Let’s face it, the UK’s VAT system can be a minefield. That’s why we have written this post to include some of the most common VAT mistakes made by SMEs. As a business, you can generally claim back the VAT paid on goods and services bought for business use – provided you have a valid …
Running a business can be stressful, especially if you’re trying to get your head around things you’ve never done before, such as bookkeeping. Why struggle when you can outsource that part of your business to an expert who will be able to get it done much quicker than you can? If you’re not convinced, here …
One of the biggest issues facing small business owners is getting clients to pay on time. The recent C2FO Working Capital Outlook Survey cites that out of 1800 small business owners across the UK, Germany, France, Italy and the US, 54% said cash flow problems was their biggest barrier to growth. A late payment can …
E-commerce businesses have experienced a boom of late. The lockdowns we’ve all endured appear to have sent us lunging for our laptops. In fact, four in ten Brits have done more online shopping since the pandemic than before. That’s great news if you run an e-commerce business. But before you get the champagne out and …
Let’s start at the beginning. Cash flow is the money that flows in and out of your business. It’s either: Cash coming in from customers when buying your products or services, or Cash going out of your business in the form of payments for expenses, like rent or a mortgage, in monthly loan payments, and …
The recent budget slapped businesses in the face. Not only are many still reeling from the impact of Covid (and will for many years to come), now they’re faced with the first rise in corporation tax in 47 years. But it’s OK. All the media’s headlines reassure us that the increase will only affect big …
SMEs, Not Big Businesses Will Feel the Corporation Tax Pinch Read More »
Allowable business expenses are a legitimate way to reduce the amount of tax you pay. Many see it as yet another perk for the self-employed. Not only do these elites get rid of their overbearing boss and work the hours they choose (that one will be hotly debated), but their nirvana also means they can …
Are You Claiming All Your Allowable Business Expenses? Read More »
Bookkeeping is a vital part of any company regardless of its size. Accurate and timely financial reports mean you can keep on top of your business and make informed decisions. Cost is always a significant factor when looking at whether in-house or outsourced bookkeeping is right for you. But there are more critical issues such …
Bookkeeping – The In-house or Outsourced Dilemma Read More »
At its heart, Hubdock is all about convenience and automation — helping your business to digitize financial documentation in a straight forward and error-free way. This is a huge benefit for busy business owners who don’t want to spend hours on data entry every week. As expected, Hubdock works in tandem with Xero, allowing your …
With the coronavirus crisis having driven employees out of their workplaces and into their homes, questions surrounding productivity have continued to be at the forefront of every manager’s mind. So, is working from home more productive? Truthfully, there isn’t a right answer here as productivity can increase or decrease depending on working circumstances. But, with …
