Cloud Accounting Systems

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Many small businesses are moving their financial systems into ‘the cloud’. This means financial data is stored and accessed online, on systems such as Xero. There’s plenty of advantages when compared to traditional desktop software such as Sage – here’s a brief overview of the main benefits: Automatic back-ups & software updates The software and data is online, so there’s ...

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Small business focus: Credit control

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Staying on top of credit control is key to help manage your business’s cashflow. It also gives you peace of mind. However, it can be incredibly time consuming. In this article I take a look at 6 ways to improve your processes and help you stay on top of outstanding client debts. 1. Change your payment terms Don’t automatically give ...

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7 ways to get ahead with your Self-Assessment tax return

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The deadline for Self Assessment tax returns is not until 31 January, but there are plenty of reasons to make an early start. In this article I’ll give an overview of some of them, alongside tips for making the tax return process a little easier. 1. Register now Common reasons for needing to register include becoming self-employed or starting renting ...

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What expenses can my business claim?

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Whenever I first meet a start-up business, I am always asked ‘What expenses can I claim?’ The answer is always ‘It depends’! Allowable expenses vary between business sectors and whether you are a sole trader, partnership or a limited company – unfortunately, there is no one size fits all solution. In this article I look at four types of business ...

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