The Envision Partnership Blog

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It’s a tough time now for owners of small businesses. Many businesses were forced to close or dramatically scale back during the pandemic and now we are having to deal with the impact of inflation.  Although the last few years have been extremely tough, high...
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Christmas Parties

November 30, 2022
The festive season is almost upon us, so it’s time to look at the tax treatment of providing a staff Christmas party. Many employers provide a Christmas party or lunch for employees. However, without consideration of the tax implications, the event may trigger unwanted tax...
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If you are a director considering buying a fully electric car it can be tax efficient to purchase it through your company. With the high cost of fuel at the moment, many drivers are reviewing their options and a fully electric or hybrid car is being considered by many. To en...
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As a small business owner, the likelihood is that bookkeeping isn’t your favourite task. It is, however, extremely important in order to establish a profitable and financially healthy business that will be around for years to come. Compiling accurate financial data allows ...
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Every business owner must know where the money in their business comes from and where it goes.  That’s why financial management is one of the most important things to keep in mind. What is a business budget?  Simply put, it's a financial plan that gives a company...
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Managing different debts can be an arduous task for even the most capable business owners. Consolidating them into a single account can save interest and improve your credit score in the long run. Even successful companies go into debt for a variety of reasons, including pla...
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There’s no denying the importance of separating your personal and business finances. Although the two are very different, there are some common personal finance rules that you should apply to your business accounts. Let’s take a look at the personal finance tactics that ...
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In the early days of a small business, the owner often does everything from bookkeeping and accounting to marketing and sales. However, as the company grows, it becomes more complex and it's no longer possible for the owner to do everything. At some point, most small busines...
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When you’re planning to grow your small business, it’s always best to be proactive. As your business grows, there are things that will inevitably break or bend. The secret to sustainable growth is anticipating and preparing for this so that you can chart a steady roadmap...
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It’s important to keep your business alive and flourishing, but the truth is that most businesses experience stagnation at one point or another. Business owners need to be able to spot the warning signs of stagnation so that they can take action and get the numbers moving ...
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