A good forecasting exercise isn’t merely about looking at the facts, it’s also a chance to ask ‘what if?’
Ultimately, this allows you to look at different scenarios and test the impact, enabling you to see more clearly how you would be affected by any changes in income or expenditure.
With Coronavirus causing so much uncertainty, now is a very good time to do a forecasting exercise.
Whether you intend to remain a one-person business or take on employees in the future, starting your own company is an exciting journey. You’re choosing to be your own...
Even during these troubled and uncertain Coronavirus times, starting a small business is an exciting step. It puts you firmly in control of your own destiny and earning...
If you’re setting up a small business you’ll no longer be on someone else’s payroll, so you will need to understand how to extract money from your company....
As the end of the current financial tax year is fast approaching, it’s a good idea to think about whether you have fully maximised the amount you can withdraw from the company, tax-free and at the basic rate of dividend tax.
As a company owner, you have a myriad of priorities – grow your limited company, serve your clients, keep on top of admin. Here are some tips to help you stay afloat in a sea of tasks and pressures.
If you like to challenge yourself with New Year’s resolutions, maybe now is the right time to set some fresh goals for your small business.
When passion and business grow together Turning your hobby into your livelihood is a dream for so many people, but Samantha Bernice has actually made it happen. Samantha’s business grew from her passion for yoga and meditation but she quickly realised she needed to...
Your first year as the owner of a limited company can seem like a whirlwind of accountancy-related deadlines. There are dates to remember for filing your year-end accounts, your self-assessment tax return, your VAT returns…and a host of different dates for making payment of your various taxes. Here is how you stay on top of everything.
With Christmas just around the corner, it is worth considering what expenses you can claim through your limited company. As a director of a limited company, you are exempt from paying tax and national insurance on a party or similar social event, as long as it fits...
Is your bank account freelancer friendly? Typically, a freelancer is a specialised business, needing a different type of service from a bank account. It’s likely that your personal bank account provider may not offer the level of service you need for your business...
An online accountant is not just about being ‘an alternative’ accountancy approach, but it is here to challenge traditional accountancy firms. Online accountancy providers usually set up with technology at its core and therefore can be more efficient, customer focussed and streamlined.
So, you’ve worked on your own for what seems like ever, but as the hours you spend sitting at your computer screen increases you realise it’s time to take the plunge and hire help. Employing staff is a hugely positive impact on your business. Not only can it increase...
Healthy cash flow is essential for a business to survive. Failing to get paid quickly and regularly for work done for a customer can result in serious cash flow issues and ultimately will affect your long term prospects.