When is the right time for a early-stage company to outsource accounting?

Posted on: 28 January 2021

“When should I outsource accounting?” is a crucial question that entrepreneurs may consider in their business’ early stages of growth and development. With the current business environment presenting serious challenges for business of all sizes, entrepreneurs may be looking to outsource their finance function or elements of it to grapple with the impacts of the global pandemic compounded by the conclusion of Brexit negotiations. In this blog, we outline how … Continue reading

How should a business outsource their accounting?

Posted on: 19 January 2021

Entrepreneurs may want to outsource accounting at this challenging time to concentrate on revenue-generating activities, growing the business and navigating the stormy months that lie ahead. In this blog, we outline the mechanics of how a business can outsource accounting and explain how specialists, like Isosceles, can support early-stage and growing businesses with a professional, durable and appropriate part of the finance function. A quick scan around the internet and … Continue reading

Restructuring to survive COVID-19?

Posted on: 19 January 2021

The government’s Coronavirus Job Retention Scheme is currently set to run until the end of April 2021 and is no doubt providing a lifeline to businesses of all sizes, and their employees. Sadly, some employers will soon have to decide if they are going to have to make changes to restructure their workforce over the coming months so that they will be best positioned to survive profitably in the long … Continue reading

Isosceles CEO Mike O’Connell raises over £1,000 for Young Minds

Posted on: 13 January 2021

In a series of challenges completed during England’s COVID lockdown, Isosceles CEO Mike O’Connell raised over £1,000 in aid of Young Minds. From a virtual rendition of George Michael’s 1987 hit, Faith, and physical exercise challenges to making balloon animals in under three minutes and creating complex origami models, the Teams-streamed challenges generated wide interest across the company. Young Minds is the UK’s leading charity fighting for children and young people’s … Continue reading

Key employment law changes 2021

Posted on: 12 January 2021

The emphasis for many employers at the moment is understandably on managing the huge impact of COVID-19 and responding to the measures the government has brought in to support employers. Mercifully the employment law agenda for the year ahead is brief, but there are a few changes that businesses will need to be aware of that are due to take effect in 2021. An introduction to the key employment law … Continue reading

R&D Tax Credits: Don’t miss out on this valuable source of funds

Posted on: 04 January 2021

Cash flow management is crucial during this challenging time; if your business incurs R&D expenditure, you may be able to reduce your corporate tax bill. R&D tax credits allow eligible small and medium-sized enterprises (SME), both profitable and loss-making, to claim up to 33% of qualifying R&D expenditure. In our latest blog, we outline the application process, eligibility criteria and reveal some useful hints and tips for submitting a successful … Continue reading

HR data security principles; how to include them in ‘business as usual’

Posted on: 29 December 2020

HR data security, the need to protect personal data, impacts many HR activities daily, from recruitment, performance management, health and reward to the need to know an employee’s next of kin. While it’s important that employers have a good grasp of data protection principles, the real challenge for HR departments will be in making sure that acting on those principles is ‘business as usual’. Employers should have the following in … Continue reading

What exactly does an Interim FD do?

Posted on: 07 December 2020

An interim FD is very similar to a part-time FD, but there are a few subtle differences. A part-time FD works with growing businesses on a long-term part-time (a day a week or a day a month, for example)  basis. They support companies who need the insight of an FD but cannot justify a full-time resource. An interim FD is temporarily engaged to deal with a particular situation For example: … Continue reading

Are you ready for new immigration rules from 1 January 2021?

Posted on: 13 November 2020

New immigration rules come into force on 1 January 2021 and everyone (excluding Irish citizens) who comes to the UK to live, work or study after 31 December 2020 will fall within the same point-based immigration rules. Automatic freedom of movement for European nationals will end. However, EEA, EU and Swiss nationals living in the UK before 31 December 2020 can apply for settled or pre-settled status under the EU … Continue reading

How accounting outsourcing bridges the accounting skills gap

Posted on: 06 November 2020

Running and growing an innovative business involves managing a range of priorities and challenges. In the early days, it often falls to the CEO (or their partner!) or a junior finance professional to take on the role of the finance function. The success of a business, however, depends on the accurate forecasting and management of budgets, a sustainable flow of cash, and the ability of existing resources to correctly balance … Continue reading