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What the cut in interest rates mean to small businesses?

Posted 02 Sep 16

The Bank of England has recently changed its rates, however, rather than increasing them as many people had been expecting, interest rates have reached a record low at 0.25%. One of the major reasons for this change is June’s referendum to vote for Britain to leave the EU, which resulted in understandable loss of economic confidence. Read More »

Auto-Enrolment : Common Questions

Posted 24 Aug 16

Every year many small business owners are filing their auto-enrolment for the very first time. Although it is a task we all do, still many questions arise just as the deadline fast approaching. As a company director you need to ensure that all your paperwork is organised and delivered to the right address at the right time. Read More »

How are limited company dividends taxed?

Posted 17 Aug 16

Upon incorporation with Companies House, limited companies become individual legal entities. This means that all business finances and assets belong to the company and not its owners. As a company owner you cannot simply remove money from the business in the same way as a sole trader can. Read More »

Guide to Bookkeeping for new business owners Part 1

Posted 14 Aug 16

If you are a young business owner, it is likely that the topic of bookkeeping and your responsibilities and requirements have been on your mind almost constantly. As your business start taking shape, you will need to learn which accounting records are important and how to keep them organised and up-to-date. Read More »

Maintaining Healthy Cashflow: How to Look after your company’s money?

Posted 07 Aug 16

Maintaining healthy cashflow is one of the greatest challenges every small business owner faces at some point. Running your business requires discipline and high organisation skills and often means dedicating your time to do administrative work rather than plan an exciting investment. Read More »

Should you outsource your payroll?

Posted 26 Jul 16

One of the main reasons a lot of businesses fail is the owners’ inability to predict the amount of responsibilities one has when running a company. From marketing and market research to contacting clients and tax and finances, it can be overwhelming to take care of all these aspects. However, the simple solution for managing all the tasks is outsourcing some of them. Read More »

Questions to ask when hiring an accountant for your small business

Posted 24 Jul 16

Finding a good accountant can be a daunting process, especially for company owners who start their first business. Scanning through pages of Google results is a pointless task if you don’t have a clear idea of what exactly you are looking for in the candidate. Read More »

What Affects Your Credit Scores?

Posted 17 Jul 16

As a small business owner you will be making financial investments in order to develop your company. At times, you will be able to cover them from the money you make on sales, however, often you will be in need of a business loan. Read More »