Smart business insights
Takeaway and transactions: accounting & bookkeeping for food trucks and small food businesses
If you know more about cappuccinos than cash flow, you’re not alone. Many small business owners find it tricky to understand accounting and bookkeeping. So much so, that keeping more money coming in, than money going out, is the number one challenge for small businesses across the board. While you may have originally started your […]
Bookkeeping made easy for mechanics and garages
Are you an independent mechanic or running a garage? The car garage industry faces unique challenges because of its position between parts manufacturers versus car owners and the need to adapt to new car technologies with each passing year. Keeping track of inventory orders and estimating labour costs can make your bookkeeping demanding and time-consuming. […]
5 future trends in the accounting profession
As the accountancy world starts to return to the “new normal”, it’s essential for firms to look towards and plan for a brighter future by understanding the future trends in the profession. Most finance and accounting professionals spent 2020/2021 helping clients weather the financial storm, overcoming internal challenges around furlough and staying up-to-date with changing […]
Dealing with isolation, anxiety and burnout when you work from home
Working from home can have many positives – no stressful commute, answering your emails in your pyjamas, conducting Zoom meetings from your sofa – and if you run your own business, it can keep your costs down. But it can be a double-edged sword, upsetting your work-life balance and leading to burnout, anxiety and loneliness. […]
Your guide to accounting in the transportation industry
Freight and haulage company owners face a number of challenges every day — and accounting is a big one. Accounting explains everything from your company’s financial history and health to overall performance. But you don’t need to be a magician with your finances to run a successful business. Often, understanding the basics of accounting will […]
How long do late payments stay on a credit report?
When you’re running a small business, you may occasionally need to pull in outside help. Most suppliers will then arrange for you to have an account and extend a line of credit to your business. This line of credit then allows you to make monthly payments. While it’s essential to make payments on time and […]
How to set up a small business with Companies House
Setting up a small business with Companies House involves disclosing key information about your new business, like its name and ownership structure. It’s important to declare this information correctly and keep it up to date as you trade in the future. We’ll walk you through the process of setting up your small business on Companies […]
What are the benefits of entrepreneurship?
Running your own business is not always easy. Fear of failure can stop people from pursuing their vision and becoming entrepreneurs. But being self-employed also comes with many benefits that make it a chance worth taking. What are the benefits of entrepreneurship? We’ve listed eight key advantages that may convince you to take the plunge, […]
How to repay a student loan when self-employed
The debt of a student loan can be a frustration of working life, and when you’re self-employed, working out your payments can mean added stress. This article will look at how to repay your student loan if you are self-employed, by covering the following points: What payment plan you are on When to start repaying […]