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…
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…
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…
How can an accountant benefit your small business?
Running a small business and managing everything that comes with it can be tough. Hiring an accountant to manage your business accounts not only takes some pressure away but also ensures your small business benefits from expert accountancy. A great accountant can work with small and start-up businesses across all industries and provide clear financial…
How to sell a limited company
People decide to sell their limited company for a whole host of different reasons. However, the vast majority of business owners will choose to sell their limited company for the following reasons: Retirement Profit driven Simply not wanting to run the business anymore. You can either sell your shares to a third party buyer,…
Reasons you should hire a small business accountant in 2022
Thinking of hiring a small business accountant in 2022? Read on. Running a small business can be incredibly challenging, especially when it comes to getting your business of the ground, maximising exposure, gaining funding to grow and ensuring that you do not overspend during those early days. And, from the moment you set up your…
Choosing the right accountant for your small business
Choosing the right accountant for your small business An accountant plays a vital role in the running of any small business, helping to prepare accounts and tax returns, managing payroll, and ensuring that the business stays up to date with tax deadlines. So, if you’re thinking about hiring an accountant for your small business or…
Why should your small business be using Xero?
Xero is a cloud accounting software tool used by over two million people worldwide. Designed to meet the accounting needs of small and growing businesses, Xero has revolutionised cloud accounting, making it easier and simpler for small businesses to manage their finances. But why is it so popular? And why should your small business be…
The small business guide to managing cash flow
As a small business, your cash flow can make or break your business. In fact, according to research: Cash flow is the number one reason for business failure amongst start-ups 78% of all UK SMEs that are owed money are forced to wait at least one month beyond their agreement terms for payment 52% of…
How much is it to set up a limited company?
How much is it to set up a limited company? A record number of businesses have been set up during Covid-19, with more people than ever before make their dream of launching a business and doing what they love a reality. According to analysis conducted by the Centre for Entrepreneurs, 500,000 companies were launched in…
