Tips & Articles
Checklist: 70 Steps to Start a Business
Before starting your business there are many things to consider. Remember, that planning is a core of success. Alan Lakein, well-known author on personal time management, has famously said, “Failing to plan is planning to fail”. A business plan helps you to clarify your business idea, to set out your goals, to prepare...
Read MoreTemplate: Business Cash Flow Statement
The term cash flow refers to the net amount of cash and cash equivalents being transferred in and out of a business. The purpose of a cash flow statement is to provide a detailed picture of what happened to your business’s cash during a specified period, known as the accounting period. It demonstrates...
Read MoreBookkeeping: How to Minimise a Headache
As a business owner and company director, running a business could be frustrating. For lots of business owners, bookkeeping is a nightmare. Whatever your size of business, you should be routinely receiving data about your numbers and analyse it accurately to understand the flow of money through your business. Bookkeeping and keeping good...
Read MoreEmployer: What Need to Know about Workplace Pension
As a result of Automatic Enrolment, millions of people now have a workplace pension. Find out how this affects your business. Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it. This is called ‘automatic enrolment’. If you employ at least...
Read More7 Steps How to Start an Online Business
More people are online than ever before and asking questions that you might have the answers to or looking for product that you might offer. Therefore there’s never been a better time to start an online business than right now. There are many reasons why people are starting an online business such as:...
Read MoreTax Return: Who Needs to Complete a Self Assessment
The tax year in UK is from 6 April to 5 April the following year. Self Assessment is a system HM Revenue and Customs (HMRC) uses to collect Income Tax. Tax is usually deducted automatically from wages, pensions and savings. People and businesses with other income must report it in a tax return....
Read More12 Tips to Improve a Business Cash Flow
One of the reasons why business fails is a poor cash flow management. Effectively managing cash flow is vital to the running of your business.Even if your company is currently profitable, it is still at risk for negative cash flow as at any time your business can be hit with cash flow problems...
Read More8 Alternative Ways to Fund a Business
Thousands of business owners are looking for alternative sources to raise finance for starting or growing their business.If you’re one of them, in this article you will find main ways to fund your business without a bank loan. 1. Family loan Relatives and loved ones are more likely to trust you with their...
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