As 2020 begins to draw nearer, you may be thinking of branching out in your career and setting up your own business. Business start-ups are the lifeblood of the UK economy and the New Year is the perfect time to make a fresh start. One...
Start-ups are the lifeblood of the UK economy and vital to the country's success. Running this kind of business can sometimes bring its own challenges though - usually around budgets and money! This means that finding the best way to look after your key business...
If you're starting your own business, payroll affordability could be one major issue causing worry about ongoing operations. Retaining the best people in your business isn't always about paying top dollar, though. There are a variety of benefits/expenses that could be offered new hires and...
If you're planning any kind of business start-up in the UK, it's always a good idea to get in touch with professional accountants at the earliest stage. Many small business leaders do prefer to "go it alone" for the first few weeks or months, however....
Starting your own business is a great way to take control of your destiny and career. However, owners of business start-ups often underestimate how much work there is in building a business. As a result, they tend to work long hours, often without much time...
There are numerous myths when it comes to business start-ups. While some of these are harmless and can be quickly dismissed, others can be damaging to the potential success of your future venture. So, what are the top five myths of business start-ups and what are...
Businesses nowadays outsource several mundane tasks to independent professionals who are better skilled and experienced in their respective fields. Small businesses and business start-ups have a lot to gain from outsourcing critical tasks such as accounting and payroll. Here are five reasons why financial management and...
Many business start-ups will be registered as sole traders, certainly during their initial phase of growth. This is understandable as being a sole trader is simpler in many aspects than setting up as a limited company. Accounting and paperwork are generally less time-consuming for example and...
Business start-ups and small businesses are often slow at delegating certain tasks within the business. Accounting is one of the vital roles that many new entrepreneurs seem to take lightly. Some business owners assume that their enterprise is not large enough or ready for professional accountancy....
Accounting is a critical area in any organisation. Besides handling crucial tasks such as payroll management, tax compliance, and preparation of financial documents, an accountant is also responsible for providing valuable financial insights to inform business decisions. Clearly, only a competent, highly-skilled professional is well-suited to...
Launching a new business is an exciting venture. However, running a successful start-up has proven difficult for many entrepreneurs. 30% of business start-ups fail within the first two years, only a few grow to dominate their niche and become established brands. Financial problems are identified as...
Staying on top of business accounting can be time-consuming and difficult, and that's particularly true for new business start-ups. If you're planning to set up a limited company, corporation tax is just one of the regular taxes your business will need to pay. As small business...