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Category: Finance

New National Minimum Wage and National Living Wage increases and what you need to do

The national minimum wage applies to anybody that has reached the school leaving age, with the national living wage applying to those aged 25 and over. The current rates along with the new rates are below: Year 25 and over 21 to 24 18 to 20 Under 18 Apprentice April 2019 (current rate) £8.21 £7.70 £6.15 £4.35 ...

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Coronavirus Business Interruption Loan Scheme – some top tips

Here at WCL clients have been asking for assistance with regard to their applications for the Government's Coronavirus Business Interruption Loan Scheme (CBILS). Here are a few pointers as to what we see banks needing ahead of granting a loan under the government’s CBILS: They will only lend to businesses that can pay the money ...

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IR35 – the new regime

What is it? IR35 are tax rules which to try and prevent workers/contractors who claim to be self-employed benefitting from better rates in relation to income tax and national insurance. In essence HMRC are targeting those individuals, who but for the intermediary (usually a company) through which they offer their services being in pla...

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The Power of Profit & Loss Analysis

When it comes to financial reports there is no other report that is more anticipated by business owners, directors and senior leadership teams than a profit & loss report. It’s the report that lets them all know if all their efforts are paying off in the form of a profitable business. Analysis: If the gross profit and the bottom l...

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We’ve moved!

And we are in.... We are excited to announce that we are now in our new office premises. The new address is Unit 4, Corum 2, Crown Way, Warmley, Bristol, BS30 8FJ. We quickly outgrew our old premises and are now looking forward to seeing our increasing client base in more contemporary offices. We would like to thank in particular ...

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New Year, New You?

Christmas time allows people to take stock of which direction their careers are heading.  For those amongst you who are thinking about going it alone in 2020, here at WCL we are brilliantly placed to cover off the things you need to know from both a legal and accounting perspective in setting up your own business. According to officia...

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Xero Silver Partner

It's official! We have just been awarded Xero Silver Partner status. Well done to the team on achieving this in such a short space of time. https://www.linkedin.com/feed/update/urn:li:activity:6619910813991882752/    ...

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Are you looking at the whole picture?

One of the strengths of WCL is ensuring clients to get a better grasp of all their numbers at any point in time. There are traditionally three main financial statements that any business owner should aim to understand.  These are: Profit and Loss Account Cashflow Statement Balance Sheet We find that clients are well vers...

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How to make a cup of tea?

We will start this blog post with a very simple question “How do you make a cup of tea?” That’s an easy one you may say. There are simple steps and order in which you must do things: 1. Fill up the kettle with water 2. Boil the kettle 3. Place a teabag in your favourite mug 4. Pour boiling water into your favourite mug 5. Brew ...

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Finance Business Partnering and the benefits

Businesses today are seeking more from the people who handle their accounts above just the delivery of the numbers. Whether that is from an in house or outsourced finance team via an external accountant. Historically the statement of profit and loss has been the primary deliverable from such finance teams. Business owners and management t...

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