Mindblown: a blog about philosophy.
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Companies House Transition Plan: New Economic Crime Act
The Economic Crime and Corporate Transparency Act (2023) will bring about some of the most substantial changes to company law since 1844. Its main goal is to make business practices more transparent and tackle financial crime more effectively.  So, what does this mean for small and large businesses? Letâs break down the key points…
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Challenge and Opportunity: how to succeed in the 2025 Commercial Real Estate Market
Borrowers can get an edge by appealing to lenders – particularly when the market is getting competitive Are you wondering where the opportunities are in the 2025 commercial or buy-to-let mortgage market? Let’s take a look. New lending for commercial real estate plummeted by 33 percent last year to the lowest point since 2013. For…
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Business loan applications: What do you need?
Ian Hawkins Head of Content Ian Hawkins is Head of Content at Swoop. As a freelance business journalist and filmmaker he has reported from Europe, Central and North America and Africa. His films and writing have appeared on BBC World, Reuters and CBS, and he has spoken at conferences on both sides of the Atlantic…
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Should you avoid business loans that require personal guarantees?
Small business owners need to gauge their risk appetite carefully before they agree to funding that puts their personal assets on the line Personal guarantees are a common requirement for small business loans, but many entrepreneurs may not fully understand the risks involved. A personal guarantee means that you’re personally liable for the loan if…
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Easy Steps to Set Up a Limited Company in the UK
With over 900,000 new businesses launched in the UK in 2023, entrepreneurship is booming. With 2024 showing similar promise, itâs a great time to consider launching your own business. Setting up a limited company is a popular choice for many entrepreneurs as it offers several advantages, including the right balance of professionalism, personal financial protection,…
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Top 19 Tax Deductions to Lower Your Business Taxes in 2024
Tax season can be daunting, especially for small business owners. However, knowledge of the permissible tax deductions can help them minimise their taxable income and improve their financial position. A business tax deduction is an expense that can be subtracted from revenue for the calculation of taxable business income. The following blog discusses 19 key…
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Paper vs Online Tax Returns: Choosing the Best Option
Completing the self-assessment tax return may certainly be a challenging task, but it needs to be completed accurately. You have two main options: the traditional paper form or using HMRCâs online portal. With over 97% of people now filing online, it is clear that many find the digital route easier. Letâs dive into why…
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A Guide to Determining Your Companyâs Size
Managing a business requires compliance with various rules and regulations. Understanding the classification of a companyâs size is important to determining the financial reporting standards to be followed. The following blog explores the classification of a company into a micro-entity or a small company and the key differences between the different financial reporting standards. What…
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How our Sage partnership can help your tax planning
Joining forces with accounting software firm Sage has huge benefits for our customers Businesses that have a strong handle on money coming in and going out are at an advantage when it comes to being able to manage their cash flow. That’s why Swoop has joined forces with accounting software giant, Sage: when business owners…
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Key Changes and Updates in the Draft UK Taxonomy Suite 2025
The Financial Reporting Council (FRC) has published the Draft UK Taxonomy Suite 2025, an annual release to accommodate UK GAAP and UK-IFRS changes. This suite is intended to enhance the quality, relevance, and reliability of financial reports. The changes are open for public consultation until 20 September 2024, and the FRC invites comments from the…
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