Risk assessment is a crucial practice for any organisation aiming to safeguard its assets, people, and reputation. By systematically identifying and evaluating potential risks, businesses can implement measures to mitigate them, ensuring operational continuity and resilience. Whether you’re a seasoned…
As a small business owner, managing cash flow is crucial to maintaining your operations and fostering growth. One of the most significant challenges you may face is dealing with late payments from clients or customers. Late payments can disrupt your…
Retirement planning is a critical aspect of financial management that requires careful consideration and strategic decision-making. Whether you're just starting your career or approaching retirement age, setting clear goals and creating a roadmap for your future can help ensure a…
In the fast-paced world of entrepreneurship, managing finances effectively is crucial for the success and sustainability of small businesses. However, navigating the complexities of accounting can be daunting, especially for those without a background in finance. In this blog post,…
You’ll often hear that it’s best practice to keep an emergency fund for your business. Emergency funds are great to help weather your business through so unexpected losses like clients leaving or, I don’t know, a worldwide pandemic perhaps? Sounds…
Do you use LinkedIn as a marketing tool? If not, it’s definitely worth considering! LinkedIn can be a great place to highlight your professional portfolio, experience, and expertise. Making relevant connections is a great place to start to identify potential…
Running a business involves wearing many hats, and one of the most crucial roles is handling administrative tasks. Whether you're a solopreneur or managing a team, efficient administration is vital for the smooth operation and growth of your venture. From…
In his Spring Budget statement on March 6, 2024, Chancellor Jeremy Hunt outlined significant changes in personal taxation and provided insights into upcoming tax administration measures. Here's a breakdown of the key highlights: Personal Tax Changes: Major personal tax changes…
In an era where the gig economy is thriving and side hustles have become a common means of supplementing income, understanding the tax implications of your additional earnings is paramount. As of 2024, the UK has introduced new tax laws…
Now that this year’s tax return is done, let’s think about next year! As the saying goes, "Success is where preparation and opportunity meet." This couldn't be truer when it comes to managing your finances, particularly in the realm of…