Recent Posts by Dev19

Spring Statement March 2025

The upcoming Spring Statement, scheduled for March 26, 2025, is shaping up to be a pivotal moment for Chancellor Rachel Reeves and the UK economy. Based on recent reports from the accounting press and national newspapers, here's what we might anticipate: Economic Context and Fiscal ChallengesThe UK is currently grappling with sluggish economic growth, elevated borrowing…
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20 Cash Flow Warning Signs Small Business Owners Cannot Ignore

Cash flow is the lifeblood of any small business, and keeping an eye on certain indicators can help business owners spot potential trouble before it becomes a major issue. Here are the key cash flow warning signs that should raise concern:Declining Cash ReservesIf your cash reserves are consistently shrinking, it's a sign that your business…
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Understanding the Profit Breakeven Point

For any business, knowing when it will start making a profit is crucial. The profit breakeven point is the moment where revenue covers all costs-meaning you're no longer losing money, but you're not making a profit yet either. Understanding this point helps business owners make informed decisions about pricing, sales targets, and cost management.Why Is…
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Selling online and paying tax

Selling online? Whether it's a hobby or a business, you may need to pay tax if your earnings exceed £1,000. From services to content creation, it's vital to understand self-assessment rules and new reporting obligations for online platforms starting in 2024.If you are selling anything through an online marketplace, it is important to know that…
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