With the new tax year fast approaching, many businesses are beginning to prepare for the changes introduced by Making Tax Digital (MTD). From April, sole traders…
With the Self Assessment deadline of 31 January just around the corner, HMRC is alerting taxpayers to a rise in scams targeting individuals at this time of year.…
For many sole traders and small business owners, reviewing their accounting system only happens when something forces the issue. For instance, many sole traders are…
If you’re looking to grow your business, you might consider expanding your service offerings. Adding additional services is a good way to increase your profitability, diversify your income and expand…
When you’re busy running and growing your business, it’s generally not a priority to think about who will take over when you can’t or don’t want to be so involved.…
Q. I am finding it tough. Sales are slowing but I can’t figure out exactly why. No-one seems to be unhappy with what we do, and no competitor has entered…
In our digital age, cybersecurity is a crucial aspect of running any business. Cybersecurity breaches could lead to not only data theft but also reputational and financial loss. Hence, it’s…
As a small business owner, you know that managing your finances is crucial to the success of your business. But with so many accounting principles and practices out there, it…
We now look at eight characteristics important to successful businesses. International researchers who have studied many small businesses have found that these characteristics consistently play a part in the success…