Optima News

Optima

Jan 3, 20232 min read

5 goal-setting tips for 2023

Wouldn’t it be great to have your best year ever in 2023? Whether you want to grow your business or take more time for yourself, these...

Optima

Jan 3, 20232 min read

Your Q1 2023 deadlines for the diary

We always aim to keep you up to date with the most pressing dates and deadlines for your business diary. To help you get prepared and on...

What is a ‘potentially exempt transfer’?

Optima

Jan 3, 20232 min read

What is a ‘potentially exempt transfer’?

The inheritance tax (IHT) threshold has been frozen at the April 2009 amount of £325,000 for a further two years to April 2028. Because...

Optima

Dec 25, 20221 min read

Merry Christmas!

We wish you a very happy Christmas and well deserved end-of-year break. It has been another challenging year for our clients. We hope you...

The importance of goodwill in your business

Optima

Dec 20, 20223 min read

The importance of goodwill in your business

Goodwill in accounting refers to the intangible value that a company can hold, above and beyond the pure financial value of its assets....

Optima

Dec 19, 20223 min read

How can AI help your business?

It's important to be aware of new technology that could help your efficiency in any business. We're used to companies using cloud...

Is your business focused enough on cyber-security?

Optima

Dec 12, 20223 min read

Is your business focused enough on cyber-security?

We live in a digital world where our company’s data and (crucially) our customers’ data is under constant attack. Hackers are always...

How to stay competitive in your industry

Optima

Dec 9, 20222 min read

How to stay competitive in your industry

It’s difficult to make your business stand out from the crowd, especially in the 21st century digital environment where businesses large...

Optima

Dec 6, 20222 min read

Cash is not profit and vice versa

The purpose of a business is to make money, and that means you need to know the difference between profit and cash flow. Net profit is...

Business tips: Creating a plan for your exit strategy

Optima

Dec 5, 20223 min read

Business tips: Creating a plan for your exit strategy

Exiting your business is a big commitment. You’re leaving behind everything you’ve built up, so it’s vital that you have a plan of action...

Ideas on how to throw a last-minute Christmas party

Optima

Dec 2, 20222 min read

Ideas on how to throw a last-minute Christmas party

Maybe it’s been an extremely busy month. Maybe you’ve just run out of time. Whatever the reason, if you need to arrange a last-minute...

Quick Tips: What counts as a ‘trivial gift’?

Optima

Nov 30, 20222 min read

Quick Tips: What counts as a ‘trivial gift’?

Giving occasional gifts to your staff is a great way to keep them engaged and motivated. But how much can you give before these gifts...

Manage your team’s spending more efficiently with Digital Credit Cards

Optima

Nov 29, 20222 min read

Manage your team’s spending more efficiently with Digital Credit Cards

Do you need to manage expenses for your business and team? Digital credit cards have been around for some years but have recently grown...

The impact of the Autumn Statement for self-assessment taxpayers

Optima

Nov 28, 20223 min read

The impact of the Autumn Statement for self-assessment taxpayers

This year’s Autumn Statement was highly anticipated – particularly given the financial chaos that followed the disastrous ‘mini budget...

Trading while insolvent: what are the rules?

Optima

Nov 28, 20223 min read

Trading while insolvent: what are the rules?

Your company is insolvent when it can’t pay the amounts it owes. This can mean that the liabilities (things you owe) on your business...

The business impact of the Autumn Statement

Optima

Nov 28, 20224 min read

The business impact of the Autumn Statement

The Chancellor of the Exchequer, Jeremy Hunt, delivered his Autumn Statement on 17 November 2022. The £30bn cost of his predecessor's...

Optima

Nov 21, 20223 min read

Are employee parties tax-free?

If the rules around social functions are followed, staff events like your end-of-year party, or your summer barbecue are tax-deductible...

Optima

Nov 18, 20224 min read

Jeremy Hunt's Autumn statement - 2022

In his opening remarks, Jeremy Hunt said his priorities are stability, growth and public services. Stability - Stability is about...

Making company charitable donations: the rules

Optima

Nov 16, 20222 min read

Making company charitable donations: the rules

Helping to fund the causes that are close to your heart is one of the positive side effects of running a successful business. But you...

What are self-assessment ‘payments on account’?

Optima

Nov 15, 20223 min read

What are self-assessment ‘payments on account’?

If your only income is from employment, your tax payments are pretty straightforward. But if you have other sources of income – things...