Finance and accounting key areas are mostly hinged on regulatory framework updates, albeit they currently undergo changes during our gradual recovery from the pandemic. 

Business owners have a lot on their plate. Everyone is working hard to stabilize their footing and find ways to grow in the midst of the COVID-19 pandemic. The amount of work that they do often lead them to neglect their personal needs and lead to business owner burnout. Self-care is important, especially for business owners like yourself who are hard at work. Here are some reminders on how you can better take care of yourself.

What is Making Tax Digital? Also known as MTD, the UK government introduced the approach to bring their vision of modernising the tax system to life. 

Before the pandemic, it's important for you as a business owner to develop adaptability, emotional intelligence, problem-solving, good leadership, and socialization skills. But because of the changes in consumer behaviors, workplace practices, and talent expectations, these conventional skills are no longer enough. You must develop new skills and qualities to lead your business towards the path to recovery.

Last 3 March, Chancellor Exchequer Rishi Sunak announced the creation of freeports around England this 2021 to open a plethora of opportunities ranging from tax reliefs, special regulatory requirements, customs benefits, and expansive government support. 

The series of lockdowns, global supply chain problems, and rising costs in wages take a huge toll on the bottom line of small businesses. Unlike their larger counterparts, smaller entities have limited cash reserves — making it difficult to survive and recover after months of slowdown. With a limited budget in place, is accounting still a relevant and worthwhile investment to pursue? The answer is always a yes.