A good accountant is worth their weight in gold. But what if you’re not happy with your current one? It’s understandable that some business owners don’t want to go through the hassle of switching accountants, but it can be a huge mistake in the long run. If you’re unhappy with your current level of service, […]

They say that only two things are certain in life: death and taxes. Paying tax is inevitable but there are things you can do to reduce the percentage of your income that the taxman takes known as tax deductions. As a small business owner, the likelihood is that you’re probably paying too much tax, which […]

There are many benefits to using cloud accounting software, such as value for money, time-saving automation and more flexible working, but did you know that it can help you to get paid faster, too? Getting paid more quickly is one of the best ways to improve your cash flow and keep your business running smoothly, […]

Unfortunately, we all have to pay tax (unless you are Amazon of course….), no one likes it, and we all want to pay as little as possible, but where’s the line? Where does efficient tax planning meet avoidance and evasion? Let’s start with what we do at RJF! Efficient Tax Planning As the name suggests […]

As a small business owner, you may be used to taking the DIY approach. After all, you’re most likely a marketer, financial director, HR manager and payroll administrator, to name but a few of your many responsibilities. However, although your business may be small, there’s one area that really does call for professional help – […]

Good cash flow is essential to the financial health of your business. In finance terms, cash is comparable to food – without it, your business will run into many health problems and eventually starve. Cash flow problems are often cited as one of the main reasons that small businesses fail, so you need to make […]

Cash flow is the lifeblood of your small business. You need cash coming in regularly to ensure that you can continue operations and pay your staff and bills on time. However, cash flow can be precarious when you’re running a small business and late customer payments or unforeseen costs can cause huge disruption. In addition, it’s normal to expect a temporary period of negative cash flow as you scale up, since you have to spend before you reap the rewards. So how can you maintain a healthy cash flow in spite of these trials and tribulations? It may sound daunting but it simply requires a little thought and common sense. Read on to discover how to keep your cash flowing.

I get it, accounting, finance, and everything else in that sphere are very unsexy… Sometimes I’m envious of marketing, there’s always a new way to promote or a shiny new platform to get stuck into. In accounting, the most excitement we get is budget day…Let’s talk outsourcing – first thing’s first, I get it you want […]

As a business owner, late payments from clients and customers can be extremely problematic. As well as disrupting your cash flow and threatening the financial health of your enterprise, late payments cause a lot of hassle and headaches. Fortunately, however, there are steps you can take to ensure that clients pay their invoices in a […]

Money leaks in your small business eat away at your profits without you even knowing about it. Even if your business seems to be in great financial health, you should regularly check for leaks to ensure that you’re not unwittingly wasting money. Plugging money leaks can help to reduce your spending and thus boost your […]

In the past, digitising a business was an expensive and time-consuming process but today it’s not only easier, it’s practically mandatory if you want to see your business achieve success. Technology can streamline working processes, boost employee morale and improve user experience. The amount of digital infrastructure available nowadays means that digitisation is accessible to businesses of all sizes, and those who don’t go digital are likely to get left in the dust. In short, it’s a must. Here’s why you need to digitise your small business ASAP.

Entrepreneurs have a mindset suited for risk-taking, but accidents and unexpected expenses are still part of the job. Business insurance is the best way to guard against unnecessary losses and allow a startup to continue to grow. Every business owner should expect the unexpected. Anything can happen as they grow their business, as taking risks is something they do often. But small or large, they stand to lose plenty if they do not have backup plans in store and insurance to cover unexpected expenditures.