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When is tax due after selling a second home?

You’d be forgiven for being a little confused when selling a second home or buy-to-let property lately. New rules that came into force in April 2020 meant you had to get your skates on to pay the Capital Gains Tax (CGT) on the profit of the sale within 30 days....

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Can I claim…? Christmas gifts and party expenses

At this time of year, we’re often asked about the tax implications of Christmas gifts and parties. Although the festive season may look a little different again in 2021, it’s an important time of year to reward employees and celebrate successes (or survival). Tax...

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R&D tax credits – where do we stand as of April 2021?

The Government continues to support UK businesses’ post-COVID recovery through Research and Development (R&D) tax credits, but are you aware of the change that came into force from April 2021? Introduced in the Finance Bill 2021 were changes to the criteria which...

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CRM’s first female Director

With new starters taking their first steps in accountancy and part-qualified accountants entering the home straight of their qualification journey, CRM is bursting with talent and growth. We are also very proud to support our more experienced staff members, whether...

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CRM Summary: The Chancellor’s Autumn 2021 Budget

Chancellor Rishi Sunak delivered his Autumn Budget on 27 October. Many key tax changes were already known from the Spring Budget 2021, but the key focus was on an increase in the Minimum Wage and Living Wage, and an increase in National Insurance Contributions to...

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A strong summer of growth for CRM

We’ve been talking about business growth all summer in our blogs and now we’re delighted to announce the latest growth in the CRM team. For our own ‘summer of growth’, we recently welcomed Charlotte Joyce back from maternity leave and two brand new trainee accountants...

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Helping Daybreak Oxford to help families with dementia

As part of our charity support, we like to turn the spotlight onto our chosen charity partner and ask them to tell us about their vital work. For 2020 and 2021, CRM has been raising funds for Daybreak Oxford, a charity that provides respite support to people living...

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The challenge of sustainable business growth

This summer, we have been exploring all things business growth: team growth, personal growth, financing growth, leading growth, pitfalls of growth and growth stakeholders. This time we’re looking at the longer-term issues of growth – how to make it sustainable and how...

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It’s MOT time for your business

We’re all used to getting an MOT done annually for our car. The test checks safety and environmental features and makes sure our vehicle is roadworthy. Although a slight inconvenience, isn’t it reassuring when you car passes its MOT and you’ve got the all-clear on the...

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How should I finance my business?

A guest blog by Andrew Smith of Outside The Box Finance Ltd Successful business growth often hinges on obtaining the right funding. We asked Andrew Smith, an expert in independent business finance to talk us through the basics for our ‘Summer of Growth’ series of...

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Your Making Tax Digital route to submission day

Businesses have known for some time about the introduction of Making Tax Digital for VAT (see our previous blog about it), but we also now need to be aware of the roll-out of Making Tax Digital for Income Tax Self Assessment (MTD ITSA). The details of MTD ITSA are...

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Customer satisfaction – a key CRM metric

A key step in facilitating business growth is looking after your stakeholders (see our recent blog). One of the main stakeholders of most businesses is the customer. It is therefore vital that there are systems in place to ensure that you are delivering the best...

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Hiring your first employee to help grow your business

A guest blog by Nicola Wallbank of Julian Taylor Solicitors In our ‘Summer of Growth’ series of articles, we asked employment law specialist, Nicola Wallbank to offer her guide to one of the major milestones for a growing business – taking on the first employee:...

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Ahead of the growth curve: a guide for leaders

Rapid expansion is the holy grail of a successful business, isn’t it? It means you’ve got the best product or service on the market, offering great value in good time to your customers, right? Leading a business through a period of full-throttle growth has specific...

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The pitfalls of growing too fast

A guest blog by Sam Jones of NGI Finance  All small businesses will set themselves the same goal, provide an excellent service or product and look to generate profit as soon as possible. There is no set pattern for business growth. Some businesses might take 5 years...

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Looking after your stakeholders on your growth journey

As we enjoy warmer weather and a more hopeful economic outlook, CRM is dedicating this summer to talking about business growth. We asked our Managing Director, Tony Hobbs to summarise his recent talk to Oxford Business Network:    Has the pandemic changed good...

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What is business growth and when should it happen?

It’s drummed into all business owners that growth equals success. But what exactly is business growth and how do you know when it’s the best time to push for it? As part of our ‘summer of growth’ series of blogs, let’s delve deeper into growth. Why is business growth...

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HOW BUILDING BRAND ENGAGEMENT HELPS YOUR BUSINESS GROW

We asked Brand Marketing specialist Kate Stinchcombe-Gillies for her top tips on building brand engagement: Today, a customer’s choices are extensive – whatever their needs. Building brand engagement first-hand with customers is vital for businesses and brands...

