Small business accounting plays a vital role in achieving a successful business. It helps you keep track of assets, income, liabilities, and cash flow, which helps you make smarter business decisions and improve your business performance. Unfortunately, accounting may not be your favourite task unless...
Did you know that about 25% of people in the United Kingdom have a side hustle? Yes, you heard that right. That’s about one in four full-time employed people in the country. Moreover, the side hustle contributes to 3.6% of the UK GDP. And given the...
To outsiders, the life of an entrepreneur seems elegant. You wake up when you want, attend fancy parties, receive startup awards, do media interviews, brunch with clients, and more. But what we see from Instagram, TV shows, and movies are just the shiner aspects of...
Starting a new business is no easy task and demands a lot of effort and time. To succeed, you must perfect your product offering, choose the proper sales channels, and research your target customers. However, regardless of how good your products or services are, prospects won’t...
You’ve spent years dreaming of being your own boss. You know you have a good idea and the hard work ethic to support it. Now is as good a time as any. The UK has one of the friendliest environments for an entrepreneur. New business set-up...
The internet plays a vital role for small businesses, connecting them with their customers and helping them reach new markets. Unfortunately, the internet’s convenience also makes small businesses an easy target for cybercriminals. Yes, it’s mostly the large companies with headline-making cybersecurity incidents. Still, research shows...
Do you know why all businesses need accountants? The work of this profession is to collect, sort and study the financial information from a business, all so they can help the business owner run a better business. Large corporations often hire full-time accountants to work...
Your business name is often the first detail someone will learn about your business, and will always remain part of spreading brand awareness and your values. The name implies where you see yourself within your industry, creating a strong tone and feel that describes who...
Whether you are a consumer, or a small business owner, you are likely already familiar with the basic concept of the Value-Added Tax (VAT) that is assessed on the majority of purchases. On the consumer end of the equation, VAT is simply an additional cost that...
When launching a new business, the list of to-dos is very large, from creating a site to getting a physical location if needed to open up a banking and credit account. One of the most crucial preliminary steps is naming your company. While coming up...
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