construction Industry (CIS) scheme.

The construction industry scheme is designed to stop tax on invoices raised by the self employed or limited companies (called subcontractors) who provide labour within the construction industry to businesses which are also within the construction industry (called contractors).

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10th Jun 2020

Don’t miss the deadline to claim your self-employed grant!

The deadline for the 1st round of self-employed income support scheme grants is 13 July 2020. Make sure you do not miss out on making a claim.

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8th Jun 2020
bank notes

Cashflow problems? How do I build a better credit control system?

Cash is king! In bad times there isn’t the luxury of being slack with extending credit to customers. For many businesses poor cash collection is the difference between life and death. Here are 15 easy steps to building a better credit control system and improving cashflow management.

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1st Jun 2020

An important update to the Coronavirus Job Retention Scheme

On 29 May 2020, the Chancellor announced some changes to the Coronavirus Job Retention Scheme that will likely impact a lot of businesses - the "Flexible Furlough Scheme"

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8th Jun 2020
Black samsung tablet showing graphs

Looking to increase your profits? Is it a good idea to voluntarily register for VAT?

Business startups and small businesses often do not need to register for VAT. However by registering for VAT the VAT incurred on expenditure can be recovered potentially increasing profitability. The article explores the circumstances when voluntary registration makes sense and when it doesn’t.

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