When you are starting your self-employed journey, there are so many things you must consider. Perhaps you aren’t used to keeping records of things: you have to formalise your invoices, keep track of how many you send out, as well as the dreaded business expenses. But what is a business expense? A business expense is…
Covid-19 threw a spanner in the works for business owners across every industry and sector. Whether it was delivery companies, care homes and supermarkets becoming swamped with pressure and stock shortages, or manufacturing companies, designers, and pubs losing all of their businesses, lockdown will have a difficult and potentially long-lasting impact on the economy. The…
One of the many lessons to come out of the COVID-19 lockdown has been how easy and beneficial it is for some businesses to run remotely. Workers have benefitted from the greater flexibility working from home brings: No fighting others for a seat on the train in rush hour, no awkward coffee machine interactions, no…
What is online accountancy? With a lot of modern-day services and goods moving online, we have found a growing trend for online accountancy. This is a type of software used by increasing numbers of people to expedite their accounting processes and save money. While it can be tempting to take advantage of these seemingly good…
As a result of covid-19, we have all seen changes in people’s spending habits. Generally, belts are being tightened, and with non-essential business having been shut, the usual economic flow has been interrupted. If you are self-employed, you are likely to have stopped operating for the safety of yourself and your clients, and even if…
Going into a business partnership is not a decision which should be taken lightly. Starting any business will involve investing large amounts of your money. If you do decide to get a business partner, it can either make your business a roaring success, or drag it down. When selecting your partner, there are a number…
Many people who are starting up a business are often confused when it comes to the difference between a bookkeeper and an accountant…and hopefully this blog will answer your questions. What does a bookkeeper do? The primary role of a bookkeeper is to process financial transactions and to help by paying bills as well as…
With the current pandemic, many of us are having to work from home. For some, this is normal, but for many of us, it’s very new and somewhat scary. You may not know how to manage your time, how to run your business, or what you could be doing to help you in the long-run….
With the pandemic continuing on a global scale, many businesses are asking for employment law advice. As always, employee safety is of paramount importance, and this should be your number one priority. However, due to the crisis, new laws have been implemented, and a lot of employees don’t quite know where they stand and what…
The Coronavirus Business Interruption Loan Scheme (CBILS) is now up and running and ready for applications. If you have been wondering how to go about it, then this blog is for you. If you have a small business in the UK that has been affected by the COVID-19 outbreak, this scheme is for you. Am…