Manage Your Money
Do you find it hard to manage your money? It can be even worse if you run you are a small business owner, a freelancer or self-employed. It’s hard to step from being an employee into the role where you need to look after business finances and plan for the future but with these top tips you’ll be able to settle into that adjustment. Keep Things Separate It’s so easy to start your freelance life or set up an online business and simply use the bank account you’ve always had. The b...
January 20, 2020Top Tips To Get Paid Quicker
Do you find yourself waiting for invoices to be paid? Getting frustrated when you have to chase people for payment? It puts all sorts of pressures on small business owners and employees. Surely there’s a better way to get paid sooner? Quicker? More frequently? Here are some top tips to get paid quicker which really work!Take Charge It’s up to you to get your invoice sent as soon as you can after work is completed. This should be the next part of your workflow, your process after finishi...
January 13, 2020Check Your Emails Less
How often do you find yourself checking your emails? Maybe you’re waiting for that all important contract to come through. Perhaps you refresh your inbox every couple of minutes in the hope that you’ll have an invoice payment confirmation. Whatever the reason, checking your emails takes time you could be spending on other areas of your business. Here’s a few ideas to implement of how to check your emails less.Around the world we apparently send 200 million emails every day! That is a ridic...
January 6, 2020How To Prepare Your Business For A New Year
A new year is about to start. A new decade is about to begin. With the Christmas rush, the holiday season and the winter months, there are so many distractions which can often get in the way. How do you stay focused and concentrate on the business? How do you start 2020 off on the right foot? Let’s have a look at how to prepare your business for a new year! Review The Last 12 Months A great way to plan for the year ahead is to see what has happened to the business over the previous y...
December 30, 2019Avoid A Financial Hangover This Christmas
Christmas means different things to different people but at the heart of it, it’s a season of giving and goodwill. Whilst retailers might be reporting their best ever Q4, small service business might be seeing things slow down as customers and clients turn their attention elsewhere during the silly season. Whilst you may be staring downhearted into the cold bleak January, bracing yourself for a quiet month, there are plenty of things you can do to ensure you don’t have a hangover this Christ...
December 23, 2019Christmas Gifts For Employees
Gift giving is often seen as an important part of the festive season. Whether for family or friend or loved ones across the miles, in different parts of the world. What about employees? What if you want to give them a gift during the season of goodwill? What are the rules around Christmas gifts for employees, colleagues and maybe even your employer? Let’s take a look. Secret Santa is fine. You know, setting a limit of perhaps a fiver on a present spend and then putting everyone’s names ...
December 16, 2019How To Offer An Excellent Client Experience
Businesses can thrive or die on how they treat their customers. Reputation is a huge thing within the business world. Whether you’re a plumber, cafe owner or corporate business manager, the fundamentals of business stays the same. You might struggle and continuously ask yourself how to offer an excellent client experience but the key to it is implementing a strategic workflow. Workflow is so important. Everyone within the company needs to be on the same page with it. One chink in the work...
December 9, 2019Organise 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, 2019Is 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, 20197 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, 2019Should 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, 2019Making Tax Digital and QuickBooks
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November 4, 20196 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, 2019Is 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, 2019How 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, 2019Is 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, 2019Safety 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, 2019Keep 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, 20195 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, 2019Get 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, 20195 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, 2019Run 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, 2019What 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? Weâ...
August 27, 2019What 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, 2019What 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...
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