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Organise Your Bookkeeping This Festive Season

When the festive season arrives, so does a sleigh full of chaos for business owners. With only one month until Christmas Day, now is the time to organise yourself to ensure your accounts are as hassle free and easy as possible. Here are some top tips on how to organise your bookkeeping this festive season.The silly season is notoriously busy. We seem to work harder and longer and if you’re going to be taking some time off with the family at Christmas, you need to make sure work is taken care o...

December 2, 2019

Is Your Office Christmas Party Tax Deductible?

It’s perhaps the most anticipated part of the business year. The event that has tongues wagging well after the wine ran out and the terrible dance moves from Mr Brightside have ceased. It’s the Christmas party! Whether you are a small business or a large corporation, it’s a time to enjoy for all involved. Employees, bosses and colleagues all united in the tradition of Christmas. However, there is one question that crops up every year. Is your office Christmas party tax deductible? Let’s ...

November 25, 2019

7 Important Things Every Small Business Owner Should Do

There are many things that you need to do when you’re a small business owner. The to do list is never ending. When you tick a task off the list, you add two more on! According to the stats, about 20% of all new businesses survive the first year. A third are still going after ten years. Let’s run through 7 important things that every small business owner should be doing to help their business thrive.Cash Management One of the main reasons why so many businesses fail is due to a lack of c...

November 18, 2019

Should You Focus On Long Or Short Term Goals

As a business owner, you’ll have dreams, aspirations and goals. Whether they are short term or long term goals changes things. The length of time you have to hit said targets differs and you may think that the long game is more important than achieving in the short term. Let’s take a look at what you should be concentrating on, the pros and cons of both and where your time should be invested. Long term goals are often viewed as dreams. They might happen but there’s a good chance that ...

November 11, 2019

Making Tax Digital and QuickBooks

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November 4, 2019

6 Ways A Bookkeeper Can Help Your Small Business

What would you do if someone walked into your office or place of work and said that they can take away all the stress of organising your company finance? Well, a bookkeeper has that superpower. Here are 6 ways that a bookkeeper helps a small business, just like yours.Free Your Time Did you train as an accountant? Do you know what you’re doing or do you just work your way through those books, keeping them in as good-a-shape as your knowledge and expertise allows? Employing a bookkeeper to ...

November 4, 2019

Is Your Bookkeeping A Trick Or A Treat?

Boo! Halloween is here and the annual fright night will no doubt involved dunking for apples and a few scary masks. In terms of business, Halloween is huge. It’s one of the most celebrated days of the year and there are loads of promotions based around it and products available to buy. Whether you’re in the Halloween market or not, is bookkeeping a trick or a treat for you and your business? The one thing you don’t want your bookkeeping service to do is scare the living daylights out ...

October 28, 2019

How Many Hours Do You Work Each Week?

People tend to pull numbers out of thin air when they work for themselves. It’s not like the usual; 9-5, 37.5 hours a week. When you’re an entrepreneur or run your own business the hours quite often vanish and you find yourself working into the long night. Do you know how many hours you actually work?We’re all guilty of burning the candle at both ends. Working early mornings through to the late hours of the day, or even the early ones of the next day! Is this an efficient way of running a ...

October 21, 2019

Is Running Your Own Business Worth It?

Some people dream of running their own business. Being their own boss, working the hours they desire, in the industry that they love, sounds bliss, right? With uncertain income, stresses of accounts and those hours you work being longer than you can imagine, is running your own business worth it? Let’s take a look. Firstly, as much as entrepreneurship and small business ownership is amazing, it’s not for everyone. It’s a lifestyle choice for sure but also there are positive and negative tr...

October 14, 2019

Safety Nets For Business

Let’s talk about risk. Not the board game. Actual, real life, risk. Starting a business is risky. A high percentage of all new businesses fail within the first year. There is so much that could go wrong, but equally, so much could go right! Every business person or entrepreneur needs a safety net. Let’s discuss five that you can implement in order to sustain your business, grow your business and see said business thrive. If you are starting a business, consider doing it in your spare time. H...

October 7, 2019

Keep On Top Of Your Cash Flow

When you’re running a business, the blood that’s running through the company veins is the cash flow. It’s perhaps one of the most difficult things to deal with, what a lot of stress is often about and what can make or break a commercial enterprise. In this blog we’ll give you a few tips to keep on top of your cash flow which will result in good health for your business. To begin, let’s nail down exactly what cash flow is. It’s the money coming into and out of the business. Quite ofte...

September 30, 2019

5 Reasons To Outsource Bookkeeping

When you run a business, you need support. Whether you’re a plumber, an electrician or maybe a baker, there are simply too many tasks to do and not enough working hours in the week. Nobody really wants to work 80 or 90 hour weeks and when you start doing that family life suffers and so does your work because you’re tired. One of the tasks you might not fancy doing at the end of the working day is your company bookkeeping and in this post we’re going to look at the top five reasons why you ...

September 23, 2019

Get Paid On Time

One of the hardest and possibly most frustrating things about running your own business or being a freelancer is getting paid on time. No one wants to do extra admin or send reminder emails, as it’s unpaid time spent doing mediocre tasks when you could be doing something else. Research shows that about half, that’s a massive 50% of invoices are not paid on time. This means they are paid late. That isn’t fun. When you’ve done the work, you need paying. You’ve got rent to pay and food to...

