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2008, 2019

How to manage the fear of setting up your own business

August 20th, 2019|Tags: , , |0 Comments

How to manage the fear of setting up your own business No matter how much experience, financial backing, or good luck you have behind you, setting up your own business is a terrifying prospect. You’ve left your previous job and lost the steady income. How do you know this won’t fall apart in a few months’ time? You have kids to feed; what if you’re not good enough? In the [...]

1308, 2019

Is your business ready for a valuation?

August 13th, 2019|Tags: , , , , |0 Comments

Is your business ready for a valuation? Some people say a business is only worth what someone wants to pay for it. But to avoid being undervalued, there are several ways to assess and improve your business. Deciding how much your business is worth is crucial if you want to sell or negotiate a deal. An accurate valuation can help you: Secure investment - Investors want to see realistic figures [...]

608, 2019

Why accounting software isn’t a replacement for an actual accountant

August 6th, 2019|Tags: , , , |0 Comments

Why accounting software isn’t a replacement for an actual accountant According to Intuit, the owners of QuickBooks, 40% of QuickBooks users don’t use outside accountants to help with their finances. In 2017, QuickBooks announced they passed the two million user milestone, and without more recent updates, we can only assume the number of users has continued to climb as they said they would. This means there are over 800,000 QuickBooks [...]

2307, 2019

When is the right time to sell your business?

July 23rd, 2019|Tags: , , |0 Comments

When is the right time to sell your business? Only two-thirds of businesses will survive past the two-year mark, while only half will reach five. Whether it’s because of cash flow issues, strained partner relationships, or a general company burnout, new businesses are at risk of stopping before they even really get started.  No one can succeed at everything. Sometimes you need to admit defeat, take the learning experience, and [...]

1607, 2019

Five ways to reduce business costs and avoid cash flow problems

July 16th, 2019|Tags: , , , |0 Comments

Five ways to reduce business costs and avoid cash flow problems It’s estimated that up to 61% of small businesses regularly struggle with cash flow, and 32% of their owners report being unable to pay vendors, loans, employees, or themselves. Cash flow problems are one of the main issues small businesses come up against and they can have a detrimental effect on your business. Luckily, all it takes to prevent [...]

907, 2019

So, you think you’re paying too much tax through PAYE?

July 9th, 2019|Tags: , , |0 Comments

So, you think you’re paying too much tax through PAYE? Paying our taxes means we contribute to keeping our institutions and infrastructure running. The money we pay in income tax and National Insurance contributions goes towards funding vital services like the NHS, the police, education, the welfare system, and public projects like roads, rail, and housing. Everyone should pay their fair share. But what happens when you think you might [...]

207, 2019

Avoiding tax scammers in 2019

July 2nd, 2019|Tags: , |0 Comments

Avoiding tax scammers in 2019 You might have already been a victim of a cyber criminal’s attempt to swindle you out of your hard-earned cash. At present, HMRC has a huge problem on their hands with fraudsters imitating the organisation online via email and over the phone to steal unsuspecting people’s personal details and money. Even if you’ve heard the advice before, it’s always worth going over the ways you [...]

2506, 2019

Making Tax Digital: dispelling the rumours and untruths

June 25th, 2019|Tags: , , , |0 Comments

Making Tax Digital: dispelling the rumours and untruths Making Tax Digital (MTD) has been in effect for a few months now. As of April 1st 2019, businesses are supposed to have implemented a digital tax solution ready for the first deadline of August 7th (for the first quarter of April to July). This is in an effort to close the tax gap, reducing overheads to manage taxes. The HMRC is intent [...]

1806, 2019

So you’ve hired your first employee? What to do next

June 18th, 2019|Tags: , , , , |0 Comments

So you've hired your first employee? What to do next Getting the ‘people’ part of your business right is a priority for your efficiency and profitability. Finding a suitable candidate that fits your needs as an employer is important, but your efforts will be useless if you're not complying with the law and doing what you need to do. Your legal rights and responsibilities as an employer don’t have to [...]

1106, 2019

Buying a business – before, during, and aftercare

June 11th, 2019|Tags: , , , |0 Comments

Buying a business - before, during, and aftercare If you’re looking to buy an existing business, there are plenty on offer. But it’s a situation that comes with significant financial risks. Therefore, finding someone to give you guidance throughout the process could save you a significant amount of money. Before you buy Buying a business might be quicker and easier than starting your own. But to make sure you find [...]

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