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.

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.

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.

By 2030 new fossil fuel cars will cease to be sold in the UK. Before then, the Treasury is incentivising business drivers to go electric by offering some key tax benefits.

If you are one of the many businesses preparing reports simply to file them away, then please stop and ask yourself, why do you need or want to prepare management accounts?