March 2025 Accounting Insights

Emilie Heaney

Spring has sprung at last!  In this month’s edition we share some top tips for getting your business through to year end in our latest blog.  Also discover what Richard and the team are getting up to this month – it’s a busy one for us all!  Plus hear all about Richard’s idea for solving the Pensions Crisis.  Have a great month.

Year-End Survival Guide: Stay Ahead of the Game!

As the financial year-end approaches, now’s the time to get everything in order.  Our latest blog – ‘Survival Guide: Getting Your Business Through Year-End Closing’ – covers key tasks like chasing unpaid invoices, reviewing stock, maximising allowances, and keeping your records HMRC-ready.

With a little planning, you can close your books with confidence and set yourself up for success. Check out the full guide.

Could Everyday Spending Help Fix the Pensions Crisis?

Many people aren’t saving enough for retirement—but what if pension saving was built into everyday spending?

I’ve been involved in a project to introduce a ‘Pensions Card’ in the UK. Over the past year, I’ve spoken with former Pensions Ministers, members of the House of Lords, and industry experts. They all agree—it’s a simple yet challenging idea due to compliance hurdles.

When discussing this with Emma Reynolds, our local MP and former Pensions Minister, I referenced Keir Starmer’s recent speech, where he stressed that his government wouldn’t shy away from difficult reforms.

The iFuture Concept

A bank card that automatically channels a percentage of transactions into a personal pension pot. 

How It Works:

  • Retailers contribute a small percentage of purchases to customers’ pensions.
  • Linked to NI numbers, ensuring funds are secure until retirement.
  • Customers can top up with personal contributions for effortless savings.

The Benefits:

  • Helps the 20% of UK adults with no private pension.
  • Turns everyday spending into long-term financial security.
  • A new way for businesses to reward customer loyalty.

Could this be the future of pension saving? We’d love to hear your thoughts!

Richard’s Exciting Adventure with Kith & Kids!

Richard is gearing up for an incredible overseas trip with Kith & Kids, the amazing charity he’s been working with. In just a few weeks, he’ll be joining their team for a journey filled with new experiences and meaningful moments.  Kith & Kids provides vital support, activities, and opportunities for people with learning disabilities or autism, as well as their families. Richard is thrilled to be part of this mission and can’t wait to contribute.

Want to learn more about the fantastic work they do? Check out their website: Kith & Kids

Stay tuned for updates from Richard’s adventure! 

We’re on the Move!

Exciting times at Richard Riley & Associates – we’re officially moving into smart new serviced offices to make room for our growing team!  More space means we’re ready to take things to the next level, continuing to provide top-notch financial advice and support.  And the bonus? Lovely parkland views! The perfect backdrop for fresh inspiration on those busy days.

We can’t wait to welcome you to our new space soon – stay tuned for more updates!

If you have any questions or would like to discuss your business’s finances, don’t hesitate to get in touch. We’re always here to help. Wishing you a fantastic month ahead!