FAQs

Our fully outsourced accounts service ensures that you stay HMRC compliant, and that invoices are processed and paid promptly. With access to the latest technology and smart AI integration, you’ll receive up-to-date information about your business, so you can make smart business decisions.

Administration is a legal rescue procedure used for companies when there is a reasonable expectation that a solution can be found. It creates a legal stay against creditor action, giving your business breathing space whilst you work with us to decide on the best business recovery strategy.

The key difference lies in who is acquiring and running a business.

With a management buyout, the existing management team buys the company they work for; versus a management buy-in, when an external management team or individual buy into a business they’re not currently working for. You might choose an MBI if your company’s existing owner doesn’t want to sell up.

If you run a family business, a family buyout allows the company to pass it to the younger generation, while allowing the older generation to extract some business capital.

As well as giving you a once-in-a-lifetime opportunity, an MBO can be attractive to the existing owner, too. Among other reasons, they may feel happier leaving their company in the hands of a team they know and respect.

We begin by doing a carbon accounting readiness assessment, which helps us identify the key data required and potential gaps. From this, we suggest how to proceed, giving you a clear idea of the path forward. We’ll carry out a staff commute survey, which covers emissions associated with working from home, to give a full view.

Once we have completed the initial assessment, we can connect your Xero account to third-party software to conduct assessments for:

• Scope 1: emissions from owned or controlled sources, such as fuel consumption in company vehicles or onsite energy use, and
• Scope 2: emissions from the generation of purchased electricity, steam, heating and cooling.

While this often makes up a small portion of the overall footprint, it’s a great place to start.

The next step is to conduct assessments for:

• Scope 3: emissions from the entire value chain, including activities like employee commuting, business travel, supply chain emissions and product use/disposal.

In January 2026, FRS 102 had a significant update. These changes aim to align UK Generally Accepted Accounting Practice (GAAP) more closely with international standards, improving transparency and comparability.

By using our FRS 102 hub, you’ll stay informed, reduce compliance risk, and ensure your financial reporting remains accurate and transparent. Whether you’re an SME or a larger organisation, these resources will help you navigate the changes confidently and turn compliance into an opportunity for better reporting.

Both provide an external opinion on whether your accounts give an accurate view of your charity’s finances. An audit is a more detailed review of your financial statements and the systems behind them and must be carried out by registered auditors. An independent examination is a lighter review, suitable for smaller charities.

We help you manage the tax consequences of large estates, which need ongoing maintenance. We also support situations where you need to diversify income, through conferencing, corporate events or commercial activity, which creates tax exposure and a complex regulatory framework.

When you’re also dealing with pension scheme liabilities, cyber risks and economic uncertainty, you need to ensure your finances are taken care of.

There are several options, including a partnership, an LLP, a limited company or a hybrid mixture.

New structures with employee ownership and external investors are becoming popular. The right structure will depend on the type of business, restrictions placed by your professional body, attitude to risk, business life cycle, and the number, age and income requirements of the owners.

While tax shouldn’t be the main driver in any business decision, the tax implications are extensive and a crucial part of any decision-making process. If you want to avoid inflexible structures and succession challenges while maximising tax-saving opportunities, we can help you with a bespoke solution.

This is a complex question with a number of different options available including

• A Partnership
• A Limited Liability Partnership (LLP)
• A Limited company
• Or a hybrid mixture of the above entities.

New structures are developing all the time with employee ownership and external investors becoming increasingly popular. The right structure for your business will be dependent on a number of factors including size of the business, restrictions placed by your professional body, attitude to risk, the stage the business is at in its life cycle and the number, age and income requirements of the owners. Whilst tax shouldn’t be the main driver in any business decision the tax implications are extensive and a crucial part of any decision making process. We work with our clients to develop a bespoke solution for every business which avoids inflexible structures and succession challenges whilst maximising tax saving opportunities.

You must keep digital records of all business income and expenses. This includes sales invoices, receipts, and other relevant documents. The records must be maintained in MTD-compatible software or apps.

You do not need to keep digital copies of your invoices or receipts, however you will need to retain the original source documents in line with the normal and current record keeping requirements.

• Assess whether your income meets the threshold
• Review your current record-keeping practices
• Set up your digital record-keeping software
• Start recording income and expenses in the software now to ready yourself for the first quarterly filing deadline in August 2026.

Employees are entitled to unpaid time off work to help someone who depends on them. For example;

• if they have children that need to be looked after because their school has closed; or
• they need to stay at home to help their child or another dependent if they’re sick or need to go into isolation or hospital.

There’s no statutory right to receive payment for this time off, but you should refer to your policy as some employers have offered to pay staff in such cases.