September 16, 2019

5 Bookkeeping Mistakes To Avoid

Getting your financial records up to date and in order isn’t the most glamorous part of running your own business. With that said, it’s so easy to push your bookkeeping down to the bottom of the pile and concentrate on the exciting parts of your company, like new products, marketing and interacting with customers. Without keeping correct records, you’ll face issues further down the line and add extra stress to your workload which will likely effect your mindset and perhaps that creative wo...

September 9, 2019

Run Your Business Like A Boss

Not everyone in business is a natural boss. You might not have thought you’d end up being the one in charge when you started your side hustle which then grow exponentially and now you have employees working for you. Perhaps you worked your way up the ladder and now you’re the one that heads up the organisation and everyone looks to, turns to. However you got to this position, if you’re the boss, being the best possible one is something you must do. To do this, there are many things you hav...

September 2, 2019

What Is My Business Worth?

You’ve put the hours in. You’ve put the elbow grease in. You’ve built your business from the ground up but how much is it actually worth? Maybe your situation has changed and you’re looking at selling up or you want to retrain and change career direction and need to sell the company to fund your next adventure. Perhaps you’re just interested in the value that you’ve created? Whatever your reason, it’s good to know how valuable your business is, but how do you actually find out? We...

August 27, 2019

What Happens If HMRC Undertake A Tax Investigation?

This has got to be one of the most dreaded scenarios to face as a small business owner. It’s something that could happen to anyone, at any time and it brings with it mountains of stress. Sounds like a nightmare, right? An investigation from Her Majesty's Revenue and Customs is something that you hope (& pray!) that you don’t have to face but the reality is that you should be prepared for it, because it could happen. There could be any number of reasons why HMRC start to look at your accounts...

August 25, 2019

What Food And Drink Can I Put Through My Business?

That decaf skinny latte on the way to an important meeting. The three course meal with bottle of wine when staying overnight for a networking event. The double pepperoni with extra cheese pizza you order when you’re working late. You might think that every item of food and drink you purchase can be put through the business as an expense, but unfortunately that isn’t correct. Whilst we’ve all got to eat and drink, let’s take a look at what you can and indeed, cannot claim for. You might d...

August 14, 2019

Electric Cars For Business

With the world starting to turn its back on fossil fuels and looking for environmentally conscious alternatives, the rise of the electric car is in full flow. Big names in the car industry, including Kia, Nissan and Volkswagen are bringing out electric (or hybrid) options. If you have a car for business use, or perhaps a fleet of company cars, now could be the time to look at changing. Not only will you be avoiding using petrol or diesel to power your vehicle, after the initial purchase, electri...

August 4, 2019

Self Employment And The Summer Holidays

The summer holidays are fantastic. Sunshine, family time, making memories. However, when you’re self-employed, the school holidays can sometimes bring added stress. You might have child care to organise, you’ve probably got to work around clients going on holiday, but with a bit of forward thinking, it needn’t be quite as stressful as it could be!The first thing to do is to do some planning ahead. The summer happens every year, the school holiday dates are advertised by the educational fac...

July 29, 2019

Setting Up A Business When You're Still Employed

So many people have the dream of setting up their own business. You may have always wanted to but never got around to it. Do you have a great idea which you know will just work and people will love? Or perhaps your current job is bringing you down and as much as the pay packet is perfect in your bank account every month, it’s not what you really want to do. If you’re considering setting up a business on the side whilst you’re still employed there are a few things to think about and look in...

July 22, 2019

What Costs Can I Claim For Working From Home?

Working from home is the ultimate dream for some people. The thought of being able to step out the office into the living room to catch up on your latest binge-watch-boxset, making your favourite coffee in your own kitchen and maybe even going for a mid morning shower or working in your PJs. The dream can be real! There are certain things that are trickier when you work from home though and one of those is claiming your costs back. If you hire out an office or even a desk, you know exactly how m...

July 15, 2019

Do I Need Accounting Software?

You run your business day in, day out. You know the ins and outs of every part of your company. You feel amazing when a client signs a new contract or when a new staff member comes on board as you are growing. It’s your dream in reality, you’re living it. The last thing you want to add to the in-tray pile is figuring out which bookkeeping software you need to use, if any. There isn’t a black and white answer to the question of whether you need accounting software or not (unless you're VAT ...

July 7, 2019

I'm Starting A Business. What Do I Need To Do?

The first step into business is exciting. Taking that idea from conception to birth, developing your branding, working on your website. It’s your little baby that you’re starting to nurture and want to see grow. Now you’ve started, where do you go next? One of the things to make sure you stay on top is your finance. It’s not really seen as the ‘sexy’ part of business like perhaps marketing or booking customers are but it’s an integral area which you need to organise. Don’t be lik...

July 1, 2019

Flexible Working For A Better Work Life Balance

When you set up a business, very quickly it can run away with you. Your career can take number one priority in your life and those 16 hour days, 6 day weeks can far too rapidly become the norm. You spend a lack of time with family and friends, your hobbies go out the window and daily duties around the home end up being done in a hurry on your one day off. You don’t care for yourself either, you’re the bottom of the ladder of important things and that is when your wellbeing can take a knock. ...

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