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πŸ“Œ Why Management Skills Matter More Than Ever for Business OwnersMany people start a business because they’re great at t...
14/10/2026

πŸ“Œ Why Management Skills Matter More Than Ever for Business Owners

Many people start a business because they’re great at the work β€” but as a business grows, success depends just as much on how it’s managed. Doing the job and running the business are two very different roles.

πŸ”Ή What Management Really Means

In small businesses, management isn’t about job titles β€” it’s about organisation and support.
Good management shows up in simple ways: clear expectations, sensible priorities, spotting problems early, and having time to think rather than firefight.

πŸ”Ή Why Management Often Gets Overlooked

Client work comes first, time is tight, and managing people can feel uncomfortable.
But without structure, businesses can become reactive β€” leaving owners stuck in the day-to-day with little space to plan or grow.

πŸ”Ή How Strong Management Helps Your Business

Better management can:

Reduce stress and unexpected issues

Improve staff retention and morale

Create a more consistent customer experience

Free up time for strategy and growth

Even small changes can make a big difference.

πŸ”Ή Practical Ways to Improve Management

You don’t need qualifications or years of experience. Progress often comes from:

Learning from other business owners

Working with a mentor

Short, practical training

Making one improvement at a time

Management is a skill β€” and it can be learned.

πŸ‘‰ A final thought:
A great idea alone isn’t enough. Strong management is what makes it work β€” and keeps both you and your team happy along the way.

If you’d like to explore one of our management improvement days, we’d love to help you identify key systems and bring more structure to your business.

πŸ“ž 01527 368220
πŸ“§ [email protected]

11/10/2026

Great result this weekend!
Alex Jackson Gareth Wood
DM Property Services Redditch

11/10/2026

Here at Silverstone supporting Alex Jackson but currently watching modified ford series.

With DM Property Services Redditch
Gareth Wood

🚨 Cyber Attack? What Happens Next?Having a plan for preventing a cyber attack is important. But knowing what to do if on...
07/10/2026

🚨 Cyber Attack? What Happens Next?

Having a plan for preventing a cyber attack is important. But knowing what to do if one actually happens is just as important.

The National Cyber Security Centre (NCSC) has published new guidance to help businesses respond to and recover from a serious cyber incident.

The guidance covers three key stages:

πŸ”΄ Immediate response β€” what to do in the first few hours, including establishing who is in charge, assessing the situation and communicating with key stakeholders.

🟠 Recovery β€” setting up a structured recovery programme, investigating what happened and restoring systems safely.

🟒 Rebuild β€” getting back to normal while strengthening the business so it's better prepared for future attacks.

Cyber attacks aren't just an IT problem. They can disrupt operations, affect customers, create financial pressure and take a real emotional toll on the people involved.

The NCSC's guidance is a useful resource for business leaders who want to understand what recovery could look like **before they ever need it**.

πŸ‘‰ If your business relies on computers, cloud systems, email or online services, it's worth having a plan for what happens if they're suddenly unavailable.

Read more here - https://ojwassociates.co.uk/recovering-from-a-cyber-attack-what-should-your-business-do-next/

🌍 Update on UK VAT refunds for non-UK businessesHMRC has updated its guidance on how non-UK businesses that are members ...
30/09/2026

🌍 Update on UK VAT refunds for non-UK businesses

HMRC has updated its guidance on how non-UK businesses that are members of a VAT group should claim refunds of UK VAT.

The key change is that each non-UK VAT group member must now submit its own claim for any UK VAT it has incurred.

HMRC will no longer accept a claim from the VAT group's representative member unless that representative member actually incurred the VAT.

There is a transitional arrangement for VAT incurred between 1 July 2025 and 30 June 2026. For this period, claims can be made either by:

πŸ“Œ The individual VAT group member that incurred the VAT
πŸ“Œ Or the VAT group's representative member

The deadline for claims covering this period is 31 December 2026.

