Freelancing holds many advantages for both the individual and company. There are relaxed hours for the worker. often from the comfort of home, whilst the employer will be streamlining costs by appointing someone on an ad hoc basis. However, what if…
Blog Archives
Learning More About HMRC Penalties for Businesses
Businesses in the UK have a responsibility to complete tax returns accurately and on time. If discrepancies are found or deadlines aren’t met, the HMRC will impose penalties on the company depending on the amount owed and degree of lateness.
Posted in Small Business Advice, Tax Tips
An Introduction to VAT
Value Added Tax is a levy added onto most transactions of goods and services in the UK. It is a consumption tax collected at every stage of production and distribution, charged only by VAT-registered companies.
Posted in Guides
Investments Versus Expenses: What’s The Difference?
The difference between an investment and an expense can be defined as follows; An investment denotes spending money with the expectation of receiving a return on the original outlay, hopefully by making a profit. An expense is most likely to…
Posted in Small Business Advice
7 Ways Your Small Business Is Losing Precious Money
Cash flow is the most important thing for a small business, especially in the early stages of its existence. Without it, the company won’t be able to grow and the threat of insolvency could soon become reality. Sadly, the truth…
Posted in Finance Tips
Legal Issues You May Face with Business Loans
Start-up companies are susceptible to a whole host of legal mishaps that can damage the progression of the business. Even if the mistake is completely unintentional, serious legal issues are something all business owners want to avoid.
Posted in Small Business Advice
Why You Shouldn’t Try Do it Yourself Accounting
For the majority of business owners, dealing with monotonous accounting figures isn’t what they imagined when setting up the company in the first place. However, it is a compulsory part of the job and required by the HRMC for tax…
Posted in Small Business Advice
Does a Small Business Need a Business Plan?
No matter the size of your business, a suitable plan must be in place which outlines the company’s basic objectives and how they can be achieved within a certain timeframe. This plan should determine your long term goals and can…
Posted in Small Business Advice
Providing Fixed Fee Services Versus Creating Flexible Contracts
Setting up a pricing model for any product or service can be a tricky one. Whilst it is important for a business to be making a profit, the prices also need to be fair and in line with the competition.…
Posted in Finance Tips, Small Business Advice
The Pros and Cons to Renting Products and Services for Your Small Business
The sensible option for many smaller businesses is to rent their required products or services at a cheaper price. This makes perfect sense as a short term solution and is a widely used practice across the UK. On the other…
Posted in Finance Tips, Small Business Advice