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It’s P11D submission time

Along with the P60 and P45, the P11D is one of the HMRC PAYE forms that employers should be most familiar with. As the 6 July deadline for submitting the 2020/21 P11D to HMRC approaches, are you sure of exactly what must be included and how to avoid the common...

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Can I claim? Business travel (yes it still exists!)

As the business world opens up and we start to attend more meetings in person, here’s a reminder of some of the travel expenses we can claim on our tax return. Business travel abroad Wherever you are in the world, travel expenses can be claimed as long as they meet...

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Celebrating a charity challenge and being together again!

It’s been a tough year for many businesses and at CRM we are pleased to have weathered the storm and are looking forward to seeing more of each other in person in the office and at our legendary social and charity events. “We’ve started to come back into the office,...

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Ready to take the big step of winding up your company?

The COVID-19 pandemic has taught us lots about our businesses and our personal lives and it has made many people reassess the balance between these two elements. The crisis has brought into sharp focus the fact that ‘the only certainty is uncertainty’. For some...

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Getting clients back to healthy fitness habits

Whilst a large percentage of people have said that they’ll never go back to their gym after lockdown, there is still a substantial number that are keen to return to their old fitness routine, but perhaps need a little encouragement and reassurance to make the first...

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What will your ‘new normal’ look like?

As more Covid restrictions are lifted, the majority of business owners are longing for an upturn in demand and a return to more prosperous times. But this is something that won’t happen without planning and preparation, managing the current challenges and forecasting...

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IR35 for engagers – what are your obligations?

If your company engages contractors to carry out work, you will be familiar with the sometimes-dreaded terms IR35 or Off-Payroll Working Rules. The roll-out for the private sector was postponed for another year in April 2020 but is now firmly in place.  This month,...

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Are You In The Zone of Optimal Performance?

The following blog is written by Melanie Greene from Inspire Transformation As part of Stress Awareness month, CRM asked me to write a blog on stress management. As an Occupational Psychologist, my approach when coaching managers and leaders is to explore what it is...

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Small green steps to make a big difference

Loren Forbes, CRM’s specialist on all things green, has observed an interesting consequence of our changing working practices through the pandemic – the reduction in carbon emissions that companies either unwittingly or deliberately are making. And CRM is no...

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10 years of vital community support for Rose Hill, Oxford

This month, we’re turning the spotlight towards a relatively new CRM charity client – Rose Hill Junior Youth Club. It’s a special month for the charity as it celebrates its 10th Anniversary, so this is a great time to look back at all their amazing achievements and...

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End of furlough redundancy clarity

With the extent of the COVID-19 pandemic now reaching it’s one year anniversary, it’s become ever-more challenging to manage the ebb and flow of people within an organisation. Employers are thinking ahead to the end of the furlough scheme (CJRS) and how their business...

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CRM Summary: The Chancellor’s Spring 2021 Budget

Chancellor Rishi Sunak delivered his Spring Budget on 3 March. As expected, the focus of the Budget was on jobs retention and creation, with several significant measures aimed at this. There were also plans announced for how the public finances would begin to be...

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Unpredictable cash flow management

One thing the uncertainty of the past year has taught us is that events beyond our control can have a disruptive and sometimes catastrophic affect on our business strategy. The global pandemic and subsequent economic recession; Brexit and subsequent trade...

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Planning your net carbon zero strategy in 2021?

Is 2021 the year you want to set targets to make your business net carbon zero? Before setting your net zero target, it’s vital that you understand the path to take and begin with small steps to reducing emissions steadily and sustainably. The first step to take is to...

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Can I claim?… pandemic working from home expenses

With more people working at home than ever before, deciphering the tax relief on those home-related expenses is no longer solely the headache of the self-employed. In addition to getting your head around the regular policies, there are some new COVID-specific rules...

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Keeping your Health & Fitness business in a fit state

Our Health & Fitness sector expert Emma Bullock has been busy guiding gym, spa, personal training and beauty clients through the immense challenges of the past year. As a keen gym-goer herself, Emma is passionate about the sector and has seen first-hand the...

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Planning for success in an uncertain world

Even before our pandemic-hit 2020, we adjusted to a world of constant change and uncertainty, but the challenges of a post-COVID business environment will require a new level of stress testing and scenario planning if our businesses are to survive and thrive. 2021...

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CRM Charity Partnership extended

We are excited to announce that the team at CRM has voted to continue our charity partnership with Daybreak Oxford for 2021. We are really looking forward to getting back on track with our fundraising events in the Spring to support this vital local support service....

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What does the post-Brexit VAT landscape look like?

The ‘honeymoon’ transition period following the UK’s official departure from the European Union in January 2020, with no trade borders or customs formalities and VAT systems remaining the same, has now come to an end. If you’re a business that trades in the EU, the...

