You’re a sole trader running a small business. You’re feeling comfortable with the whole annual self-assessment tax process and you’ve mastered Excel spread-sheets. But, brace yourself. The government has planned a big digital overhaul of the tax system with a raft of new tax changes coming your way. The rationale behind the “Making Tax Digital” plan is HMRC’s […]
7 tips to help improve your small business finances
Now that your small business accounts and tax (for the previous tax year) are done and dusted, consider taking some time to reflect on your business’s performance over the year. What went well? What didn’t work out? What could you do to improve over the next twelve months? Here are my 7 tips to help improve […]
Pricing your product or service – 3 common pitfalls to avoid
Pricing your product or service can be so tricky. There’s your goal – to build a profitable, sustainable business. At the same time you’re working at making yourself both affordable and accessible to customers who value your product or service. But, at times, do you wonder whether you’ve got it right? If your price is too […]
Spring clean your small business accounting systems in 5 easy steps
With spring round the corner, this time of year often brings with it, a sense of renewed energy and intentions of improvement. There’s really no better time to devote to a spot of spring cleaning – not the ’empty out the garage’ type but the de-cluttering and re-organising of your small business bookkeeping systems. Here are my […]
3 New Year’s Resolutions for your Micro Business
Often the Christmas and New Year period is when many small business owners have more time on their hands to reflect on the year gone by and to start thinking about the year ahead. For those of you who are mulling over financial goals for the forthcoming year, I have come up with three key areas […]