There are a lot of factors to consider when you start your own business.  One of the biggest factors to consider is what structure should you use when setting up your business.  It’s a question we get asked a lot by start-up businesses – should I operate as...

There are three steps to improving the cash and profit positions in your business. They are…

Finances can make or break any business, which is why it’s so important to have a quality outsourced partner in your accountant. How do you know you when you’ve struck gold with your accountant though? Well, if you’ve experienced any of the following you probably...

Your accounting information can support your business’s growth in a dramatic way. You have to be using it in the right way! The first step to using your accounting information in the right way is to understand the difference between Management and Financial Accounts....

It is, unfortunately, a fact of business that not all make it.  The Office of National Statistics in March 2020 (pre-pandemic) reported that 80% of businesses don’t make it to their 2nd year of trade.  Of those that do, only circa 40% are still operational 5...

You’re a busy business owner, you’re spinning loads of plates and doing everything in your business, including your bookkeeping and staying on top of your accounts and financial information. Do you ever stop and evaluate the impact managing your own bookkeeping and...

The dictionary definition of a false economy is: An action that saves money at the beginning but, over a longer period of time, results in more money being wasted than being saved. So, why is doing your own bookkeeping and, thus, saving money by not paying someone...

2020/21 has been an unprecedented year of turbulence, between the pandemic and Brexit there have been lots of ups and, more so, downs. In the wake of the government’s roadmap out of lockdown and restrictions last week, this week the 2021 Budget has been...

Whether you’re a sole trader or limited company, electrician or web designer, there is one thing true for all businesses…you’re going to pay tax. At some point, in some way, you and/or your business is going to have to pay tax to HMRC.  For limited companies it’s...