Resources
How the Bank of England’s Interest Rate Decision Affects Small Businesses
The Bank of England (BoE) decided yesterday to hold interest rates steady at 5.25%, despite inflation easing to the target of 2%. This decision, closely monitored by small business owners, carries significant implications. Understanding these effects is crucial for navigating the current economic landscape and planning for the future.
UK Grocery Inflation Drops to Lowest Rate Since October 2021
After what feels like an eternity of watching prices creep higher and higher, UK grocery inflation is finally showing signs of slowing down. For the first time since October 2021, we’re seeing a significant dip in the rate of grocery price increases, which comes as a relief to many small business owners.
This blog dives into the details and explore what this means for you and your business.
Strategies for surviving economic downturns
Discover strategies for surviving economic downturns. Manage finances, diversify revenue, and support your team with our expert guidance.
Understanding the Difference Between Sole Trader and Self-Employed
Navigating the world of business ownership can be a bit of a maze, especially when it comes to understanding the different labels and structures. Two terms that often cause confusion are “sole trader” and “self-employed.” While they are related, they are not exactly the same. This blog ‘Understanding the Difference Between Sole Trader and Self-Employed’ breaks down in simple terms to clear up any confusion.
UK Economy Flatlines in April 2024
The UK economy saw no growth in April 2024, with particularly wet weather discouraging shoppers and slowing construction.
Official data from the Office for National Statistics (ONS) indicates that this outcome was anticipated, following robust growth from January to March which had pulled the economy out of a recession.
This failure to grow comes at a critical time, with the general election on 4th July looming, making the economy a key battleground for political parties.
The General Election 2024: What it Means for Your Small Business
The General Election 2024 is just around the corner, and it’s more than just a national event; it’s a pivotal moment for small businesses across the UK.
As we brace for the potential changes and opportunities that come with a new government, it’s essential for small business owners to stay informed and prepared.
Bookkeeping basics: streamlining your financial records
Your business can be exciting as you get to do exactly what you want with your time. But you still have to keep up with the bookkeeping basics.
Practical steps to expand your business
Expansion is a critical decision that comes with its own set of challenges and opportunities. Accounts Direct explores the best practices to expand your business.
Preparing for the New Financial Year: A Checklist for SMEs
As the calendar pages turn and a new financial year looms on the horizon, it's time for small and medium-sized enterprises (SMEs) in Manchester and beyond to get their ducks in a row. Preparing for the new financial year isn't just about closing books and paying...
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