The RJF Accounting Blog

Making mistakes is an unavoidable part of your entrepreneurial journey, but certain errors may prove fatal for your fledgling business. A lot of small businesses fail in the first year. Often, this is due to naivety or a lack of preparation. Let’s take a look at some of the most common – and dangerous – […]

Valuing a business is a complex process, there are many factors that can affect the price such as sector, location, consumer trends and even the current economic situation. Despite all that it’s still worth remembering that a business is only worth what people are willing to pay for it!

If you’re in the start-up or business world you’ll have heard the same old statistic..“80% of businesses fail within their first year” – most through making common start-up mistakes! Yet even with those odds we still take our shot and swing the bat in a quest to become one of the small minority of company owners with a thriving business. Good for you if you’re one of those people! Without entrepreneurs taking their shot, the UK would look like a very different place. Small businesses employ 48% of the British workforce. But with all that being said if you’re about to embark on one of the most challenging journeys of your life, you’ll want to be prepared. So here are some of the biggest mistakes founders make, if you can avoid these you start to swing the odds in your favour.

So you’ve decided to take the plunge and start a business. You’ve legally formed your company and are raring to go. Congratulations… you are now officially a company director! But what exactly does that mean? Almost anyone can become a company director, we are lucky enough to live in a country where anyone can start […]

Seeking an investor isn’t as easy as asking for money to fund your highly promising business idea. It takes serious work, preparation and patience. Chances are you won’t even find the right fit in your first meeting.But before you get to that meeting, here are some things you should know beforehand. How Much Are You Willing […]

You’ve got an idea. You’re raring to get started, bring some customers on and get the money rolling in! Starting a new business is easy right? Whoah… hold on just a minute… you could save yourself a lot of time, effort and money if you pause, take a step back, and objectively ask yourself the […]

I don’t think we need to repeat the grim statistic… if you are a business owner you know you are up against the odds. Yet still, we try, believing we have what it takes to build the next 8 figure company. That’s admirable, small business owners are the backbone of this country. Without people like […]

Claiming for business mileage is often overlooked by many business owners, they tend to forget that claiming for legitimate business mileage is an allowable expense in the eyes of HMRC. Anything that can reduce that corporation tax bill can only be a good thing, right? Before you start claiming for everything under the sun, HMRC […]

So many businesses are in the position where they need to cut overheads but how do you do this without having to make anyone redundant or reducing their hours? How can you do this without having to trawl your financial reports? If you’re looking for easy ways to cut your overheads during a recession, here […]

Many business owners, sole traders and freelancers use a home office. Whether that’s for occasional admin in conjunction with commercial premises or as a full-time office. The good news is that HMRC will allow you to claim a portion of your costs against your tax. Which is nice… But before we all get too excited, it’s not much, it’s not going to make a massive difference but it’s something!

Raising finance is an art form. It’s one of the subjects we deal with the most for clients who know what they can offer, yet haven’t scoped out the full means to bring it to market. It’s time we spoke about how to raise business finance, from tax credits to an investment round. There’s much […]

You’ve built a business up from nothing. Along the way, it’s either created or adopted new technology, giving your customers or internal team a big attraction for investment. We’ve spoken before about how funds can be gained for any business, but a tech brand is slightly different. It relies on proving your development journey, as […]