HMRC has also confirmed that it will review certain previously rejected claims relating to VAT incurred from 1 January 2021. This applies where the claim was rejected because the representative member submitted the claim, provided the VAT was not included in a later claim.

There is a separate deadline of 31 August 2027 for asking HMRC to reconsider these previously refused claims.

If your business is part of an overseas VAT group and has incurred UK VAT, it's worth checking whether these changes affect you or whether you have previously missed out on a VAT refund.

Read more - https://ojwassociates.co.uk/uk-vat-refund-changes-for-non-uk-businesses-in-vat-groups/

If you're unsure about your VAT position or need help reviewing a claim, get in touch.

πŸ“ž 01527 368220
πŸ“§ [email protected]

πŸ“’ Changes to Self Assessment reporting for company directorsHMRC has clarified new reporting requirements for directors ...
28/09/2026

πŸ“’ Changes to Self Assessment reporting for company directors

HMRC has clarified new reporting requirements for directors of close companies, which apply to Self Assessment tax returns from the 2025–26 tax year onwards.

If you are a director of a close company and you already complete a Self Assessment tax return, you may now need to provide additional information about the company, including:

πŸ“Œ The company name
πŸ“Œ The registered company number
πŸ“Œ Your dividend income from the company
πŸ“Œ Your percentage shareholding

Importantly, HMRC has confirmed that these boxes still need to be completed if you are an unpaid director, have no shares in the company or the company is dormant. Where there is no dividend income or shareholding, the relevant boxes should be completed with Β£0 or 0 as appropriate.

There is an exception for directors of registered charities and Community Interest Companies where they have not received, or become entitled to receive, employment income, dividend income or another distribution from the company or a connected company.

Getting these details wrong could result in a penalty, so it's important to make sure your Self Assessment return is completed accurately.

Read more on our blog - https://ojwassociates.co.uk/changes-to-self-assessment-reporting-for-directors-of-close-companies/

If you're a company director and you're unsure whether these new requirements apply to you, or you'd like help completing your tax return, get in touch.

πŸ“ž 01527 368220
πŸ“§ [email protected]

🏦 Bank of England holds interest rates at 3.75%The Bank of England has kept Bank Rate at 3.75%, with the Monetary Policy...
25/09/2026

🏦 Bank of England holds interest rates at 3.75%

The Bank of England has kept Bank Rate at 3.75%, with the Monetary Policy Committee voting 6–3 in favour of holding rates.

Three members voted for an increase to 4%, as concerns around rising inflation continue.

The decision comes as UK inflation rose to 3.1% in August, up from 2.9% in July. The Bank has highlighted higher energy prices linked to the ongoing conflict in the Middle East as a key factor behind the renewed inflationary pressure.

For businesses and households, interest rates remain an important consideration when planning borrowing, investment and cash flow.

The Bank has also indicated that inflation is expected to rise further in the coming months, with the outlook particularly dependent on energy prices and how long the current pressures persist.

The Bank's next scheduled interest rate decision is due on 5 November 2026.

Read more here - https://ojwassociates.co.uk/bank-of-england-holds-interest-rates-at-3-75-what-it-means-for-businesses/

If you're reviewing your business finances, borrowing or cash-flow plans in light of changing interest rates, we're happy to help.

πŸ“ž 01527 368220
πŸ“§ [email protected]

πŸ“¬ HMRC is contacting some self-employed people about National Insurance gapsHMRC is writing to some self-employed indivi...
23/09/2026

πŸ“¬ HMRC is contacting some self-employed people about National Insurance gaps

HMRC is writing to some self-employed individuals whose National Insurance records may contain gaps that could affect their State Pension.

If you receive a letter, don't ignore it β€” but don't assume you need to pay anything either.

Some affected people may be able to make voluntary National Insurance contributions for missing years, potentially going back to 2015-16.

HMRC believes up to 800,000 taxpayers could be affected by the issue, relating to some people who were self-employed between 2015 and early 2024.

