Good quality, clean accounting data is the most important data in your business.  What you put into your accounting system will determine what comes out of your accounting system.  And if you put crap in, you’ll get crap out.  By getting ‘crap’ out, we mean the...

When it comes to running your own limited company, it can be a bit of a minefield finding the right people to support you with the right things, and to give you the best for the here and now, as well as the future. You’re an expert at what you do, so you want your...

It’s no secret that times have been tough for small businesses in recent years.  Between pandemics, the cost-of-living crisis and the tough UK economy, it may have felt anything from tough to downright miserable. A report released in 2023, titled The Economy 2030...

It’s still expected that the UK will escape a recession. The UK economy did grow by 0.2% in the quarter to June 2023, according to the Office of National Statistics (ONS).  This was up from 0.1% in the previous quarter.  Monthly June actually grew by 0.5% compared to...

There are a lot of factors to consider when you start your own business.  One of the biggest factors to consider is what structure should you use when setting up your business.  It’s a question we get asked a lot by start-up businesses – should I operate as a limited...

There are three steps to improving the cash and profit positions in your business. They are…

Finances can make or break any business, which is why it’s so important to have a quality outsourced partner in your accountant. How do you know you when you’ve struck gold with your accountant though? Well, if you’ve experienced any of the following you probably...

Your accounting information can support your business’s growth in a dramatic way. You have to be using it in the right way! The first step to using your accounting information in the right way is to understand the difference between Management and Financial Accounts....

It is, unfortunately, a fact of business that not all make it. The Office of National Statistics in March 2020 (pre-pandemic) reported that 80% of businesses don’t make it to their 2nd year of trade.  Of those that do, only circa 40% are still operational 5 years...