George Hay Blog

Realistic New Year’s resolutions for your business
January 7, 2022

Realistic New Year’s resolutions for your business

‘New Year’s resolutions may be a little cliché, but we challenge you to think of them differently, as we head into 2022… Reframing New Year’s resolutions Is the real problem that the New Year’s resolutions we set ourselves are unrealistic; that we’re expecting miracles? Should we replace the resolution label,
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Streamlined accounting and strategic advice to support business growth
October 14, 2021

Streamlined accounting and strategic advice to support business growth

More often than not, businesses with growth ambitions come to us looking for two distinct but complimentary things – streamlined accounting, and strategic business advice. Streamlined accounting processes When in business, whether you are experiencing a period of growth or not, time is your greatest ally, but it can be
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Do I need an ATOL accountant?
August 6, 2021

Do I need an ATOL accountant?

ATOL registered companies are required by the Civil Aviation Authority (CAA) to submit financial information that has been certified by an ATOL accountant. ATOL registered companies hold a current ATOL licence; this, in theory, encompasses all UK travel companies selling air holidays or flights. Why do I need an ATOL
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Can home office costs be met by my limited company?
August 3, 2021

Can home office costs be met by my limited company?

Whilst many are enjoying the benefits of remote working, lacking a dedicated space from which to do so can wear thin. As such, thoughts turn to creating a more ‘permanent’ and comfortable home office space. If you’re a company director, you may be wondering whether your business could subsidise the
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Money badge introduced for cub scouts
July 19, 2021

Money badge introduced for cub scouts

The Scout Association has launched a new badge for Cub Scouts and Beavers to earn, called “The Money Skill Activity Badge”. The aim is to provide an ‘age-appropriate’ introduction to the realm of money and finances, for young children and adolescents. In order to earn the Money Skill Activity Badge,
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Let Property Campaign: An opportunity for Airbnb hosts
June 23, 2021

Let Property Campaign: An opportunity for Airbnb hosts

Airbnb hosts who have neglected to declare taxable rental income have an opportunity to do so via HMRC’s Let Property Campaign (LPC). If rental income from a second property is not covered by rent-a-room relief, this should be declared on a Self-Assessment tax return. HMRC will then tax the rental
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Charity Governance: Mitigating the risk of fraud
May 14, 2021

Charity Governance: Mitigating the risk of fraud

Charity governance is still a hot topic in the third sector, with failings of trustees, founders and key employees regularly making the news. The consequences of fraud and theft are often financial devastation for the charity itself, as well as betrayal of public confidence; both effects that can take years
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