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 […]
Increased scrutiny into FCA returns putting more pressure on regulated businesses
Written by Outsourcing Manager, Tony Chin Gravita understands the risks and requirements of FCA regulatory reporting and more and more businesses are leaning on us to assist in the preparation of FCA returns. The reality is that while your returns may not have been scrutinised thus far, at some point they will be. At that […]
Why outsource your accounting function this Christmas
In the ever-evolving landscape of business, staying ahead with your accounting requirements can often divert valuable resource and attention from strategic initiatives. Good news, it is not too late to ease the burden by outsourcing to a reliable partner, and as the Christmas season approaches, the benefits of outsourcing your accounting functions become increasingly apparent. […]
Why some clients choose to outsource their finance function in the short or long term.
Written by Accounts and Outsourcing Partner, Nyall Jacobs At Gravita we offer many specialities that a growing business needs to maximise its chances to get to the next stage in its life cycle. Gravita’s Outsourced FD function This offering includes an outsourced FD, who reports to the business and who comes with their own accounts […]
2023: What the year has in store for SMEs
The new year brings a mix of uncertainty and opportunity for SMEs as they look to navigate a struggling economy, an impending recession and changes to tax and incentives following Jeremy Hunt’s Autumn Statement. It’s safe to say 2022 was a turbulent 12 months. But rest assured, whatever 2023 brings, we’re here to help you […]