What To Do If Your Cash Flow Has Dried Up?

It’s all too easy to think that if your business is bringing in sales, it must also be earning cash. Sadly this is often not the case. There are bills and taxes to pay, and you may find your customers don’t always pay you when they should – and this can easily lead to your […]

Here’s What To Do If Your Outgoings Exceed Your Incomings

It’s very easy, when you’re running a business, to fall into the trap of spending more than you’re earning. The little costs, like software packages, trips to visit clients or attend networking events, small gifts for your customers, as well as the overheads of running your business such as internet connection and heating for your […]

Do You Make These 5 Common Mistakes When Claiming Business Expenses?

Is it a nightmare trying to work out all of your business expenses? And do you even know what you can – and can’t – claim tax relief on when you’re preparing your business accounts? In this article, I’ll reveal the five most common mistakes that self-employed people make when claiming expenses. Are you making […]

Slick Record Keeping Tips For Micro Business Owners

How’s your record keeping? When you’re running your own business, even if your business is very small, it’s important to make sure you keep your records and accounting system in order.  Not only does this help you to pay the right amount of tax at the right time, you’ll also have valuable, real-time information about […]

Things To Remember When Paying Tax As A Sole Trader

As a sole trader, your tax affairs are a lot simpler than if you were running your business through a limited company – but you still need to make sure you file your forms, and pay the right amounts of tax, at the right times. Here are four top tips to help you pay tax […]