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Understanding your business finances is about far more than meeting your statutory obligations. While many business owners focus on sales and turnover, a deeper understanding of profitability, cash flow and overall financial performance can lead to better decision-making and long-term business success. The financial statements produced by your accountant can
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  • Table Art diversifies to provide protective screens to keep staff and clients safe

    A Midlands event-styling business has turned its expertise to creating protective screens to support restaurants and salons re-opening across the country. Table Art, based in Leamington, specialises in creating eye-catching centrepieces and event art, but with the events industry coming to a standstill has re-purposed its operations to provide protection from Covid-19. Owner Gary Martin…

  • BLOG: IR35 reform still set to be introduced in 2021 – despite impact of Covid-19.

    Anne Rose is Head of Tax at Burgis & Bullock: The planned reform of off-payroll working rules, more commonly known as IR35, has been hitting headlines again recently. MPs voted against an amendment to delay the reforms, which have already been put back 12 months, for at least another two years – this decision came…

  • Businesses urged to plan thoroughly to handle pressures of coming months

    Businesses in Coventry and Warwickshire have been urged to plan thoroughly and ensure their cash flow is prepared to handle the pressures of the coming months. Sean Farnell, Partner at accountancy firm Burgis and Bullock, which has offices across the region was speaking on the Coventry and Warwickshire Chamber of Commerce’s regular Business Intelligence Call.…

  • BLOG: JRS moves into new phase – and a warning on penalties

    Legislation has been proposed to crack down on companies who have misused the government’s job retention scheme (JRS). The consultation on the legislation closed on June 12 and it could enable HMRC to charge penalties of up to 100 per cent for incorrectly claimed support! Companies who abused the scheme could see raises in income…

  • Preparing for Brexit!

    Brexit is in the headlines again and it is clear that despite claims to the contrary it has not been “done”. Sound bites from both sides make it clear that time is running out to agree a trade deal so those businesses who can should now be making preparations for a hard Brexit- the worst…

  • Can I pay a dividend during Covid-19?

    Paying dividends in lieu of salary is common (and tax efficient) for the vast majority of SME businesses, however directors considering whether to pay a dividend during these current turbulent times should take a range of factors into account, as the decision is much more complex than many realise! Whilst the last annual accounts of…

  • BLOG: JRS extended and reflecting on Covid-19 support by Sean Farnell, Partner

    After three months of measures being introduced to support businesses through the Covid-19 pandemic, Chancellor Rishi Sunak has now outlined how the Job Retention Scheme will be drawn to a close. The latest announcement included part-time working, tapering off employer contribution and a follow-up grant for the self-employed. The scheme will actually close to new…

  • Cash flow is more important than ever – where do you go for help?

    Over recent months cash flow forecasting tools have become some of the most in demand products required by business owners. With the market growing and the need increasing, we thought it would be useful to add some commentary to this and offer some reminders and solutions, to those still in need of a starting point…

  • Businesses need longer-term support to survive release of lockdown

    A Warwickshire-based accountant is calling on Chancellor Rishi Sunak to consider a further overhaul of the CBILS scheme. Sean Farnell is a partner at Burgis & Bullock which has offices in Leamington Spa, Nuneaton, Rugby and Stratford-upon Avon. He is making the call as a member of The Corporate Finance Network, which is also calling…

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Making Tax Digital is already live for many business. Our next free MTD briefing is designed to answer the questions we hear every day from business owners:

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