Accurate and up-to-date finance reports helps you monitor the health of your business, and spot any areas which might need attention. Use our free resources to learn more about financial reporting for your business. Keep an eye on your Profit & Loss, track payables to avoid unwanted surprises, and gain useful insight maximise efficiency.
No matter what type of business you run, managing your cashflow is just one of those jobs that should never be overlooked. Even when it feels like money is simply pouring into your business, it’s important to make sure it isn’t going out just as fast, so that you’ll still have money in place to…
Pension planning isn’t always top of most self-employed people’s priorities, but we can all benefit from making some extra provision for our later years. Often, self-employed people will say that their business is their pension but that doesn’t always work out. Imagine if you invested in a Blockbuster franchise in the 1990s; you’ll be a…
Nobody enjoys seeing deductions come out of their hard-earned cash, but paying National Insurance is one of the necessary evils of self-employment. The amount that you pay towards NI depends on how much you earn, and even how you earn it, such as through an employer or as someone who works for themselves. Why do…
No matter how passionate you are about your business and its customers, the fact of the matter is that making money is always going to be high on your list of priorities. For some, right at the top. That’s why creating a solid business plan is so critical, and why we’re always going on about…
In business the terms “costs” and “expenses” are commonly used interchangeably and, whilst this is fine in everyday conversation, it’s good practice to define the difference when we’re talking about a business situation. The reason for this is that costs and expenses are recorded differently in a business’s accounts and, in some cases, have different…
