The UWM Blog

[12.03.2020]

How the 2020 Budget Will Impact Small Businesses

On March 11th, 2020, the new chancellor of the exchequer, Rishi Sunak, announced the spring 2020 budget, which saw a host of pledges to help businesses. It wasn’t surprising that the coronavirus outbreak (COVID-19) dominated the budget, causing many last-minute changes to help level the UK economy. As a small business owner, here’s what you […]

[05.03.2020]

Sole Trader, Partnership or LLP: Which is Right for Me?

Taking the plunge and setting up your own business is both an exciting and daunting time. You may think that you’re set once you’ve established your product or service, business name and funding, but that’s not all you have to consider. You must also decide on the structure of your business. This will determine your […]

[20.02.2020]

4 Ways an Accountant Could Save You Money

When you outsource certain aspects of your business, it’s easy to focus on the expenditure. However, with any services, it’s important to consider the value-add. That’s particularly relevant to accountancy, as it could actually save you money and go some way to ‘paying for itself’. In this post, we’ll look at four ways hiring an […]

[10.02.2020]

Making Tax Digital on Hold Until 2021

Making Tax Digital (MTD) has been a real worry for some businesses over the past few years. Many struggle with the digital tax return process while others are still putting off the switch and filing their returns by paper. Whatever the case, there’s good news for 2020 as the Government has confirmed that MTD will […]

[01.02.2020]

How to Never Miss the Self-Assessment Tax Return Deadline Again

The self-assessment deadline for tax returns has passed once again. While the majority of people manage to get it done by 31st January, around 700,000 (according to 2019 figures) miss the deadline each year. Unfortunately, that means financial penalties which could get worse the longer you leave it. The good news? You don’t have to […]

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