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Running a small business means juggling many tasks at once. One of the most overlooked yet vital parts is keeping your finances in order. Good financial management helps your business grow and stay safe from legal trouble. But let’s face it. Bookkeeping isn’t always fun or easy. For many small business owners, it can be […]
Imagine Sarah, a young shop assistant, struggling to pay her rent and bills. Or picture Mr. Patel, a cafe owner, worrying about rising costs. For many workers and business owners, the National Minimum Wage (NMW) and the National Living Wage (NLW) are really important. The minimum wage is going up soon! This article will look […]
Working from home as a self-employed individual in the UK comes with various expenses that can be claimed to reduce taxable income. Understanding what you can and cannot claim is essential for maximising deductions while staying compliant with HMRC regulations. 1. What Expenses Can You Claim? Self-employed individuals can claim two types of expenses: direct […]
To reduce late payments and improve cash flow, I take a proactive and structured approach, which includes the following steps: 1. Establish Clear Credit Terms Upfront 2. Invoice Promptly & Accurately 3. Send Payment Reminders 4. Offer Flexible Payment Options 5. Enforce Late Payment Policies 6. Build Strong Customer Relationships 7. Escalate When Necessary Implementing […]
Ditch the Commute, Embrace the Books For years, traditional bookkeeping roles meant long commutes and rigid hours. Imagine spending hours stuck in traffic, only to sit at a desk while balancing endless spreadsheets. Then came the opportunity for remote work, a delightful change that sparked a love for bookkeeping. The thought of managing finances from […]
Bookkeeping is the backbone of a successful business, no matter the size or industry. Keeping your financial records accurate and up-to-date ensures that you can make informed decisions, maintain compliance, and avoid unnecessary stress during tax season. While the world of bookkeeping might seem daunting, developing a few essential habits can make a significant difference. […]
