The RJF Accounting Blog

Everyone loves a bargain. It’s basic human nature. However, when it comes to running your business you should be focusing on investments, not bargains – especially when it’s time to hire an accountant.  There are plenty of cheap accountants out there, but choosing their services based on price alone is a dangerous game. Of course, it’s […]

Small businesses often put off hiring an accountant until they’ve grown bigger, but that’s a mistake that can actually delay growth. The services of an accountant extend beyond simply minimizing your tax bill, although that’s an undeniably valuable advantage. In addition to saving you time and money, a good accountant helps you to manage your […]

Entrepreneur: “a person who sets up a business or businesses, taking on financial risks in the hope of profit.” The very definition of entrepreneurship is taking on risk… Often one of the reasons we decide to start a business is that we are prepared to take on risk for the chance of a high reward. […]

A few budgeting tips here and there might help you remain profitable in the long run. And they can even help you achieve success. But beyond the tips, one of the surefire ways for you to reach your goals through cash flow forecasting.  This is a tool that gives you a pragmatic projection of where […]

Why do businesses take out loans? The fact is that there can be any number of reasons.  Some need financing to get the business off the ground. Others need a small influx of cash to make it through hard times. A loan could also help a business expand or move into a new location. And it’s the banks and lenders that set the limits to what a company can ask money for. With certain types of loans, businesses can do whatever they want with the money. So should you or should you not apply for a business loan? Ask yourself the following questions and you should get a good idea from the answers.

There’s much to learn about building a business from the ground up and turning it into a success. Some things you pick up along the way, others you have to know before getting started. That said, it will be much easier to succeed if you remember a few key things. Tip #1. Identify Your Audience […]

Hiring a quality accountant is a wise investment in the financial health of your business. It can be tempting to choose a cheap accounting firm in the interest of saving money, but this often proves to be a costly mistake. It may seem like great accountants cost a lot but they save you even more […]

Hiring a quality accountant is a wise investment in the financial health of your business. It can be tempting to choose a cheap accounting firm in the interest of saving money, but this often proves to be a costly mistake. It may seem like great accountants cost a lot but they save you even more money in the long run. We’ve all heard the old adage “you get what you pay for” and here’s why it’s especially true when it comes to choosing an accounting firm.

As a small business owner, there’s no greater joy than watching your creation thrive. As you experience success, it’s only natural to think about growth, which is both exciting and intimidating. Starting a business is one thing but scaling up is quite another.  Research by Barclaycard found that in order to scale up, you need to […]

During the last budget, the chancellor announced a 130% super deduction corporation tax relief for businesses. This was to encourage spending and investment from companies in an attempt to boost the economy. What does this mean, will it benefit you and how can you take advantage of it? “From 1st April 2021 until 31st March […]

If you are launching a new start-up business takes vision, determination, and, most importantly, funding. The financial side of things can be the biggest hurdle for many new entrepreneurs as the initial challenge might seem overwhelming. Yet, there are many available options for procuring the necessary funds that will get your startup going. The most important […]

Companies often have to take on a business loan without completely paying it off. Here are some methods to get a clean slate and begin developing your business further. Companies get into debt for a variety of reasons, and often unrelated to economic hardships. For instance, a large number of start-up companies get off the […]