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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.

04 Feb 2025

How your accountant could be key to navigating market uncertainty by diversifying your business

When the markets get turbulent, it’s not just investors who feel the ripple effects. Businesses of all size can be swept up in the mayhem. If you’re sensing market uncertainty, now might be the perfect time to think about diversification. And while the idea of creating new income streams might seem daunting, your accountant could be the strategic partner you need to get there with confidence.

17 Jan 2025

An accountant’s perspective on your new year goals

The new year is often seen as a fresh slate, a chance to reflect, plan and grow. As accountants, goal-setting is second nature to us.

19 Dec 2024

If only your business had an advent calendar to choose from to make every decision sweet

Imagine if running your business was as simple as opening an advent calendar. Where behind every number instead of chocolate, you’d peel back a tiny door, revealing a perfect response to every question, with a solution to each of your challenges - sweet and straightforward. Decisions would be delightful, easy and rewarding.

12 Dec 2024

Whatever the talk in the country, there’s no need to downgrade the economic growth of your company

With much reporting of the need for growth in the country and different politicians having their own definition of what constitutes growth, sometimes businesses have to focus on their own growth and hope the prevailing economic growth of the country will catch up at some point, to enable the company to achieve success over the longer term too.

02 Dec 2024

With the impending Employer NI increase, pressure to balance the books has never been greater

With the recent announcement in the Autumn Budget of the increase in employers’ National Insurance contributions, many smaller businesses across the UK are grappling with the likely impact.

19 Nov 2024

The Chancellor may have put her foot in it but when it comes to accounting for farming families we know our onions

Succession planning for farmers in the wake of the announcement of the reduction of IHT thresholds is not going to be relished by some.

28 Oct 2024

The path of least resistance might just be the path to growth for younger businesses

2024 has been a remarkable year for younger businesses, particularly those trading for less than five years.

17 Oct 2024

Changes are afoot for your business this Autumn

It feels like we’ve had an extraordinary long run-up to the imminent Autumn Budget. So, while businesses and individuals await the unveiling, one thing is clear, change is afoot and how businesses adapt to these will be crucial for their future success.

30 Sep 2024

How the ripple from successful SMEs helps business and economic growth

There’s been much talk of growth since the new government has come to power and the likely steps it will take to support businesses. Many SMEs however, have an underlying belief, that any steps taken and initiatives offered are “not for us”, but focus more so on larger entities.

18 Sep 2024

September feels like a return to serious business

Despite April being the start of the financial year, it’s September that often feels like a new year for your business. Perhaps it's a hangover from childhood memories of returning to school for the new year, but September always brings a sense of fresh starts and renewed motivation.

29 Aug 2024

If keeping your company finances balanced is an olympic task call GSM

Just when you thought the Summer’s sporting events had come to a close, we now have the Paralympics to inspire us anew. Similarly, as a business owner you never close.

19 Aug 2024

August is not always a time to sit back

While many of your customers will be taking a well-earned break, what could your business be usefully doing during this month?

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