Why Every Business Should Have A Budget? The main reason why businesses need a monthly, quarterly or annual budget is to protect and maintain the financial health of the business. When you build a business, there are a lot of things to stay on top of, from marketing and finding new clients to building a …
Are you tired of not making enough money? Use these tips to make as much as you deserve. There are so many things to look at before pricing your offer. That’s why business owners often make mistakes in that area. To be specific, two of the most common mistakes they make when pricing their offers …
The Balance sheet is one of the three fundamental financial statements and is key to both financial modelling and accounting. The balance sheet displays the company’s total assets, and how these assets are financed, through either debt or equity. It can also be referred to as a statement of net worth, or a statement of financial position. The …
Everything You Need To Know About Balance Sheets Read More »
In this blog, we discuss all about how hiring a Finance Director can impact your bottom line. Well, first and foremost, why do you need a Finance Director? What is the role of a Finance Director? Well, the truth is – It’s hard work running a business and then all the paperwork and finance management. …
Hire A Part-Time Finance Director: Top 5 Reasons Why You Should Hire One Read More »
In this blog, we discuss all the common Cash flow mistakes that small businesses make. No matter how great your business model is, how profitable you are or how many investors are interested in supporting your business, you can’t survive if you can’t manage your company’s cash flow. In fact, a prominent study from the financial services company U.S. …
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Tax Returns Advice For Small Businesses From self assessment tax return deadline to registration cut-off, we share the key dates to look out for when filing tax returns. Never miss tax returns deadlines again. Here are the most important dates you need to remember to avoid missing your self assessment tax returns deadlines: 31 January …
UK Tax Deadlines 2020/2021: Key Dates To Remember Read More »
Business owners and their management teams face a huge number of decision-making situations on a daily basis, so accurate management accounting is essential for providing insights and business information. Management accounting uses your ongoing business information to produce reports on subjects such as business performance, profits margins and labour utilisation. Using this valuable source of …
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Brexit impacts everybody living in the UK. However, small businesses have always faced an immediate requirement to adapt because free trade in both goods and services across the European Union (EU), as well as the free movement of employees, are set to change. An earlier Sage survey showed respondents cite as important a need to …
Small Businesses: Financial implications of Brexit Read More »
As a small business accounting company in Chester, we work with a lot of small businesses on a daily basis. Unfortunately, these are unprecedented times and nation’s small businesses are facing a lot of economic disruption due to the coronavirus (COVID-19) outbreak. Are you a small business struggling to stay afloat during the pandemic? Currently, …
What small businesses can do during the pandemic? Read More »