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...

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...

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 if finance,...

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...

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. Who...

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...

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...

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...