Running a successful business in the UK for long time is much more essential than generating revenue. To keep a stable financial status every business need to track its performance and ensure profitability. But without monitoring proper financial metrics it’s quite impossible. Here are the top financial metrics every UK business owner should monitor. Revenue... View Article
Did you know that in the early 1900s, tax deductions for businesses were not the norm? No wonder running a small UK business was even more challenging than it is today. However, things started to move in their favour when deductions for their business expenses gradually became more structured. Today, the UK government strongly emphasizes... View Article
While it is true that the UK property market is full of opportunities, it is equally true that managing your finances is as important as closing your deals. So, if you are an estate agent, property investor or landlord, you must know how to handle your finances because it can make or break your success.... View Article
Over the years, there has been a dramatic shift in the way people do their shopping and the COVID outbreak simply accelerated this trend, the trend of online shopping. As a result, more and more people are now coming up with ideas of starting an e-commerce business across the world and the United Kingdom is... View Article
The UK hospitality industry is playing a pivotal role in the nation’s economy. With hotels, restaurants, pubs, and catering services, this industry contributed £54 billion in tax receipts to the Treasury last year. Therefore every business in this sector deals with huge liquid cash, especially during the season. Therefore businesses in this industry face lots... View Article
Managing payroll tax in the UK can be a complex task for businesses. Calculating payroll tax with utmost accuracy is becoming a crucial part of an organization. Therefore, most organizations use different tools to manage it efficiently. Let’s explore the best payroll tax management tools that will help businesses streamline their payroll system. Understanding Payroll... View Article
As the year-end is approaching, UK businesses are all focusing on optimizing their tax liabilities. After all, before it is too late, they should do proper tax planning. Before the accounting year-end, they have a wonderful opportunity to do all the necessary things to strengthen the financial health of their business. So, here are the... View Article
Are you a UK business owner? Are you always looking for possibilities to increase your profitability? You can do this by improving your existing product or streamlining your business operations. To enhance your product, you need to leverage technology. What else can be better than conducting research and scientific development to achieve this goal? Yes,... View Article
While it is true that there is a lot of excitement when you are running an e-commerce business in the UK because of an easy access to innovative technology, global reach, and creative market opportunities, it also means that you have to be very careful about the accounting aspect of your business, After all, there... View Article
Managing costs and increasing efficiency are critical for retail and hospitality businesses. Therefore the UK government has introduced various relief measures to support these sectors. One of such promising measures is the introduction of business rates relief. Look at what this means for businesses, how it works, and how it can benefit the retail and... View Article
ESG (Environmental, Social, and Governance) reporting is one of the most important aspects of UK companies as both investor scrutiny and consumer awareness are increasing daily. ESG reporting is essential for all UK-based companies aiming to maintain a competitive edge, attract investors, and enhance their reputation. UK companies should consider the following aspects to create a... View Article
When someone starts a business, there are many dreams to achieve, but life throws snowballs. Eventually, taking a business loan becomes inevitable. While obtaining a business loan may appear straightforward, paying it off becomes challenging. So, know the tips and tricks for repaying your loan stress-free! Understand Your Loan Agreement The foremost tip is to... View Article
Nowadays, most small businesses opt for an online accountant to maintain their daily financial transactions and accounts. The main reason for choosing an accountant online is cost-effectiveness. SMEs can hire accountants online at a budget-friendly rate. A business owner can access their financial records at any point in time from anywhere. It helps business owners... View Article
Recently, consumers have lost their confidence in the UK’s economy because of the geopolitical escalations in the Middle East and its erratic weather conditions, severely impacting economic activities. Amidst all these negativities, there is a rising expectation among traders that the Bank of England will further reduce its interest rates in the next month to... View Article
Selling a business can be one of the most significant decisions you’ll ever make as a business owner. But, in the UK, business selling involves careful planning, expert advice, and adherence to legal and financial regulations. Here’s a comprehensive guide to help you through every step of the journey. Evaluate Financial Structure You should evaluate... View Article
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