Smart business insights
8 commonly forgotten business expenses
‘What can I claim as a business expense?’ is a common question among freelancers and small business owners. A tax-deductible business expense is a purchase that you can make for your business, that you will not pay tax on when you fill in your self-assessment. The Telegraph reported that 57% of self-employed people forget to […]
What is invoice financing and how does it work?
If you’re struggling to get customers to pay their invoices on time and you need to pay your suppliers and improve your cash flow balance, there are options to help you. Invoice financing is one of those options. It is becoming increasingly popular among small business owners because of its convenience. In this guide, you’ll […]
What is an accounts payable and receivable process?
When running a business, you sometimes need to buy or sell products or services on credit. This is where the accounts payable and accounts receivable come into play. This guide will help you understand how accounts payable and receivable work and what their different processes are. We’ll cover the following topics: What are accounts payable […]
How to control expenses in a small business
Controlling expenses is a key component of any well-run business. Knowing where your hard-earned pennies go helps you keep track of your resources and ensures you don’t waste any money. This guide will show you how to control business expenses in the following ways: Create a clear budget Explore workspace options Review your supplier deals […]
How to start a small business
Have you spotted a gap in the market? Do you think you can solve a problem or provide a better service? If you’re looking to start a small business from scratch or take your side hustle to the next level, find out how you can streamline your entrance to the world of business in this […]
How to create a marketing plan for an accounting firm
In this guide we will show you how to create a marketing plan for an accounting firm, using the following steps: Identify your audience Update your website Create content Use social media Involve your current clients Find valuable offline methods Identify your audience Marketing for accounting firms starts with research. Who is your target audience? […]
How to set up your business: Sole trader or limited company
If you’ve just started a business, you’ll likely be faced with the early decision of registering as a sole trader or as a limited company. But what’s the difference between the two, and why does it matter? In this guide, we’ll provide you with a brief overview of the key operational differences day-to-day and in […]
The ultimate guide on how to start a business from home
Beginning your business venture from the comfort of your own home is exciting. It allows you to work flexible hours, be your own boss, cut the commute and save money. It also means you take on other responsibilities such as accounting, tax, and insurance which you may not have much experience of. We are here […]
How to register a company name
As you’re looking to build a brand or reputation, choosing and registering your company’s name is key. It’s the first thing your customers see on your website, business cards or invoices. Having a well-protected and unique name can make sure you stand out early on. Registering your company’s name can be done easily and quickly […]