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Better times are coming – it’s called 2021

The Coronavirus crisis exposed both the strengths and weaknesses of many businesses, proving disastrous for some and opening up new avenues for others. Whilst some business owners will be glad to close the door on 2020, hoping fervently for better times to come,...

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The spirit of CRM Christmas giving

Like many, CRM’s 2020 charity partner, Daybreak Oxford, has been hit hard by the COVID-19 pandemic. With fundraising events postponed and public donations reduced, Daybreak also saw a reduction in their services. Daybreak is a vital local charity that hasn’t been able...

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Can I claim?… for Christmas gifts

The 2020 Christmas season is certainly going to look a bit different. Big office parties might be off the list of festivities but it’s still important to reward employees and recognise their contribution in this most challenging of years. Businesses and employees are...

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What are my non-pension retirement income options?

Retirement: when you’ve climbed the mountain and it’s time to enjoy the view, to put your feet up and take some well-earned rest and relaxation. But it’s rarely that simple! With people living longer than ever, retirement can last for 30 years or more and being able...

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Is it madness to start a business in a downturn?

Plenty, like Carl Taylor, Sales Consultant, say no it’s not The chances are you’ve been spending a lot more time at home in the past few months – whether that’s because your company has asked you to work from home, you were furloughed or your job was made redundant....

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Returning to the fold: Jessica Mason

Coming back to the firm where she qualified as an accountant 12 years previously, Jessica Mason FCCA, BSc (Hons), rejoined CRM as Commercial Manager on 1 September 2020. Jessica first began her accountancy career at CRM in 2002 at the tender age of 17. She has since...

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Make it a smug Christmas by filing your tax return

Despite the government’s announcement of the delay to self-assessment tax payments (see our recent summary of the Chancellor’s Winter Recovery Plan), the deadline for your 2019/20 self-assessment tax return has not budged and still looms large on 31 January 2021. To...

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End of the line for furlough: where next?

*Please note, some parts of the scheme have recently been amended, keep an eye out on our website and social media pages for updates* The Government furlough (CJRS) payments will cease at the end of October – a big blow for small and large businesses across the...

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Ominous outlook for leisure and hospitality

As we discussed in August (How will the hospitality sector bounce back?), pubs and hotels had a reasonably positive late summer thanks to the Eat Out to Help Out scheme and a larger proportion of holidaymakers deciding to take a British ‘staycation’. But how will our...

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October tax deadlines are here

October is an important month for new business start-ups and new property owners in particular. Plus, there are other October deadlines due for different tax obligations too – are you fully aware?  1 October Unless paid by quarterly instalments, this is the deadline...

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Self-assessment tax deferral – October 2020 update

As part of the Government’s Winter Recovery Plan, the Chancellor, Rishi Sunak announced a number of measures to support the economy through the ongoing Coronavirus pandemic. These included a deferral of Self-assessment tax payments for 2020 and 2021. To view a helpful...

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Essentials of a Pension Review

We’re all aware that it is more beneficial to pay into a pension scheme over many years and start as young as possible to give it multiple years to grow, but when was the last time you reviewed your pension? An annual review is a vital part of your financial planning....

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CRM Summary: The Chancellor’s Winter Recovery Plan

Chancellor Rishi Sunak delivered his Winter Recovery Plan on 24 September, with the planned Autumn Budget being pushed back until Spring 2021. In the Winter Recovery Plan, he outlined the extension of measures to support the economy through the ongoing Coronavirus...

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Six steps to avoiding late payment horrors

Chasing late payments is a frustrating and common element of running a business but unmanageable accounts put a large strain on cash flow causing major issues, especially for SMEs. During challenging economic times, some companies decide to withhold payments to their...

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Charity begins at home but shouldn’t stay there

The detrimental effect of the Coronavirus pandemic on the charity sector is far-reaching and long-lasting. According to the Institute of Fundraising, charities are reporting projected losses of 48% to their voluntary income, with a third wiped off their total income....

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The changing face of the Health & Fitness industry

From complete closure to reduced reopening and a migration of members, the UK health and fitness sector has been one of the hardest hit over the past few months. With over 10 million fitness members attending more than 7,000 establishments before the pandemic,...

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Can I claim… Employment Allowance

The urgency with which employers were required to get to grips with HMRC’s Coronavirus Job Retention Scheme (CJRS) was challenging to say the least. Some emerging issues have had to be resolved en route and it was inevitable that some errors would occur with incorrect...

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New ways of working require solid HR backup

Navigating the different HR challenges that have arisen during the coronavirus pandemic has highlighted some gaps in how organisations manage the ebb and flow of people as they return to work or leave the business. We asked Jane Fryatt of Face2Face HR to guide us...

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How will the hospitality sector bounce back?

Even before the coronavirus pandemic, the UK hospitality sector was facing enormous challenges around staffing with new immigration rules coming into play following the Brexit transition in December 2020. The new framework restricts entry to the UK, with applicants...

