Effectively managing your expenses is crucial for sustaining growth and maintaining the profitability of your business, while also helping you achieve a smoother journey along the way. Whether you’re a start-up or an established business, maintaining control over your finances can be the difference between success and failure. Here are eight strategies to help you … Read more
Tax planning is a strategic approach to managing your business’s financial affairs, with the aim of legally minimising your tax liability. In other words, you plan ahead to make sure you pay the taxes you should be paying, but not a penny more. Working with your tax adviser, you can look for deductions, credits, exemptions … Read more
Starting a business can be a challenging experience, especially when it comes to managing your numbers and staying on top of your financial management. Unless you’ve got some experience in finance, the bookkeeping and accounting requirements can be quite daunting. And even with today’s helpful accounting platforms and apps, there’s always the possibility of making … Read more
Exiting your business is a big commitment. You’re leaving behind everything you’ve built up, so it’s vital that you have a plan of action and a clear route to your end goal. This means sitting down with your advisers to create a long-term exit strategy, with a plan that’s aligned to your key goals, aims … Read more
We’re well into the final quarter of the year, with 2023 just a few months around the corner. But are you ready for the year-end? And have you done your homework when it comes to planning your business journey for 2023 and beyond? Let’s take a look at the key ways to tie up your … Read more
Rising global energy prices are a worry for all business owners. When the cost of your predicted annual bill doubles overnight, that’s likely to stretch your cashflow extremely thin. So, what can you do to overcome the problem of soaring electricity and gas prices? We’ve outlined five simple ways to reduce your energy bills. Simple … Read more
Finding the deposit for your first house can be a struggle, and many millennials and Gen Z zoomers are turning to “The Bank of Mum and Dad” (BOMAD) as their funding route of choice. According to recent research by the estate agent Savills, BOMAD lending supported 49% of first-time UK buyer purchases in 2021. The … Read more
Are you recording, measuring and analysing enough of the data being generated by your business? With so many apps and digital solutions now available to businesses, there’s a wealth of useful data to trawl through – and plenty of hidden insights for you to benefit from. Here are 5 ways to get more insights from … Read more
One of the key reasons you trade through a limited company is to reduce your liability as a director. And one key benefit of getting incorporated as a company is that you – as a company director – are not generally liable for any amounts owed by the company. But did you know that, under … Read more
How much thought have you put into planning out your retirement years? Your employees will automatically be enrolled into a workplace pension scheme. But for directors, partners and sole traders, there’s no mandatory requirement for you to set up your own pension scheme. When it comes to planning your pension, the buck stops with you. … Read more