Business challenges

Solving your business challenges

Helping you to run a better business.

The growth and development of technology in business during the last decade has completely transformed business. In a relatively short period it has revolutionised every business activity in almost every sector, industry and market, resulting in greater efficiency and cost savings.

You can read our solutions and suggestions to some of the most common business challenges and questions that owner-managers are facing below.

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How do I apply for an EORI number?

Find out more about an Economic Operators Registration and Identification number (EORI number) and how you can apply here.

How do I manage VAT?

VAT is one of the most common sources of stress for business owners. Handled well, it becomes a routine part of running your business. Handled poorly, it can lead to penalties, HMRC enquiries, and unnecessary cash flow pressure.

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How do I protect my business against cyber attacks?

No business is too small to be the victim of a cyber attack. Here, we lay out some key steps to take preventive action against cyber attacks.

How do I extract money from my business?

Paying yourself the wrong way could cost you more than you realise. Learn the most tax-efficient ways to extract money from your business and keep more of what you earn.

Digital compliance checklist and verification symbols illustrating the importance of business audits and assurance.

Why do I need an audit?

There are a number of reasons why you may require an audit or assurance report. We delve into key areas where this requirement arises.

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How can I make my payroll more efficient?

Growing headcount, changing pay structures and reporting demands can strain payroll operations. Learn how businesses can improve efficiency and reduce risk.

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International growth should not mean international tax risk

Cross-border activity affects almost every part of your tax position. Understand what that means for your business before it becomes a problem.

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Thinking about what happens next? A sale is not your only option

Explore the differences between a Management Buyout and an Employee Ownership Trust, including funding, tax considerations and succession planning.

Teachers’ Pensions Scheme: End of Year Certificate consolidation

Is your Trust spending more money than it needs to on its audit fees for the Teachers’ Pensions End of Year Certificate?

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Price Bailey’s Academy Helpdesk

Could our Academy Helpdesk support you? Find out more here...

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Planning, funding and valuing a Management Buyout (MBO)

For many businesses, an MBO is the only way for owners to exit – usually because there are no external buyers for the business. Click to read more

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Protect your business with Price Bailey’s Tax Investigation Service

Protect your business from costly HMRC enquiries with our Tax Investigation Service.

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