One of the key concerns if your company employs staff is running payroll. This is important for a number of reasons and something you must not only do on time each month but also get right. If not, your employees will not be paid on time...
The world of work is a fast-moving place and this is more true than ever when you consider how people work now. Freelancing has really grown over recent years to become a popular career choice. When you look at the freedom, flexibility and chance to be...
Being a sole trader has a range of benefits – not only do you have a lot of freedom when it comes to the type of work that you accept, but you can also work on a more flexible schedule. Saying that though, there are certain...
Working as a sole trader is often a unique experience, but from an accounting perspective, you need to do much the same as any other business. This means keeping hold of your business records to accurately pay taxes. Although often thought of as self-employed individuals, the...
When starting a business, many entrepreneurs envisage outsourced accountancy as something to think about later down the line. They think this for a number of reasons; whether it's the perception that small business accountancy is easy enough that they don't need help, or that they simply...
VAT registration becomes mandatory for your business if your annual turnover has been over £85,000 or is predicted to be so over the following 30 days. If your turnover is under that, VAT registration is not legally required. Many smaller businesses still choose to become...
Whether you have a great business idea or dream of becoming your own boss, starting a business is an exciting time. Running your own business will take time, hard work and energy, but there are great rewards available in terms of your own freedom, flexibility, and...
When you're considering the services of a financial specialist to help you with your start-up accounting, there are many things to consider. Something you may not have thought about is scalability - but scalability is one of the most important things you need to be aware...
Small businesses across the country have had a traumatic last 12 months, and with coronavirus restrictions set to be lifted in the coming months, every business owner will be looking to consolidate throughout 2021 and will be doing all they can to operate safely and...
Choosing to set up your own small business is a huge decision and one that will change your life. Of course, if you get it right then this will be in a positive way. Many people running successful small businesses love the chance to be their...