Employers can now provide trivial benefits such as small gifts and entertainment without having to include these within PAYE settlement agreements or disclose on P11D forms.
When you're dreaming about your exciting new business venture, the chances are that financial functions such as forecasting, reporting and submitting tax returns aren't at the forefront of your fantasies.
Being a successful entrepreneur requires more than just having a great idea. There are certain qualities and skills that all successful entrepreneurs share.
Customer engagement metrics are key to understanding whether your customers are happy and loyal or at risk of churn. Tracking the right customer engagement metrics enables you to identify issues early and take corrective action to improve the customer experience.
As a small business owner, you will eventually want to scale up.
Scaling your business means growing it to a point where it can support more customers or clients, more employees, and ultimately make revenue.
A lot of small business owners don't think they need a financial consultant/advisor. They think that since they are just starting out, or their company is still relatively small, that they can manage their own finances without any help. However, this is not always the case. Let's take a look at some of the reasons why small businesses need financial consultants/advisors, so that you can decide whether or not you should invest in one.
The words "negative cash flow" certainly don't sound like much of a cause for celebration and truthfully, they often aren't. However, negative cash flow isn't always a cause for concern, either, and even when it is, there are steps you can take to rectify the situation.
Scaling up a business is exciting, but it's certainly not easy. It requires careful planning, strategizing and preparation. In this article, we'll go over some of the key differences between scaling and growth, how you can know when it's time to scale up and what steps you should take to prepare your business for maximum success.
Our decisions are always informed by past experiences, even if only to a small extent. Understanding the relationship between your background and future choices can prove very beneficial.