Writing a flexible business plan

Business planning is an often underrated and misunderstood task. For some, it can seem daunting and feel a little like having to do your homework. But tackled with positivity and the right support, a business plan can be a helpful guiding tool for business growth and success. It’s rare that any small business starts with a clear business plan, typed up and laminated on the office wall. … [Read more...]

Should I use simplified cash basis?

Financial reporting for small businesses can feel like a burden. If you’re running your own accounts, then even more so. There are several ways that small business owners can make the daunting more manageable… In this blog, we take a look at the basics of the cash basis system and outline the key factors determining if it’s the right option for your business. What is the simplified cash … [Read more...]

Top 5 Cloud Accounting Questions

Cloud-based accountancy packages are better than ever, with good value options and up-to-date, easy to use software. All you need to make business accounting easier than ever, is advice on where to start and someone to recommend the best for you and your business. So here goes… Cloud accounting and digital accountancy packages can seem like a futuristic administrative nightmare - daunting, … [Read more...]

Bookkeeping basics for your small business

Running your small business is a big job. Whether or not you have one or two team-members, or you’re a sole operator, there are myriad tasks to be done every day, just to keep your business running. Admin - especially financial admin - can often get pushed to the bottom of the to do list and can add unwelcome pressure. In this blog post I’ll be looking at the basics of bookkeeping and outlining … [Read more...]

Buy-to-let tax increase for landlords

The past few years have been progressively more difficult for landlords, as the government has sought to crack down on what it sees as the inflated private rental sector. Since the most recent budget, the buy-to-let tax increase for landlords is a hot topic and is becoming increasingly more complicated... In this blog post I’m looking at the latest legislation affecting rentals, whether a … [Read more...]

5 Tips for starting your business on a shoe string

Starting your business is exciting but also daunting. Many businesses are started whilst the entrepreneur has another job or business so as to mitigate some of the risk. There are many ways of reducing the cost of setting up and establishing a business before the financial risk becomes too big to handle. 1. Work from homeFinding affordable work space suitable for your business locally can be a … [Read more...]