Alchemy blog

 

Honest opinion and illuminating comment

At Alchemy, we believe in clarity and honesty, and the blog is where we put that into practice. We’ll keep you updated on the latest developments in tax law and government legislation, unpicking what each change really means for you and your business.

Why timesheets are important for smaller marketing agencies

Why timesheets are important for smaller marketing agencies

I can already sense the inaudible moans when I mention ‘timesheets’. From extra work for office managers and administrators, to badgering your employees to get them completed, timesheets are often seen as an unnecessary evil. But with easily accessible technology,...

How to align staff KPIs with your business objectives

How to align staff KPIs with your business objectives

Don’t have KPIs for the sake of it – understand how they can drive the success of your business and make sure they’re tightly tied to your goals and objectives. First, just in case, I ought to explain what KPIs are, though most of you can probably skip this bit. KPI...

Why your business needs a cycle-to-work scheme

Why your business needs a cycle-to-work scheme

Cycle-to-work schemes allow employers to rent bicycles and associated kit to employees as a tax-free benefit. Or, in effect, to let them buy a bike at a discount, paying in instalments. The UK Government launched the framework for the UK’s cycle-to-work scheme in 1999...

Starting and growing an agency: taking on your first employee

Starting and growing an agency: taking on your first employee

When your creative agency or professional practice gets to the point where you can’t handle the work without expanding your team, you know you’re heading in the right direction. For the first time, everything isn’t on you. You can start to delegate, collaborate and...

Explainer: how to start a creative agency

Explainer: how to start a creative agency

After years of experience as a creative professional, setting up your own agency is the obvious next step. Perhaps you’ve found a particular niche that you want to dedicate more of your time to. Or maybe you want to work in a way that’s different to existing agencies....

Online accounting has only just begun to change the world

Online accounting has only just begun to change the world

If you weren’t already using online accounting software at the start of 2019, you’ve probably heard a lot about it since – especially if you’re running a VAT-registered business that was included in the introduction of Making Tax Digital (MTD). The new rules, which...

What’s the difference between a contractor and a freelancer?

What’s the difference between a contractor and a freelancer?

Last month the UK’s self-employed population passed five million for the first time, and many of those – certainly in the North West – are contractors or freelancers. According to IPSE, around 8% of the UK’s contractor population is based up here, which is hardly...

Why you should choose a smaller accountancy firm

Why you should choose a smaller accountancy firm

There’s a lot to be said for choosing a smaller accountancy firm, from a personalised service to real local knowledge. Whether it’s artisanal wool from the Ribble Valley or traders at Preston’s street food market, small, independent and local are values that matter...

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