Small businesses across the UK are being offered free expert advice from ICAEW Chartered Accountants as part of a new initiative.
Small businesses outraged at plans by the Payments Council to end cheque clearing from 2018 have been given a lifeline as Mark Hoban, the Financial Secretary to the Treasury, said that cheques could not be scrapped until “a suitable alternative is found”.
Since I started my company Actinic 15 years ago, I’ve sold almost exclusively to small businesses – it’s been a blessing and a curse. A blessing in the sense that no single customer is too critical. Against this is that none of these guys has much money, which means we have to be incredibly cost conscious. This experience has taught me a few tips about keeping costs down.
How successful is your business? We spoke to Emily Coltman, Chief Accountant at online accounting system providers FreeAgent to suggest five clues to look for in your accounts in order to reveal what your accounts are actually telling you, and how can they show you whether your business is successful?
Few SMEs would dispute that managing and administering payroll is one of those necessary headaches that smaller enterprises have to endure; only the big beasts – large corporations –can afford to pay for large-scale payroll outsourcing contacts, after all. But if assumptions like this are organising the affairs of the UK’s small to medium sized enterprises, they’re mistaken.
A UK personal finance survey of over a 1,000 workers with expense accounts has revealed that two out of three aren’t claiming everything owed to them, creating a black hole in personal budgets.
It was a case of seizing the moment for Alex Brown, a Business Partner at Clydesdale Bank, as he paid for his lunch at La Lanterna, the Italian restaurant near his home in Tower Bridge, London.
The new car registration has just come into force – so if you see a car with “11” as the second pair of characters on its number plate, it’s brand new, but what does that mean for small business owners? We speak to Emily Coltman, a qualified chartered accountant and Chief Accountant at FreeAgent, who gives us advice on how to best manage a car used for business.
If HMRC come knocking have you been keeping the right records? Do you know which records the law says you need to keep?
As tax reforms sweep the nation, HM Revenue and Customs (HMRC) is keen to get its house in order and is clamping down on small businesses evading or paying their taxes late.
Not filed your 2009/10 self-assessment tax return online yet? Well you’re in good company. As of 17th January 2011, over three million people who’d been issued with tax returns to fill in hadn’t filed them yet. Here is, qualified Chartered Accountant, Emily Coltman with a few answers to some of those burning questions you may have, to help you meet that Jan 31st deadline.
With just under half of UK SMEs reporting that they have been turned down for a loan in the past 12 months the question over how businesses can balance their cash-flow and indeed grow is one that continues to trouble business owners.