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Welcome to the GSM & Co Blog where we share our expertise and experience of best accountancy practice. Do let us know of your experiences. And if you have any questions that arise we'd be delighted to answer them.

18 Mar 2024

When life gives you lemons who’s going to come to your charity’s aid?

Navigating the impact of the cost of living crisis is now a mission in itself for charities. With likely loss of income they are under increasing financial pressure to deliver their services, often when fulfilling a need where beneficiaries are dependent on them for support.

28 Feb 2024

Make the move from procrastination to proactive business accounting

When it comes to business accounting, the journey from procrastination to proactivity can bring about tangible positive changes in efficiency, accuracy and decision-making.

16 Feb 2024

Sharing goes beyond caring when accounting for employee share schemes

The benefits of Employee Share Schemes are both financial and motivational. They enable staff to benefit from the success of the business they're helping to create. Additionally, they are a popular means of attracting employees, especially when the company is unable to pay high salaries. So they might be particularly relevant for your business now, given the current economic climate and/or the maturity of your business.

29 Jan 2024

Mastering your company's tax obligations

At the start of a new year, if there is one thing we regularly hear from organisations new to GSM, is that “This year we want to be master of our company's tax obligations, not a slave to HMRC.”

15 Jan 2024

If the economy shrinks how will you ensure your company finances don’t shrink too?

2024 has begun, according to some commentators, with the prospect of a shrinking UK economy.

18 Dec 2023

When there are great expectations of charities there are great expectations of their accountants too

While there are many appeals for greater support at Christmas for a wide spectrum of charities, sector commentators predict that the great expectations placed on charities this winter will mean that the need for their services, as we move from 2023 in to 2024, promises to be particularly heightened and challenging financially.

20 Nov 2023

Finding the key to tax efficiency for company directors’ incomes

One of the central decisions for UK directors is how to structure their income tax efficiently.

01 Nov 2023

Sustainability for SMEs. Haven’t you got enough on your plate?

ESG (Environmental, Social, and Governance) considerations have long been associated with larger corporations and now they are becoming increasingly relevant for SMEs too.

10 Aug 2023

With rising rates of interest how interested is your accountant in your commercial borrowings?

The news focus may be more on the rising cost of domestic borrowing, but with interest rates increasing how is your business faring in managing its borrowing?

18 Jul 2023

While technology is part of an accountant’s bread and butter, Clients will always need jam, today and tomorrow

To become truly an integral part of your financial systems, technology must be sticky!

26 Jun 2023

While you’ll want your accountant to have their head in the Cloud you’ll also want them to have their feet on the ground

The pace of innovation in industry is accelerating so rapidly that breakthroughs in emerging technologies are transforming our world and seemingly at breakneck speed.

22 May 2023

Business ownership can be lonely. Don’t go it alone

Running a business can be a challenging and isolating experience. Loneliness is a common feeling among many entrepreneurs.

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