Going it alone in business can be the best feeling in the world; you are your own boss, master of your own destiny and in control of everything – including the finances. As a sole trader, you have to wear many hats and quickly need to become an accountant, an HR professional, marketer and director, […]
Alternative business finance can be a useful tool to boost cash flow, get your business through a rough time, or take it to the next level. Whatever the purpose of the funding may be, there are many different eligibility criteria for different types of finance. Here’s what you need to know about eligibility to prepare […]
Have you ever found yourself engrossed in an in-depth business conversation only to catch yourself thinking “… wait – what’s turnover again?” Whether you’re new to owning your own business or you’re a seasoned veteran, we all forget jargon from time to time. The lingo of business, the lingo of finance, and even the lingo […]
Running a business can be difficult, and the retail industry is no exception, with external market forces that are impossible to control and tricky to plan for. It could be that an extra injection of cash is needed to help you achieve growth, plug a cash flow gap or get you through an unexpected tough […]
It’s that time of the year again when tax bills strike millions of companies across the UK. While business owners are trying to complete their annual tax return, HMRC just released a new rule that says businesses are not allowed to make tax payments with their personal credit card anymore. It’s very common for business […]
If you’re in a professional services industry – such as a lawyer, accountant, financial adviser or management consultant – then a social media presence is a great way to network with potential clients and show your expertise. The level of trust a client puts into their professional services firms can be extensive, from their finance dealings to […]
One of the keys areas I’m regularly asked to comment on or assist with is how to apply for funding for small businesses. This involves sourcing many different types of funding depending on the circumstances at the time. Most business owners are familiar with funding supplied via the bank, in particular overdrafts and loans, although […]
Every business needs to stay on top of their finances. Here’s our guide to managing your business tax, budgeting and cashflow issues. Paying the right amount of tax It’s important that as part of your financial planning, you look at your business tax situation. Penalties can be severe if you don’t pay the tax that […]
Your business credit score is a number that indicates how likely your business is to fail in the next year. Your business is scored on a scale of 1 to 100 and the higher the number, the less likely it’s considered your business will fail. How is my company credit score calculated? It’s a common […]
Getting the right finance, at the right time, is hugely important for all businesses. As well as needing money to start up, you’ll need a steady flow of cash to pay your overheads, invest in equipment and supplies, and keep your business afloat while you’re waiting for your customers to pay you. You might also […]