Starting your journey as a sole trader is an exciting adventure. You get to be the boss and lead your business to success with your own vision and passion. But amidst all the excitement, there’s one crucial thing you shouldn’t forget: managing your finances responsibly. Are you curious to find the secret that can take…
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ENSURING FINANCIAL SUCCESS… When you start a new business, it’s important to handle your money wisely and avoid cash flow problems. Many businesses fail in their early stages because they don’t plan properly, set unrealistic goals, overlook costs, or struggle to get paid on time. To increase your chances of success, it’s crucial to be…
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Top tips for choosing an accountant Once you’ve decided it’s time to hire an accountant, the next step is to choose which accountant to hire. It’s important to take the time to do this carefully, and there are a few things you’ll want to consider first. You’ll need to think about things that are important…
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Cash basis is a way to work out your income and expenses for your Self Assessment tax return, if you’re a sole trader or partner. Why use cash basis If you run a small business, cash basis accounting may suit you better than traditional accounting. This is because you only need to declare money when…
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Running a business is hard work, and there’s no doubt about it. From managing employees to marketing your products or services, there are many tasks that need your attention. However, one of the most important tasks that often gets overlooked is bookkeeping. This is where a bookkeeper can add immense value to your business. In…
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What is a book-keeper? There’s a number of different taxes small businesses need to pay throughout the year, and book-keeping means you can correctly calculate how much is due. This helps you prepare for the financial year ahead and allows you to think about what your next moves are, whether that’s growing your business or…
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