If you receive a letter, it's worth checking:

πŸ“Œ Your State Pension forecast
πŸ“Œ Your National Insurance record
πŸ“Œ Whether there are any missing qualifying years
πŸ“Œ Whether paying to fill those gaps would actually increase your State Pension

You can check your records through your Personal Tax Account on GOV.UK.

Importantly, paying voluntary contributions won't necessarily benefit everyone. If you already have enough qualifying years to receive the full State Pension, making additional contributions may not increase your entitlement.

If HMRC contacts you and you're unsure whether filling a National Insurance gap would be worthwhile, get in touch. We can help you review your position and understand the potential implications.

Read more - https://ojwassociates.co.uk/hmrc-national-insurance-gaps-what-self-employed-people-need-to-know/

πŸ“ž 01527 368220
πŸ“§ [email protected]

πŸ“Š Making Tax Digital: the first quarter figures are inHMRC has published its first statistics since Making Tax Digital f...
21/09/2026

πŸ“Š Making Tax Digital: the first quarter figures are in

HMRC has published its first statistics since Making Tax Digital for Income Tax became mandatory for qualifying sole traders and landlords.

More than 436,000 taxpayers submitted their first quarterly update for 2026-27 by the 7 August deadline, while more than 570,000 taxpayers had signed up for the service by 12 August.

However, HMRC estimates that more than 864,000 taxpayers are within scope for MTD from April 2026, meaning a significant number had not yet signed up.

HMRC is now taking action.

From September 2026, HMRC will begin automatically signing up taxpayers who need to use MTD for 2026-27 but haven't registered themselves. HMRC will base this on information it already holds, including qualifying income of more than Β£50,000 in the 2024-25 tax year.

If you're within scope, you can still sign up yourself or ask your agent to do it for you. Doing so means you can check that your income sources and circumstances are correct from the outset.

A few important reminders:

πŸ“Œ MTD quarterly updates don't replace your Self Assessment tax return.

πŸ“Œ There are no penalty points for late quarterly updates during 2026-27, but late tax returns and late payments can still result in penalties.

πŸ“Œ From April 2027, MTD will also apply to qualifying taxpayers with income over Β£30,000, subject to the relevant rules and exemptions.

If you haven't registered for MTD yet and think it may apply to you, or you've received a letter from HMRC, please get in touch. We'd be happy to help you understand what you need to do.

Read more on our blog - https://ojwassociates.co.uk/making-tax-digital-first-quarter-statistics-what-businesses-need-to-know/

πŸ“ž 01527 368220
πŸ“§ [email protected]

πŸ’· Budget 2026 date announcedThe Chancellor of the Exchequer, John Healey, has confirmed that the next Budget will take p...
18/09/2026

πŸ’· Budget 2026 date announced

The Chancellor of the Exchequer, John Healey, has confirmed that the next Budget will take place on Wednesday 28 October 2026.

Alongside the Budget, the Office for Budget Responsibility (OBR) will publish its latest economic and fiscal forecast, providing an updated assessment of the UK's economic and public finances.

The Chancellor has said the Budget will be built around fiscal discipline and meeting the government's fiscal rules, while providing businesses and families with stability to plan for the future.

For businesses, Budget announcements can have a direct impact on:

πŸ“Œ Tax rates and allowances
πŸ“Œ Employment costs
πŸ“Œ Business investment
πŸ“Œ Business rates
πŸ“Œ Personal tax
πŸ“Œ Cash flow and financial planning

With Budget day now confirmed, it's worth keeping an eye on any announcements that could affect your business or personal finances.

We'll be keeping up to date with the announcements and sharing the key points that matter to businesses.

Read more here - https://ojwassociates.co.uk/budget-2026-date-announced-what-businesses-need-to-know/

If you have concerns about how existing or proposed tax measures could affect you or your business, get in touch. We're happy to help.

πŸ“ž 01527 368220
πŸ“§ [email protected]

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Redditch
B976HD

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