Blog
Commentary and insight
Our team of experts keeps a close eye on developments in tax law and financial regulation. Our blog is where they interpret the ever-changing statutory landscape in plain English, highlighting what’s important and offering practical advice on what businesses can do to avoid pitfalls or seize the opportunities presented.
Buying or Selling a Business? How to Stay Compliant with GDPR
With just over a year since the EU General Data Protection Regulation (GDPR) came into force, there are still many in the dark as to what they can and can’t do with data, especially with those who are buying and selling businesses – it is becoming...
New Open Banking EU Directive to Affect Bank Feeds in Xero
On 14 September 2019, new requirements for authenticating online payments will be introduced in Europe as part of the Second Payment Service Directive (PSD2). The purpose of these requirements is to give you more control of your banking data and...
How Can KPIs Improve Your Business Performance?
Key Performance Indicators (KPIs) are measurable values that show how effectively a business is realising its key objectives. How you measure the success of your business is vital to ensure you meet your overall strategic plans and objectives....
Bringing Your Year End Accounts to Life
Are you fed up with your usual year end accounts meeting where your accountant talks you through your statutory accounts and you are not sure exactly what they mean? Year end accounts are seen by many clients as a necessary evil. So as part of our...
How Can Xero Meet Your CIS Obligations?
If you are a construction business in the UK, you have to comply with tax rules set by the Construction Industry Scheme (CIS): HMRC - Construction Industry Scheme. The CIS applies to contractors, subcontractors and any business that has a high...
How Can a Virtual FD Add Value to Your Business?
Do you want proper control of your business finances? Many SMEs are extremely busy running their businesses and don’t have the time to keep on top of their financial accounting function, nor do they have the expertise required to ensure their...
Top Tips on How to Improve Your Cash Flow
Cash flow is one of the biggest challenges any business has to face and is especially time consuming for owner-managed businesses. Good cash flow management is critical to ensure the success of your business. The Horsfield & Smith team thought...
Top Tips on How to Increase Your Profit
As a business owner, your profits are your reward for all your hard work and are the only accurate measurement of your success. Profits stimulate growth, support the business owner, provide for the wellbeing of staff and determine the success or...
Good Reasons to Outsource Your Bookkeeping
Accurate and up-to-date financial records play a vital part in the success of any business. Many business owners try to save money by doing their own bookkeeping or delegating it to another member of staff. By doing so, they are using up valuable...
The Importance of an Exit Strategy
What is an Exit Strategy? An exit strategy or “succession plan” is a plan for when you want to leave your business. Most entrepreneurs sell their business for a change of ownership. Executing a well thought out exit plan or strategy can...
What we can do for you
Find out more about the full range of business and tax advisory services Horsfield & Smith offers to businesses and individuals across Greater Manchester and the North West of England and see how we can help you achieve your goals for growth.
