Although business bank accounts aren’t a legal requirement for start-ups, you’ll find it difficult to manage your affairs without one. Not all are the same however, so it’s within your best interests to find a deal most suitable for your…
Blog Archives
The New £10 Note is Coming – Here’s What You Need to Know
The new £10 note is set to be unveiled on 18 July, showcasing a modernised polymer design imprinted with the novelist Jane Austen. Its release into circulation is still some time away and the Bank of England have earmarked September…
Potential Pitfalls When Accountants Go Paperless
The move to a paperless system is one liable to mistakes, especially for a busy accountancy firm with mounds of files on record. However, in an increasingly online dominated arena, the paperless move is one necessary to keep up with…
Forecasting Profit & Loss When Writing Your First Business Plan
Calculating profit and loss is the ultimate objective when writing a business plan. Doing so accurately is a vital component for managing cash flow and evaluating future company performance. For start-ups in particular, drawing out your first business plan may…
How Your Business Can Take Advantage of Contactless Payments
Successful companies are able to adapt their business model to the ever-changing environment around them. As technology improves, this means the behaviour and spending patterns of your target audience will also shift. You must recognise these changes and acclimatise to…
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
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
How To Market Your Small Business On A Shoestring Budget
Running a business can be a very time consuming project, as well as a money pit. For many small businesses, either starting out or established, juggling the finances can be a bit of a burden. Those on a smaller budget…
Posted in Finance Tips, Small Business Advice
The Subtle Art Of Office Cost Cutting
As any business can tell you, every penny counts when running a successful company. You have to be careful about where your funds go, how regularly they get used and whether or not certain products or services are a necessity.…
Posted in Finance Tips, Small Business Advice
