What is the difference between budgeting and forecasting?
Financial planning is essential to any business and business planning, but it can mean very different things depending on what you are trying to achieve. Two of the most useful tools in this space are budgeting and forecasting. Both involve looking ahead and working with numbers, but they do it in different ways and for […]
How to write a business plan: A guide for growing businesses
Written by Outsourcing Partner, Sudhir Rawal Writing a business plan is a crucial step for growing businesses. It provides a roadmap for your company, helping to attract investors, guide your strategy, and ensure you stay focused on long-term goals. Here is a practical guide to writing an effective business plan for growing businesses. Speak […]
Retail optimism rises, but is it too soon to celebrate?
Written by Outsourcing Partner, Sudhir Rawal As an avowed shopaholic, I noted that retailer’s optimism about their profits and growth for the year ahead has reached a near-decade high, amid sustained business confidence since the Autumn budget. Data released by the Lloyds Business Barometer showed highest figures since August 2015 and ONS data showing retail […]
Case study: Why NHS recruitment agency Day Webster trusts Gravita
Gravita Accounts Partner, Neil Driver and team have been working with Hugh Woods Ballard and Daniel Wise since 2012 as Day Webster established itself within healthcare recruitment, growing rapidly and expanding to new offices. Alongside Neil, Audit Partner, Jenny Cessini and Outsourcing Partner, Ben Chernoff, have provided tax, audit and accountancy support throughout this journey, […]
Case study: Real-time insight, real-world results for Conversis
At a glance Challenges What improved with Gravita’s involvement Access to financial information was difficult and slow Finance team was off-site Costly finance function SAGE was unable to integrate with other operational tools within the business Customer balances were not regularly resolved, resulting in poor credit control Integration between operational tools and Xero improved efficiency […]
The new Employers’ NICs rates – how will they impact your business and your people management strategy?
Written by Accounts Partner, Jen Sewell In the 2024 Autumn Budget, the government announced that the following changes would come into force from 6th April 2025 for Employer’s NIC: A decrease of the Secondary Threshold from £9,100 to £5,000 from which Employers NIC is calculated An increase in the Class 1 NICs rate from 13.8% […]
What does the Autumn 2024 Budget mean for the UK’s hospitality industry?
Written by Outsourcing Partner, Sudhir Rawal The 2024 Autumn Budget has landed, and for the UK’s hospitality sector, it spells a more challenging time ahead. Rising costs from wage increases, National Insurance changes and reduced rate reliefs are set to squeeze budgets even further. With these updates, businesses across the industry will feel the strain. […]
Accounts for medium-sized businesses
Written by Accounts Partner, Rachel Jackson Transitioning from a small to a medium-sized business is an exciting time in a company’s journey. However, it also introduces new complexities in terms of financial reporting. For instance, as the audit exemption is not available for standalone medium-sized companies, this will often be their introduction to the audit […]
Case study: Driving growth and profitability with Shift6
Driving Growth and Profitability Through Outsourced Financial Expertise Shift⁶ founder Edwina Eddleston partnered with Gravita for monthly bookkeeping, VAT returns, payroll and management accounts. She streamlined her PR business’s financial operations, supporting growth and profitability before working with Gravita for a seamless exit. The Shift⁶ Story Seven years after founding PR agency Shift⁶ in 2017, […]
What restaurants need to know about the UK’s new tipping law
Written by Outsourcing Partner, Sudhir Rawal What is the Employment (Allocation of Tips) Act 2023? The Employment (Allocation of Tips) Act 2023 came into effect on 1st October. It aims to ensure that hospitality workers receive 100% of tips, gratuities, and service charges. The headline is that the legislation prevents employers from keeping any […]