Budgeting is the backbone of any business, large or small, providing a roadmap for managing resources, anticipating challenges and setting realistic goals. For small and medium-sized enterprises (SMEs) especially, a robust budget can mean the difference between thriving and simply getting by. Let’s look at how to build a business budget that supports your financial health, plans for contingencies and prepares you for the future.
The Autumn Budget 2024 tackles fiscal gaps with selective tax hikes on employers, personal wealth, and capital gains, while supporting low-income households and smaller businesses to balance growth with financial responsibility.
Private school VAT could affect 55% of parents; UK house prices near record high; IFRS15 meets expectations despite challenges; and Treasury rethinks Non-Dom tax status changes.
Small and medium-sized enterprises (SMEs) are often seen as the backbone of the economy, contributing significantly to job creation and innovation. As the world becomes increasingly interconnected, more SMEs are considering international expansion as a growth strategy. While this presents exciting opportunities, it also comes with its own set of challenges. We’ll explore how SMEs can expand internationally while managing risks and maximising potential.
Life is full of significant milestones – whether it’s getting married, buying a home or preparing for retirement. These moments can be both exciting and financially challenging. Without proper planning, they can bring unexpected stress. That’s why financial planning is essential for navigating these changes with confidence.