Of course, I would say yes as payroll outsourcing is one of our core services! However, at Tandem Business Solutions over the past 12 months seen our payroll client base increase by over 200%. I believe this really comes down to the fact that out of all the duties an employer has, payroll is the […]
Should I outsource the payroll for my business? Read More »
A small business might look for a business loan when it needs extra cash to grow, cover slow seasons, buy equipment, or grab a great opportunity. It’s also helpful for managing unexpected expenses, hiring staff, or consolidating debt—basically, whenever a little financial boost can keep things running smoothly. So, we started our business, put in
How do I get a business Loan? Read More »
For whatever reason we decided to set up our businesses and become our own bosses, everyone does it for their own personal reasons. And the reasons for starting your own business can be varied. People start their own business for independence, creativity, and the freedom to shape their career. Many are driven by a passion
The reason I started my own business Read More »
The feedback I receive from clients is that 2024 has been a very challenging year for business and the prospect for 2025 does not fair much better. Business owners who have been trading for many years have had to overcome great challenges, either being personal or economic. It is therefore understandable with all that is
Planning Your Business Development Read More »
I would say that nowadays most business owners understand and regularly review their Profit and Loss accounts. However, how many on a quarterly basis review their Balance Sheet, or even fully understand the data! So, what is a Balance Sheet? This is a snapshot of the financial position of a business. In a specific period,
What is a Balance Sheet Read More »
By now, all those who have to file an annual self-assessment tax return should be aware that the last filing date and payment date is the 31st of January following the tax year. So, the SA Tax return for tax year 2023/2024 is due by 31st January 2025. HMRC have a list of all the deadlines
When should I file my Self-Assessment Tax Return Read More »
The Marriage Allowance was introduced in the 2015-16 tax year to enable spouses and civil partners to transfer part of their income tax personal allowance if they are not earning up to the threshold. This is different to the Married Couples Allowance (MCA) which only benefits couples if one of them was born before 6th
Marriage Allowance- is it worth claiming? Read More »
Put a group of bookkeepers and accountants in the room and the conversation will always get round to, “What a shambles HMRC are!” What are the HMRC responsible for? For small businesses, the UK HMRC (Her Majesty’s Revenue and Customs) manages tax collection and provides guidance on tax obligations. It ensures businesses pay the correct
HMRC – Nemesis or Saviour? Read More »
One of the key services we offer at Tandem Business Solutions is an Annual Business Health Check. Health is something we all focus on at some point, whether it being for ourselves or businesses. As the saying goes,” we only know what we know!” So again, I am talking about reviewing your business accounts! Why
Annual Business Health Check Read More »
One of our goals at Tandem Business Solutions is to provide an updated and accurate P&L report to our clients 2 weeks after the month end, being fully updated to the previous month. This then provides our clients with a clear picture as to how their business is performing and in a timely manner to
The Profit and Loss Report- Part 2 Read More »