I think the SEIS scheme is one of the most interesting and generous schemes HMRC offer…and yes I know, generous and HMRC rarely appear in the same sentence but when I see it I call it! So let’s have a closer look at why I think SEIS is such an attractive scheme for both entrepreneurs […]
Cashflow management is crucial to the financial health of your business but, sadly, it can be especially tricky to handle for seasonal business owners. Peaks and troughs can have you wondering how you’re going to survive the slow months, let alone grow and improve your business. Fortunately, we have several strategies that can help you […]
There’s no denying the importance of separating your personal and business finances. Although the two are very different, there are some common personal finance rules that you should apply to your business accounts. Let’s take a look at the personal finance tactics that can help set your small business up for financial success. Set a […]
When you’re running a small business, it’s easy to get so preoccupied by day-to-day activities and forget to step back and see the bigger picture. However, it’s important to pause and take a good look at how your business is really faring. It’s also necessary to make sure that you’re looking after yourself, so that […]
Starting a new business takes guts but although first-time entrepreneurs are admirable, they are also prone to making mistakes. Today’s business environment is more difficult to navigate than ever, with ever-evolving pitfalls and sudden market shifts. The pandemic has greatly affected the business landscape and as the ripple effects continue to be felt, no-one can […]
VAT is one of those things that we all know about as consumers but never really understand properly until we run a business. Some people say we are unpaid tax collectors for HMRC… I wouldn’t like to comment 🙂 Regardless of that, rules are rules and VAT is here to stay. So let’s have a […]
There’s a lot to think about when starting a small business and learning basic accounting terms may not be a top priority. However, it is incredibly important to familiarise yourself with accounting basics in order to get a grip on your finances and build a thriving business. Even if you outsource your accounting, it’s important […]
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A business health check is never a bad idea and even if you’re doing okay, there are always ways to improve. It’s important to closely monitor your business’ “vital signs” and look for ways to fine-tune your processes to ensure that it continues to thrive. Let’s take a look at four ways to boost the financial health of your small business.
There’s a lot to think about when starting a business for the first time and prudent money management should be at the very top of that list. It’s important to put financial best practices into place so that you can manage your money well and create good habits going forward. Let’s take a look at […]
After a period of growth, you may be wondering whether or not it’s time to hire a CFO for your small business. On the one hand, CFOs offer top level financial advice and expertise that can take your business to the next level, but on the other, they are expensive and you may not be […]
As your small business grows, it will also encounter new and increasingly complex financial problems. In this day and age, a virtual CFO might just be the answer to your prayers. Let’s take a look at six key reasons why small business owners should outsource CFO services. Time As a small business owner, you constantly […]
If we’re being honest, accounting is no small business owner’s favourite task. It is, however, vital that you keep on top of your accounts in order to prevent money leaking out of your company. The following accounting mistakes could mean that your small business is bleeding money and losing profits, without you even knowing about […]