Top 3 challenges every small business owner faces
Read this blog to discover the solution to the top three challenges every small business owner faces. Finding customers, money management, lead generation- there are so many challenges that small business owners face. These common challenges can be concerning for small businesses and can even threaten their chance of survival. Luckily, every problem can…
5 Statistics every business owner needs to know
Read this blog to discover five important statistics that every business should know. Over the last 15 years, running a business has been tough. There have been a number of challenges that have disturbed the business landscape including Brexit, the cost-of-living crisis, the Coronavirus pandemic, and the great recession. Despite this, businesses continue to fight…
What affects your business credit score?
A business credit score provides credit agencies, loan issuers and other types of financial vendors with a general insight into how much of a risk you are when it comes to borrowing money. Businesses of all shapes and sizes frequently find themselves in a position where they need a cash injection at some stage in…
How to improve your business credit score
Your business credit score is more than just a number. In fact, it can have a significant impact on your business success. Lenders, suppliers, and other creditors will use your business credit score to understand your financial position and whether you will pay your bills on time. A good credit score is not only important…
5 Budgeting tips for your business
Read this blog to discover 5 budgeting tips for your business. Creating a budget and sticking to it is important to ensure your business has success and security. Managing your budget efficiently and effectively ensures you have a positive cash flow and the funds available for growth. What is a business budget? A business budget…
Why is cash flow management important?
Effective cash flow management can be the difference between the success and failure of your business. For this reason, it is immensely important to pay attention to your cash flow to maintain working capital and funds for growth. During tough economic times, it is even more important to keep a close eye on your cash…
Why choose Xero for your business
Read this blog to find out how your business can benefit from Xero accounting software. Xero cloud accounting software is designed to support small and growing businesses with accounting and a range of bookkeeping functions such as invoicing and payroll. It is a web-based solution that can be accessed from any device in any location…
3 Benefits of hiring a small business accountant
Hiring an accountant is critical for your small business as they provide expert advice, recommendations, and support to improve your financial position. Not only that, but hiring an accountant also provides you with reassurance that your legal, financial, and tax responsibilities are being taken care of. A good small business accountant will offer you a…
5 Purchases you didn’t know were tax deductible
Keep reading to find out five business purchases you didn’t know were tax deductible. It is important that limited companies pay the right amount of tax each year to avoid fines and penalties from HMRC. Just like it is important not to underpay tax, it is also important that businesses do not pay tax on…
Your end of year accounts checklist
The tax year runs from April 6th to April 5th each year, which means that the end of the 2022/23 tax year is just days away and for most businesses this also marks the end of the accounting year too. If this is the case for you and your small business, you don’t have much…
What does the Spring Budget mean for small businesses? 2023
Chancellor Jeremey Hunt has delivered his Spring Budget for 2023. From energy bill support to tax changes, here are the key announcements from the March budget that small businesses and small business owners need to know. Energy bill support Although the Spring Budget fell short of mentioning energy bill support specifically for businesses, the chancellor…
70 per cent of small businesses don’t have an accountant – here’s why you should
Each year 82 per cent of small businesses fail due to poor cash flow management, but this need not be the case. Outsourcing your accounts to an expert accountant with access to the latest accounting software makes it easier than ever to manage, view, and analyse the financial wealth of your business. One of the…
