Seven top tips for protecting your business against inflation
So, if you are a business owner, what can you do to limit the impact that inflation and rising interest rates may have on your enterprise?
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Finance
Burning the midnight oil
The first step in preparing a budget is to identify those boosters. In order to do that you need to run a SWOT analysis to identify the most promising activities or the acutest threats to mitigate. These will be the backbones of your next year’s budget.
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What is MTD for ITSA and will it affect you?
MTD or Making Tax Digital is already in place for VAT registered businesses and has been for some time now. So, what is MTD ITSA? This is Making Tax Digital for Income Tax Self-Assessment and is being rolled out from April 2024.
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Five reasons why you should invest in a Stocks & Shares ISA
ISAs, or Individual Savings Accounts, have been a feature of the personal finance world since 1999, yet I still get asked if they are ‘worth it’?
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Never assume when it comes to commercial finance
This article is a starting point to help dispel some commonly held myths relating to business lending most of which come from ‘Dave’ down the pub who knew someone who knew someone!
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11 ways business finance can help your business
Cash flow is the lifeblood of a business. If it seizes up, the business dies. But managing money within a business isn’t just critical to its survival, it’s also what oils growth and releases the latent potential a business holds.
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Squeezing out the profit!
The biggest mistake businesses make is to focus all their marketing effort and budget on getting new customers. Research has shown that it costs up to 6 times more to get a new customer than to retain or sell to an existing one.
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What mistakes are you making on your VAT return?
With the complexity of the VAT laws, it’s understandable that businesses make mistakes on their VAT returns. When VAT was first introduced in the UK way back in 1973, it was hailed as a simple tax. Turns out it isn’t quite so simple after all.
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For my business to raise finance, who do I need to know?
While an arrangement to borrow money for a business is between a client and the lender, there are numerous other individuals involved to help the process with many needed before the application is even considered.
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What is R&D tax relief and why should I care?
Research & Development (R&D) tax relief supports companies that work on innovative projects in science and technology. You can even claim on unsuccessful projects.
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Personal guarantees – be wary!
It has been a standard requirement for a majority of limited company lending that a personal guarantee from at least one director is in place to support the debt, regardless of the quality of the business and the size of the lending facility.
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Five crucial bookkeeping tips for a small business owner
The one thing that small business owners hate doing is bookkeeping and accounting. However, the one thing you need to get right to ensure your business succeeds… is bookkeeping and accounting.
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Navigating with clarity for business growth
Business owners who have the foresight to turn to seasoned professionals for advice, support, and help are the ones most likely to enjoy continuing success. And the kind of professional who can help bring some assurance to their growth is their accountant.
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The impact of Government COVID measures on business finance
The significant drop in turnover and profitability felt by many businesses during lockdown is having a significant impact on their ability to be accepted for finance.
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Why value pricing isn’t the magical solution people rave about
Why value-based pricing isn’t always the magical solution to small business wealth that everyone always talks about. When you run a small business, there are really two types of pricing strategies that you can implement.
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Struggling to pay tax – what should you do?
The January self-assessment payment deadline is not well timed… when people may be already struggling to pay their Christmas bills. However unpalatable the 31 January tax deadline is, it is not one that should be ignored.
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Inheritance tax – that seven-year rule – what it’s all about?
Have you started thinking about estate planning? Let’s hope you have. If the answer’s ‘no’, then today is as good a time as any. And there’s no better way to start than by looking at the famous ‘seven-year rule.
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How do I get my business credit worthy?
This article is designed to help a small business with ensuring their business is in the best possible position when applying for finance, whether it is a small loan for an asset or a larger loan for a property.
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What’s the best way to fund my business?
All successful businesses were start-ups at some stage and it is vital to the future of the UK economy that entrepreneurs continue to create new start-up businesses.
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The importance of planning and budgeting
It’s important to set milestones and celebrate those little victories as each one is reached, it encourages you to continue with your plan, keeps you on track.
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