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Establishing your own business with the ability to control your career path, and even being your own boss is definitely a desirable prospect. All that additional freedom and flexibility may perform extremely well ( even if sometimes it’s not exactly the way you’d expect). The fact owning your own business typically requires a little more administrative work […]

Xero as well as QuickBooks Online are two of the most well-known and effective accounting software options for small-scale entrepreneurs. While both are able to aid in managing complex processes such as billing, invoicing, financial reporting as well as tax management, they are more suited to various types of businesses. In this comparison of one-to-one, we’ll […]

Are you a business owner who has seen your income/turnover rise above the £ 85,000 VAT threshold? Or Do you think that turnover will exceed £ 85,000 within these next thirty days? If you have answered yes to either of these questions, you need to be clear on the nuts and bolts of registering for […]

Bookkeeping helps you to understand the performance of your business by keeping track of the funds flowing within and out of your company. The bookkeeping process involves keeping detailed documents of your earnings as well as expenses and costs of expenses. This aids in understanding the financial performance of your company. It also gives you the […]

As a contractor, IR35 will have been on your radar for the past two years and making sure that everything you do is IR35 compliant is high on your priorities. If you are self-employed, it is important to know where you stand with IR35. In short, IR35 is the name given to the rules surrounding […]

Millions of workers in the UK will get a pay rise this week when a change to National Insurance (NI) kicks in. From today (6 July). The National Insurance threshold has increased to match the income tax personal allowance, rising from £9,880 to £12,570. The majority of workers however are unlikely to see the rise […]

Bookkeeping is one of the administrative priorities for any self-employed individual. Maintaining accurate records of your income and business expenses is essential as it helps you understand your finances and track progress against any targets or cash needs you may have. Bookkeeping also helps you to provide your accountant with the information they require to finalise and submit […]

With the aid of an accountant you can save your business valuable money and time in the long run. Such savings come from the reduced level of risk of human error and the avoidance of late filing penalties from HM Revenue and Customs due to missed tax deadlines. You do not need the hassle of […]

Apart from the excitement of creating a new product or service, startup entrepreneurs also have the opportunity to design and build a new business culture from the ground up. A viable approach to diversity, equity and Inclusivity (DEI) for a startup firm is more than simply scaling down the procedures used by larger organisations. It […]

It’s been a tough time for small businesses over the past couple of years. In fact, it’s been a tough time for most people. However, no business, big or small, was able to escape the impact of the Covid-19 pandemic. Now, regulators have warned that the energy price cap will rise further in October to […]