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.
Important KPIs You Should be Measuring in Your Manufacturing Business
In any business, it is vital to keep your top and bottom line healthy. This is particularly essential if you are a manufacturing company. As a fast paced industry, you need to be efficient in your manufacturing process – KPIs are necessary to...
How Can You Improve the Cash Flow Health of Your Business?
Are you struggling with late payments? All business owners know that cash is the lifeblood of any business. The key to improving your cash flow is to monitor your outgoings as well as your incomings – this means you need to manage your expenses as...
The Benefits of Using Xero to Manage Your Building and Construction Projects
Do you want to increase efficiency and grow your business? Xero is an especially effective tool for those businesses in the building and construction industry. The many features and functionality make it the perfect accounting solution for...
The Impact of the New National Insurance Changes
Increases to National Insurance Contributions (NICs) are on the way. But do you know the full implications for you and your business? We’ve got the lowdown. You’ll no doubt have seen the news of a rise in both employees’ and employers’ National...
How is Industry 4.0 Revolutionising the Manufacturing Industry?
It’s time to ditch the Excel spreadsheets and develop smart factories. Industry 4.0 (referred to as the Fourth Industrial Revolution) was first introduced in 2011 by the German Government as a strategic initiative to fully computerise the...
Is Managing Payroll Keeping You Awake at Night?
Is managing payroll one of the pain points on your to do list that keeps you awake at night? It’s fair to say the Covid-19 pandemic has changed the way we work, including how businesses manage and process their payroll. When you are tied up running...
Accounting for Charities and Non-Profits
How the third sector is assessed for tax. Anyone who’s involved in operating a charity knows how it differs from running a business, both in terms of motives and objectives. HMRC treats non-profit organisations and charities very differently to...
What Value Can Automation Bring to Your Business?
If there’s a manual task in your business that’s taking up time, automate it. Automation removes the manual workload and streamlines your processes. Automation has the capacity to revolutionise your efficiency and productivity. But how many of the...
Basis Period Rules In Line for Reform – what might this mean for your business?
Unincorporated businesses could be about to see significant changes to the ways in which they are taxed, following the launch of a Government consultation. The Government plans to reform the basis period rules in a bid to simplify how...
Making Tax Digital (MTD) For Income Tax
Introduction Self employed businesses and landlords with annual business or property income above £10,000 will need to follow the rules for MTD for Income Tax from their next accounting period starting on or after 6 April 2023. What is “Making Tax...
Taking Charge of Planning Your Estate
Increasing house prices raise inheritance tax risk. Soaring house prices coupled with certain thresholds being frozen in the most recent Budget have the potential to drag more estates into the inheritance tax net over the coming years. Back in...
Grow Your Manufacturing Business Through Digital Innovation
How can we make manufacturing sustainable in the digital age? The UK manufacturing industry is currently experiencing a huge shift in the way it runs its manufacturing processes – increasing competition is putting pressure on organisations to...
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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.
