Every person’s dream is to grow his business and make a name for himself in the business world. Accounting is an essential aspect of any business’s success. A suitable accounting approach can help you expand your business. Accrual and cash basis accounting are the most used accounting methodologies for recording accounting activities. In this article, …
Accrual Basis vs Cash Basis Accounting: Pros and Cons Read More »
When employers provide employee benefits to their workers, they need to file a P11D form to inform HMRC about their value. This form provides details of the benefits and expenses employers provide to their directors and employees in a tax year. Read on to find out What is a P11D form? Who gets this form? …
Starting a small business is hard enough with all the challenges a startup has to face in its first few years of operation. If you add the complexity of filing taxes every year, the idea of running a new business seems terrifying. If you want to lessen the burden of filing and keeping track of …
4 Tax Tips Every Responsible Business Owner Should Know Read More »
As an owner of a small enterprise, you are required to pay several taxes according to the performance of your business on time. Therefore, there are several tax breaks available for SEMs to ease a load of tax in many ways. You Free up an amount of money for your commerce, diminished with a tax …
Calculating the worth of your business is crucial to determine its financial health and to make important decisions. Whether you’re buying, selling, expanding, or simply running a business, you need to know its value to make decisions accordingly. However, with the different methods of valuation, it becomes complex to choose the right one to know …
How to Value your Business? Methods of Valuation Read More »
Invoices are necessary for any organisation that transacts with other entities. It serves as a record of sale that verifies the payment agreement between clients and the business. Business invoices must be kept and recorded because it also serves as proof that an exchange of money and goods or services has taken place. To learn …
Understanding Invoices – Why Businesses Must Keep Copies Read More »
The government releases the Budget statement yearly to outline the local economy’s status. It also plots out where the money will be spent and forecasts how the economy could perform in the future. Last March 3, 2021, the 2021 Budget was presented by Chancellor Rishi Sunak, and it contained information that will directly impact small …
How the 2021 Budget Affects Your Small Business _ A Guide Read More »
The COVID-19 pandemic has been a process of starting over. There was a succession of lockdown orders that forced businesses to stay put or completely close down to prevent the spread of the virus. One day, they might be allowed to reopen only to have lockdown rules imposed again. Because of this, the British economy …
Few Strategies for a Strong Business Relaunch in 2021 Read More »
“Are revenue and income the same?” You might be the one asking this question if you don’t know about these terms of business or finance. You might consider them the same as in both cases you receive the money. So if you’re one of them with this confusion, we’re going to erase this misunderstanding …
What are the Differences between Revenue and Income? Read More »
Your business’s asset management is an important aspect of running your operations. It ensures you get significant returns on your investment to address particular needs. For example, you may need to spend money on a printer to make your receipts and promotional materials, meaning you must ensure any costs that go into keeping your printer …
A Basic Guide on Fixed Assets – What Businesses Need to Know Read More »
Any entrepreneur looking to manage their own business in the UK, but isn’t a resident or citizen, can still look forward to making their dream come true. Regardless of where your home country is and what passport you have, you can put up a business, given that you hold a physical address in the UK, …
A Guide to Non-UK Residents Planning to Put Up a Business Read More »
If you are a UK-based employer and want to reduce your annual National Insurance liability up to £4,000, we have got good news for you! In this blog post, we’re going to discuss how you can claim employment allowance? Who is eligible for it? And what are the latest updates by HMRC? Do …
Things you Need to know about Employment Allowance Read More »
If you’re looking forward to finding out what marketing strategies will work for 2021, you might want to revisit 2020 to figure out what worked and what didn’t. Although 2020 may not be a sound financial year for many businesses, it taught us many lessons. Its time to take a look back at all some …
Work Up Your Marketing Strategy by Knowing these Customer Truths Read More »
When you take a look at the current scenario, you clearly observe that the work home trend is here to stay for a while. So what are the best tips and tricks that help one get their Accountancy practice right in times like these. What are the list of things you must bear in your …
Top Business Recovery and Resilience Skills that Help in the Pandemic Read More »
2020 proved out to be a roller coaster ride for all the business owners. The covid-19 whipsaw was like a great recession, and one could easily observe a great recession coming their way. The dot com bubble was compressed into 12 months. This had a great lesson in itself in 2021. Predicting the future may …
Nowadays, salespeople are not the only ones responsible for closings. If you’ve observed, companies are onboarding Customer Success Managers (CSMs) that work on increasing the revenue of the customers. Sales can become one of their additional growth strategies. Cross-selling and upselling is one strategy every salesperson must include in their marketing plan. Cross-selling and upselling …
Here’s your Detailed Guide to Cross-Selling and Up-selling Read More »
Your customers have high expectations for your product/services. If your product/ service disappoints them, they’ll end up with your competitors. There are other contributing factors to such decisions too. Your customers like instant help. Trust us when we say this, it’s tough to say no to easy help. If a company has an extremely receptive …
Top Customer Interaction Tips that Actually Work Read More »
Businesses with disregarded financials have an extreme hindrance on the lookout, and regularly neglect to make maintainable progress. With that being the situation, we might want to cause the notice to three monetary components of your organization that can be effortlessly made with a touch of consideration, yet can imperil the endeavour if not oversaw …
Three Financial Elements Your Business Needs To Get Right Read More »
In these COVID times, you’re left with no other option, except operating through a virtual office. While you’re looking forward to enabling this flexibility for yourself or your employees, you need to figure out whether you need Registered Office Address London or a business address. Even if you’re a freelancer or digital nomad, you as …
Distinguish Between a Registered Office Address and a Business Address Read More »
Getting your financial goals with a financial advisor may sound strange for some of you. You may consider them a luxury. But in simple terms, these individuals help you achieve your financial goals by telling you where and how to spend your money. Getting a professional hand involved in your financial affairs is not a …
Plan Your Long-term Financial Security With Right Financial Advisor Read More »
Planning an event is a whole task and needs attention if you want it to be successful. There are a number of procedural and other norms that you need to go through before finalizing everything. This includes obtaining permissions and licenses for event-related specific things. It is normal to obtain more than one license for …
How to Apply for a License for Events and Businesses Read More »
You need to know all the figures that’ll contribute to your business planning for next year. All that research is important to help you out with the latest trends that are some way or the other making you lag behind in the competition. According to research, 50% of business owners don’t have any plan when …
Business Planning for 2021- Know What Works and What Doesn’t Read More »
How many times have you come across a company’s name which has stuck with you for a long time? That is the power of a name, it leaves an impact, and between the lines tells a story too. Many businesses have also failed because of their name. Scary, that’s how much importance a name carries. …