Are you looking to boost your tax relief while supporting SMEs? The government-approved Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) are designed to do just that - but how does it work?

For small and medium-sized enterprises (SMEs), acquiring the necessary capital for expansion can be the make-or-break factor when it comes to their success. Fortunately, the EIS and SEIS schemes offer a financial lifeline for businesses looking to scale-up.

Research and Development (R&D) is a vital component for businesses looking to stay competitive and innovative. It serves a two-fold purpose for organisations. Firstly, it enables them to create something unique that has market potential. Secondly, it may give them an edge over their competitors.

On 15 March 2023 Chancellor Jeremy Hunt released the Spring Budget, his second fiscal statement - this time largely influenced by moving the UK economy into a stage of growth through business investments and increasing the workforce.

In April 2021, the government introduced the 'super-deduction', one of their biggest tax incentives for businesses which focussed on stimulating investment and boosting the UK economy. Fast forward two years and we're now preparing to say farewell - but there's still time to benefit from this tax relief!

We are thrilled to announce that DSA Prospect has been named a Xero Platinum Partner status! At DSA Prospect, we have always been committed to providing our clients with the best possible accounting and financial services - this achievement is a testament to that commitment!

While tracking the money coming in and out of your business may sound like an easy task, many small business owners struggle with understanding the importance of cash flow management. Cash flow is an essential part of a business's health - but how do you keep it in the positive?

Moving from the start-up phase into small business growth means your organisation will face several obstacles. To better define and prepare for these challenges business owners can look to the business lifecycle model.