Our Blog

The Abolition of Operating Leases for Lessees: Everything You Need To Know

Financial reporting is set to change in January 2026, which will see a radical update of the Financial Reporting Standard 102 (FRS 102), with one of the most notable shifts being the abolition of the operating lease for lessees.

Remote Work & IT-Tech SMEs: Is WFH The Right Incentivisation?

In the wake of the global COVID-19 pandemic, remote and hybrid working has become the norm for many companies, even with the world finally being on the road back to some kind of ‘normalcy’.

Not only is remote working a no-brainer for saving time and money on the daily commute (not to mention hosting many environmental benefits), but it is also ideal for those managing work and family commitments and is cost-effective in the office space rental department.

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Benefits in Kind: A Full Guide

You may have heard the phrase Benefits in Kind (BiK) be referred to by its more common pseudonym: work perks.

Benefits in Kind are effectively little extras that are included in an employee’s take-home that aren’t monetary.

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Paying Expenses in 2023: Is Payroll your best option

Paying Employee Expenses in 2023: Is payroll your best solution?Paying Employee Expenses in 2023: Is Payroll Your Best Solution? While we all aspire to accelerated business growth, it often comes hand-in-hand with some challenges and adjustments - particularly in the...

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Sole Trader vs LTD Company: Choosing the Right Option

Sole Trader vs LTD Company: Choosing the Right Option Launching your own company comes with many head-scratching decisions; and perhaps the most confusing one is whether to label your new venture as a limited company, or to declare yourself as a sole trader....

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2023 Corporation Tax: What you need to know

2023 Corporation Tax: What you need to knowAs outlined in the 2021 Budget, corporation tax is set to increase in April 2023 from 19% to 25% for companies with profits of £250,000 and over. This change is set to be implemented on 1st April, 2023. Here’s what you need...

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Outsourcing Payroll in 2023: Frequently Asked Questions

Outsourcing Payroll in 2023: Frequently Asked QuestionsAccurate and efficient payroll is a key component of a happy and smooth-running workplace.  Managing your organisation’s payroll may seem like a cost-effective solution, but on the contrary, outsourcing a...

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Mercury Accounting & Finance Services South Wales

1 Wern Road, Garnant, Ammanford, SA18 1LN

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