Are you all set for the self-assessment tax deadline?
For many self-employed people, the end of January is panic time as the self-assessment tax deadline of January 31st gets closer. To avoid this stress and panic, there are several things that you can do...
View ArticleEase your own workload
New Year is a good time to reflect on your role in your business, and especially on what areas of your business take up your time. One common issue with both business managers and entrepreneurs is that...
View ArticleReview performance
With it often being relatively quiet and representing a fresh start, what better time than the New Year to review the performance of your business? Here are some ways to go about it: Ask questions The...
View ArticleRamp up your networking
Although the New Year can be a slow sales period, it can be the ideal time to build up your networking relationships. There are three main types of networking: same-sector, entrepreneur and online. A...
View ArticleOh no! Are you facing a post-Christmas lull?
Although the start of a new year brings fresh promises and resolutions, many businesses face a sluggish January and need to develop strategies to deal with this. The few weeks leading up to Christmas...
View ArticleFive tax dates to add to your 2017 diary
As the year draws to a close, it’s time to plan for next year and fill in some of those crucial dates in your diary for 2017. If you are responsible for your company’s finances, there are several dates...
View ArticleHow can I manage my working capital with Christmas approaching?
Christmas may be a festive time, but can also be a real challenge as far as managing your working capital is concerned. Retail businesses experience a peak in sales leading up to Christmas that can...
View ArticleHow to manage a seasonal business
It’s not at all uncommon for businesses to have seasonal fluctuations, but this presents challenges to the business manager or owner. Understand the cycles Many entrepreneurs start a business in a...
View ArticleWhat expenses can I claim for a work Christmas party?
Many businesses celebrate Christmas by holding a party for their workers, but this can be expensive, especially if food and drinks are free for participants. To make the financial blow easier, many of...
View ArticlePresident Trump – What will it mean to UK small businesses?
The US Presidential election was of huge interest to the UK business community, especially as the United States is often viewed as a leader of trends in the UK and other countries across the world. As...
View ArticleMaking sense of the post-Brexit economy for small business
UK small businesses were left with a great deal of uncertainty following the vote to leave the European Union. During the lead-up to the referendum, different opinions divided UK companies, with some...
View ArticleThree crucial pieces of accountancy software you shouldn’t be without
Account management is crucial in order for a business to be financially healthy. With financial reporting, payroll, customer invoicing and many more tasks to perform, accountancy software can save...
View ArticleFixed vs. variable working capital – what’s the difference?
A business requires working capital to be able to pay its bills and debts in a timely manner. Adequate working capital is an indication of solvency, which is necessary to settle bills promptly, pay the...
View ArticleWhy do so many businesses fail in their first five years?
Starting a new business is an exciting period in your life, not least because you are motivated to work for yourself, enjoying the many benefits it can bring. You will no doubt have had a product or...
View ArticleSeven steps to a financially efficient business
If you want your business to achieve strong financial growth, you must implement efficient financial management, possibly outsourcing to a management accounting service. Finance in the company has to...
View ArticleAre these important tax dates in your calendar?
All businesses in the UK have a duty to be compliant with the relevant authorities, like HMRC, submitting and reporting in a timely manner. Of course, HMRC will issue fines and charges if any deadlines...
View ArticleWhy should I outsource when I can do it all myself?
There are plenty of business owners who believe that outsourcing is just an extra expense, and that they can run the entire operation without any assistance, and maybe they can. However, if a business...
View ArticleMy business is doing fine, why should I worry about its future?
Although a business plan is often perceived as little more than a tool to obtain finance for a company, it is necessary for the successful growth of an organisation in the future. Without planning and...
View ArticleHow can I keep profit and turnover high?
It’s a common misconception that a high turnover equals healthy profits, and vice versa. In reality, the amount of profit a business has depends largely on the expenditure of the company. For instance,...
View ArticleAre you spending too much time and money in-house?
Running a company involves dealing with many different processes, many of which are complex and time consuming. Some of the processes a business needs to deal with include recruitment, accounts,...
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