Business

Starting a business can be a challenging experience, especially when it comes to managing your numbers and staying on top of your financial management. Unless you’ve got some experience in finance, the bookkeeping and accounting requirements can be quite daunting. And even with today’s helpful cloud accounting platforms and fintech apps, there’s always the possibility of making a...

A Bank reconciliation involves a comparison of your sales and expense records against the record your bank has. It is a critical financial process to identify and rectify any discrepancies or errors between your internal financial records with the transactions recorded in your bank statement.  Bank reconciliations keep your bookkeeping accurate and can help lower your tax, alert...

Getting ready for an audit is unlikely to be one of your favourite things to do as a business owner. But being prepared, organised and ready can take some of the pain out of an audit. Planning for your audit helps your auditor get their job done more quickly, and also means there’s minimal disruption to your staff...

Have you factored in the rise in the National Living Wage from April 2024? Talk to us about managing your business costs and remaining profitable. #costs #minimumwage #costs #minimumwage #businesstips Although inflation is now on a downward trend, the sharp cost rises over the last 18 months are baked in. Energy prices are increasing again and the overall...

Wondering what Mastodon or Threads is all about? Here's the rundown on 4 new Twitter-a-like social media platforms. #businessadvice We all know the importance of social media for your company’s marketing and brand awareness. But the world of social media is constantly changing. A number of new Twitter-a-like social media platforms have popped up and they are vying...

This time of year can be hard on small businesses. With a bit of pre-planning and being proactive, you can set yourself up for a financially stress-free holiday. Talk to us. We can help. #smallbusiness #cashflowtips Are you heading away for a break from the business this year? This time of year can be hard on small business....

In the Autumn Statement, Chancellor Jeremy Hunt promised 110 measures to grow the economy. We outline the main points. #UKbudget #autumnstatement The 2023 Autumn Statement was presented against a background of inflation falling from recent peaks. Annual inflation for the last quarter of 2023 is now expected to be 4.8%, against a previously anticipated 2.9%. With recent large...

Hoping to sell your business in the next five years? We’ll help you get your business in order and come up with a sale plan that delivers the best possible sale price. #businessadvice #SmallBusiness #exitstrategy Selling your business is a big move for any owner. You’ve built this company up, scaled it and put years of hard work...

Thinking of selling your business but want to leave a legacy? An Employee Ownership Trust is a great way to sell your existing business to your employees and get some tax benefits. #businessadvice #SmallBusiness #EmployeeOwnershipTrust As a business owner, you probably want to leave a lasting legacy behind when you finally get to the end of the journey...

As your business scales, your systems need to scale with you. Moving to an enterprise resource planning (ERP) solution is the best way to stay in control of your growing business. #businessadvice #SmallBusiness #ERP #EnterpriseResourcePlanning As your business scales, the complexity of your systems, data and management information will grow at a similar pace. And if you're using...