It’s always a shock to see a seemingly successful company go under, but this doesn’t just happen out of the blue. There are always warning signs, and the survival of your business relies on you being able to recognise them. The sooner you can spot financial trouble, the sooner you can start working on a…
Read more
Why create the same invoices over and over again when you can automate the process? Check out the best practices in invoice automation. Business owners know that time is money. So why spend a lot of time on repetitive tasks when you can automate them? With the help of technology, you can automate invoicing, a…
Read more
Interested in bringing someone else on board in your business? Finding the right funding source differs based on where you are with your business. Seeking an investor isn’t as easy as asking for money to fund your highly promising business idea. It takes serious work, preparation and patience. Chances are you won’t even find the…
Read more
The dread of failure could be weighing you down. Luckily, there are ways to drive the fear away and adopt a more useful viewpoint. Fear can be a very purposeful emotion in some situations. However, irrational fear of failure is often more detrimental than useful. Instead of keeping you safe from harm, the feeling might…
Read more
Creating a realistic budget is one of the best ways to protect your business during periods of difficulty and keep it running smoothly in spite of setbacks. A budget gives you more control over the financial health of your business, allowing you to manage cash flow, create spending caps and set realistic targets. The businesses…
Read more
Do you want to know how your business will fare in the future? Apply the following methods to improve your cashflow. Forecasting your company’s cash flow helps minimise potential risks and can indicate if the company is in a position to grow. Proper cash flow management is a given. But monitoring all the money coming…
Read more
HMRC have issued a reminder that Self Assessment (SA) taxpayers who have not yet filed their 2019/20 tax return should do so by 28 February 2021 to prevent a £100 late filing penalty charge. Taxpayers who have outstanding liabilities for the year have until midnight on 1 April 2021 to pay any outstanding tax or…
Read more
Branding” has become a bit of a business buzzword lately, but what does it really mean – and why do you need to do it? Your brand is how your audience sees you and so branding is the process of shaping that perception. It’s an important process because ultimately, your brand is what makes you…
Read more
Over half a million businesses who deferred VAT payments last year can now join the new online VAT Deferral New Payment Scheme to pay in smaller monthly instalments, HMRC has announced. In order to take advantage of the new payment scheme businesses will need to have deferred VAT payments between March and June 2020, under…
Read more
Good financial health is crucial for any business, and this starts with careful financial management. However, many small business owners feel overwhelmed and continue to put off the task of dealing with their finances. Tempting though it is, this approach won’t set your business in good stead for the future. It’s important to take charge…
Read more
