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LATEST ARTICLES ( 30 )

• 7 Reasons Why Cash Flow is Important for Small Business Success

  When running a business, the importance of cash flow cannot be understated. While profits, sales and expenses are all important to keep an eye on, cash flow is... Read more

  Posted on 11 February 2021 BUSINESS

• eCommerce VAT Changes 2021: Everything You Need to Know

  Big changes are coming to the UK’s VAT system from 1 January 2021. From this date, online sellers and those who sell through online marketplaces may have to... Read more

  Posted on 17 December 2020 BUSINESS

• 7 Reasons Why You Should Outsource Payroll for Your Business

  There comes a time in every business owner’s life when juggling payroll yourself is simply no longer an option. Business expands, customer lists grow, staff... Read more

  Posted on 08 December 2020 BUSINESS

• What Is a Cash Flow Forecast And Why Businesses Need One

  A cash flow forecast is a report which shows how much money a business expects to receive (cash inflow) and pay out (cash outflow) during a given period of time. Read more

  Posted on 23 October 2020 BUSINESS

• What Businesses Need to Know About the Kickstart Scheme

  A scheme originally announced back in the July mini-budget has recently launched. The Kickstart Scheme was unveiled by Chancellor Rishi Sunak in an attempt to... Read more

  Posted on 29 September 2020 BUSINESS

• 12 Effective Cash Flow Management Strategies for SMEs

  Poor cash flow management is among the leading reasons small businesses fail. The old adage “cash is king” still holds true today more than ever. Read more

  Posted on 11 August 2020 BUSINESS

• How to Handle Small Business Late Payments Without Alienating Clients

  Recent studies reveal that nearly a quarter of small and medium entrepreneurs in the UK are at risk of closing their doors because their clients do not pay... Read more

  Posted on 14 July 2020 BUSINESS

• A Guide to SOC 2 for Small and Medium-sized Businesses

  SOC (Service Organization Control) reports cover a wide range of business operations. Some are designed to protect customer data, while others are meant to... Read more

  Posted on 23 June 2020 BUSINESS

• Coronavirus Small Business Financial Support Guide

  As the coronavirus lockdown continues small businesses across the UK are facing tremendous financial pressure with many seeing their cash reserves dwindle. Read more

  Posted on 09 April 2020 BUSINESS

• Coronavirus Self-Employed Support Scheme Announced

  With more than 5 million people working as self-employed in the UK, the income support scheme announced is welcoming news for this 15% segment of the workforce. Read more

  Posted on 01 April 2020 BUSINESS

• IR35 Changes 2021: Everything Contractors Need to Know

  This article is updated as of 27 March 2020 for accuracy and correctness. We will continue to update this article as new developments unfold. Read more

  Posted on 10 March 2020 BUSINESS

• IR35 Changes 2020: Everything Contractors Need to Know

  Effective 6th April 2020, the Government has confirmed important changes are coming to IR35 (off payroll working). If you are a contractor or a freelancer... Read more

  Posted on 10 March 2020 BUSINESS

• Sole Trader Vs Limited Company: Which One Should You Choose?

  At the start of 2019, there were 5.8 million small businesses in the UK. 3.5 million of those were set up as a sole trader while only 2 million were limited... Read more

  Posted on 31 October 2019 BUSINESS

• Management Accounts and Why Every Small Business Needs Them

  Following the end of each financial year, every limited company must submit their Annual Accounts to Companies House and HMRC as part of their Company Tax... Read more

  Posted on 24 September 2019 BUSINESS

• Cash Vs Accrual Accounting: What’s the Difference?

  As a small business owner, when you think of accounting the first thing that comes to mind is probably just accounting. Afterall accounting is accounting... Read more

  Posted on 26 June 2019 BUSINESS

• What to Consider When Changing Accountants

  How do you know when it’s time to change accountants for your limited company? For most SMEs, a great accountant does much more than just keep the books. Read more

  Posted on 07 May 2019 BUSINESS

• Does It Make Sense for Startups to Outsource Accounting?

  As a budding business or ambitious startup, you will no doubt have a groundbreaking product, service or idea, a fully-developed business plan and all of your... Read more

  Posted on 01 April 2019 BUSINESS

• Why SMEs in the UK Need to Embrace Cloud Accounting

  In an era of DIY (do-it-yourself) the rise of cloud accounting is no surprise. The days of investing in expensive infrastructure and hiring of external... Read more

  Posted on 15 March 2019 BUSINESS

• 5 Common Accounting Problems That Lead to Small Business Failure

  Small business owners and managers routinely wear many hats. As a result, accounting duties are often left unattended for and that can lead to business... Read more

  Posted on 13 December 2018 BUSINESS

• Determining the Right Time to Hire an Accountant

  Small business owners strive to do for themselves as much as possible as a way to cut expenses and operate as frugally as possible.Indeed, in some business... Read more

  Posted on 05 November 2018 BUSINESS