Cloud Accounting Systems

cloud with gears in it

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. This month 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 every ...

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7 ways to get ahead with your 2014-2015 tax return

Man running on a path

The deadline for 2014-15 Self Assessment tax returns is not until 31 January 2016, but there are plenty of reasons to make an early start. This month I’ll give an overview of some of them, alongside tips for making the tax return process a little easier. 1. Register now Do you need to register for Self Assessment for the 2014-15 ...

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What expenses can my business claim?

man running in payroll ribbon

Whenever I first meet a start-up business, I am always asked ‘What expenses can I claim?’ The answer is, ‘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. For this month’s column I look at four types of business ...

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