Category Archives: Budget

Carbon Accounting: A Simple Guide for Small Businesses

Carbon Accounting (or “Carbon Footprinting”) is the practice of capturing data related to carbon emissions, ready to make positive change. It might sound daunting, but in this guide we’ll explore why it’s worth your attention, and how to get started. By Rebecca Trudgett, Founder – Switchfoot Accounting View Full Profile Let's be honest, the term [...]

An Introduction To B Corp: Good For Business, Good For The World

Switchfoot Accounting’s Rebecca Trudgett explores what it means to be a certified B Corporation, whether it could be right for your business, and tips to get started. By Rebecca Trudgett, Founder – Switchfoot Accounting View Full Profile What does “success” look like for your business? Chances are, you may be one of the growing number [...]

How To Create A Budget For Your Small Business

Want to create a realistic budget for the year ahead? Our guide to creating a budget shows you how to get started, ways you can use Xero accounting software and ultimately how to set your small business finances up for success. By Rebecca Trudgett, Founder – Switchfoot Accounting View Full Profile As a small business [...]

Apprenticeships and Employers National Insurance

Could employing an apprentice save your business tax? The chancellor recently announced that the employer’s national insurance rate would increase to 15% for 2025/2026. This means that many businesses, including micro businesses with only one director on the payroll, are facing increased costs to pay salaries. Many small businesses have been helped by the increased […]

Salary and dividend Tax Strategy for 2025/2026?

Do you need a bespoke salary and dividend plan for 2025/2026? The days have passed when the “house” salary and dividend (remuneration) strategy could be used as a solution for most straightforward clients, i.e. £12,570 plus dividends. Anyone wanting to optimise their income should consider paying for bespoke Tax advice on the best salary strategy […]

What is the Employment Allowance?

What does an increase in Employers National Insurance mean for your business? The increase in employers national insurance contribution for 2025/2026 will increase the cost of employing people for many businesses, as they will now pay 15% rather than 13.8%. The earning thresholds for when the tax must be applied has been lowered to £5,000 […]

The Autumn Statement 2024: How it affects your small business

Here’s your breakdown of the major business announcements from the Autumn Statement 2024. A budget to fix the foundations of the economy Rachel Reeves, the Chancellor of the Exchequer, delivered the Autumn Statement on 30 October 2024, saying that this budget was intended to fix the foundations of the economy, deliver change for working people, […]