How Meeting Employee Needs Can Drive Success By understanding the needs of their employees and how they can fulfill them, businesses can create a work environment that fosters growth and success. In this blog post, we will explore Maslow's hierarchy of needs and its impact on business. Understanding
Dealing with the HMRC
If you are a taxpayer in the UK and you need to deal with HMRC, there are several ways you can do so: It's important to keep in mind that HMRC has strict deadlines for tax returns and payments, so it's advisable to deal with them as soon as possible if you have any queries or issues. If you're
What is a Confirmation Statement?
The confirmation statement includes details such as the company's registered office address, the names and addresses of its directors and secretary (if applicable), its shareholders, and the nature of its business activities. It also includes information about any changes that have occurred since
The Power of Why
In this blog post, we will summarise Sinek's ideas on the importance of "why" and how it can be applied to businesses and organisations. According to Sinek, most organizations focus on what they do or how they do it, rather than why they do it. He argues that this approach is flawed because it
The Five Parts of Any Business
The idea that "business is a repeatable process" means that successful businesses have a system or framework in place that can be replicated over time. This process involves identifying a problem or opportunity, developing a solution, creating value for customers, and generating revenue. By using
What are Dividends
A company must have sufficient distributable profits to pay a dividend. Distributable profits are the company's accumulated profits that are available for distribution to shareholders, after accounting for any losses, taxes, and other liabilities. The directors of the company must decide whether
Reporting your capital gains on property to HMRC
Principal Private Residence Relief (PPR) You do not pay Capital Gains Tax when you sell (or ‘dispose of’) your home if all of the following apply: Find out if you are eligible for the PPR
SWOT Analysis
The formulation of the SWOT tool has been credited to Albert Humphrey in the 1960s, but this attribution remains debatable and therer is no universally-accepted creator. The SWOT analysis is an important exercise that can be used both for organisations and individuals. Whether you are trying to
Autumn Statement 2022
Key Points An expansion to the windfall tax from 25% to 35% Freezing personal allowance thresholds until April 2028 Capital gains tax allowance cut from £12,300 to £6,000 Freeze inheritance tax nil rate bands until 2027–28 Revised the energy support package from April 2023 Dividend
Tax rises – national insurance and dividend rates
The UK Government has announced on 7 September that, from April 2022 the UK will introduce a 1.25% Health and Social Levy, based on national insurance contributions (NIC) ringfenced to fund the investment in health and social care. The levy will apply to the same population and income as class 1