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As an entrepreneur, you’re juggling countless tasks, from developing your product to securing your first customers. Amidst all the hustle, managing your finances effectively is crucial.
Households need to brace for a prolonged period of high inflation and further interest rate rises. The Governor of the Bank of England, Andrew Bailey, has warned that he will take forceful action to tackle inflation,
A further update again for those who are self-employed – the next self-employed income support grant will increase from 55% to 80% of average profits – up to £7,500, covering November 2020 to January 2021. This is a new announcement made yesterday by the Chancellor.
Good news for the self-employed – the government announced yesterday it will increase support over the coming months with a Support Scheme Grant Extension. Please read below for more information.
It is important to manage your staff’s salary expectations. Talking about money with your employees can be uncomfortable. Even when you have good news for an employee, discussing pay can be difficult.
The word innovation can conjure up images of disruptive developments such as online streaming services or companies such as Uber, but you can still be an innovation champion. Fortunately, innovation doesn’t have to happen on a grand scale to make an impact in your business.
Having a good strategy is one thing, executing it well can be a huge challenge.
Many business owners and managers are familiar with the scenario – you arrange a strategy day with your team, capture the outputs and create a strategic plan.
Office space is expensive. Do you really need to have a dedicated desk for each and every employee? Recent years have brought a lot of changes to the office environment, particularly as technology develops and the next generation of employees has come through to management.
The cost of running a business goes up every year, but when was the last time you increased your prices? Many business owners and managers worry that if they were to increase prices, they would lose customers.
Many company owners work from home, this note looks at how you may obtain tax relief on the cost of converting the spare room or building a deluxe summerhouse to serve as an office in the garden.
• A director can reclaim any expenses incurred when working from home from their company.
As you start on your own there are many things to consider. One of the important questions to really think through is whether you will operate as a self-employed sole trader or set your business up as a limited company. Below we will highlight some of the differences of each.
Firstly, what is VAT? VAT, or Value Added Tax, is levied on the sale of goods and services in the
When you first think of an accountant you think of them being very different to you and your business. Well that is not entirely true.