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Reassessing Your GDPR Compliance

With a new reliance on digital platforms, CRM along with many organisations has been challenged with the way we safely manage data in order to do business in a Coronavirus affected world. We asked Kellie Peters, Data Rockstar and Chief Executive of Databasix to share...

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Can I claim… Property income expenses?

The world of property ownership and rental can be a bewildering one, especially when calculating the whys and wherefores of the tax you owe. For some, the vagaries of the system has put them off entirely and they have exited the property rental market completely but...

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Business improvement against a Coronavirus backdrop

In the current extraordinary economic climate, many businesses have failed to thrive or even survive. With a robust business plan in place and a flexible strategy to weather the storm, we have found that businesses on our 8 Step Business Improvement Programme have...

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CRM Summer Economic Update Summary

Yesterday, 8 July 2020, the Chancellor of the Exchequer, Rishi Sunak, presented his ‘Summer Economic Update’, just four months after the Spring Budget, as a response to the economic impact of the Covid-19 pandemic. A full Budget and spending review will take place in...

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More delays to construction VAT reverse charge

The construction industry has become used to delays in the big VAT reverse charge plans as it moved from October 2019 to October 2020. So there won’t be too much surprise perhaps that the changes have been delayed once again to 1 March 2021, due to COVID-19. At least...

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Make your tax return one less worry this summer

As a business owner, you may have found yourself with more time on your hands lately. It’s certainly not something anyone is celebrating as it is associated with many extra Coronavirus worries and challenges. One action that is a good use of time and will not only...

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P11D: ready for the deadline?

The deadline for submitting your P11D for the 2019/20 tax year is fast approaching. Let’s take a closer look at the what, when and how of this sometimes miscalculated HMRC form. The P11D reports benefits in kind (BIK), the extra services and items that employees are...

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April 2020 property tax changes

From 6th April 2020, the start of the 2020/21 tax year, major changes in Principal Private Residence (PPR) Relief and Lettings Relief came into force. Both of these reliefs can lessen the impact of Capital Gains Tax (CGT) on property disposals. PPR Relief rules are...

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BIO2020 goes online

The organisers of this year’s Business in Oxford (BIO2020) achieved the herculean task of moving the annual event to an online platform on 2nd – 4th June. With over 90 speakers and 400 delegates enjoying three days of great business content, there was a strong sense...

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The Latest News From The Chancellor

There have been fresh announcements in recent days on two key parts of the Government’s package of measures in response to the economic impact of the Coronavirus pandemic. Firstly, some details of how the Coronavirus Job Retention Scheme, more commonly known as the...

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Self Employed Income Support Scheme Overview

Following on from our previous updates, this update concentrates on the “Self Employed Income Support Scheme” which was announced some weeks ago and is now due to go live imminently.  This is designed to be an equivalent of the furlough scheme for the self-employed,...

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COVID-19: Updated Guidance on Financial Support

Following on from our previous update on 30th March, please see below for some updated guidance where further details have been released.   This includes a summary of previously announced measures. Please note that the Government’s announcements in response to the...

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CRM Charity Partnership for 2020

CRM has a strong tradition of supporting local Oxfordshire charities each year as our Charity Partner. In 2018 we raised over £8,000 for Sobell House Hospice and in 2019 we were proud to raise £6,082.41 for our charity of the year Maggie’s Cancer Centre in Oxford.  ...

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COVID-19: Guidance on Financial Support

Following on from our previous update on 23rd March, please see below for some updated guidance where further details have been released.   This includes a summary of previously announced measures. Please note that the Government’s announcements in response to the...

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COVID-19: Assistance for self-employed

After a well-publicised relief scheme targeted at employees, we have just received initial details of a package to help small businesses.   Many businesses will not benefit from the measures announced such as VAT deferral, rates relief and employee furlough payments. ...

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COVID-19: Latest

The rapid disruption caused by the various social distancing measures has resulted in a liquidity shock to many businesses. Therefore, we would like to circulate what we have learned about the various financing and government support options expected to be available...

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Are all your year-end tax ducks in a row?

With less than a month to go until the end of the tax year, have you checked out all the options for making the most of tax allowances, reliefs and exemptions available to you and your business? Here’s a reminder of the most important points to consider and if it’s...

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CRM Spring Budget Summary

Yesterday, 11 March 2020, the new Chancellor of the Exchequer, Rishi Sunak, presented a Spring Budget with changes that come into effect from the start of the tax year on 6 April. With no Autumn Budget in 2019 due to the general election, many businesses will hope for...

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The first 10 steps to start a new business

Great Britain is a nation of entrepreneurs, with over 600,000 new business start-ups registered annually but sadly, around 20% of these businesses will not last a year and 60% will close within three years.   A great idea, passion and hard work are all necessary...

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