Articles in the finance Category
Does your Year End threaten the sustainability of your business? Choosing the wrong Year End could mean disaster.
Whether trading as a sole trader, a partnership or a limited company, every business needs to have a period up to which it makes its accounts and other returns.
You may think that, as with your personal tax self-assessment returns, the Year End for your business must be April 5th. However, according to Carol Cheesman of Cheesmans Accountants this is not so.
There are some quite complex rules about the period of accounts that are …
You need a new van for your small business. It’s probably one of the biggest investments you’ll make in your company, but should you buy it outright or lease it? Each method has its own upsides, yet sometimes identifying these amid all the noise of the marketplace can be tough.
Let’s look at the differences.
Buying a van
Buying a car after learning to drive is an open and shut case – you have a car to call your own. Buying a van for your business means that, yes, the van is yours, …
If you are looking for a self employed mortgage there are some ways that you can help to ensure your search is as straight forward and as easy as possible. Finding a lender who understands the needs of those looking for a self employed mortgage can be tricky, however there are lenders that can help and offer a range of mortgages for the self employed. This means that some lenders can offer self employed mortgages for those just starting out on their own or in partnership and those with a …
A new survey commissioned by the national charity Turn2us has found that, despite a recovering economy, 79% of low income families have seen no sign of their financial situation improving in the last year.
The survey, released to coincide with Turn2us’ annual Benefits Awareness Month, found that in the last year, over four-fifths (81%) of parents on low incomes have struggled to pay for food and other essentials. Almost half (49%) say that their outgoings now exceed their earnings, with nearly a third (32%) seeing increased levels of debt.
Nearly half (47%) …
We all have dreams, vague or specific plans, hopes for the future, but are you putting steps in place to reach your goals. Whether it is simply to have fun with grandchildren during your retirement, whether you want to travel the world next year, AXA has created an infographic that outlines the nations plans. Importantly, once you have your dreams, it highlights different ways to reach them and prepare for the future you want.
What are your dreams? Have you taken steps to reach them?
This post is in association with AXA
Funding. Sooner or later, every business needs an injection of cash. Whether it’s for launching a start-up, investing in new technology, or financing an expansion, sourcing fresh funds can be crucial. That funding may take a variety of forms—loan; investment; grant—but regardless of the route taken, funder confidence is vital.
So, how do you promote confidence? Carol Cheesman of Cheesmans Accountants advises business to be like a Boy Scout; be prepared.
Here is Carols’ advice for business preparing to seek finance:
First, you need a Business Plan.
Do it yourself – don’t delegate. It …
By Dominic Kitchin, The Science of Buying
How do you measure customer loyalty? Traditionally this has been very difficult. However that doesn’t mean it isn’t important. Understanding how loyal your customers are can help you focus your sales and marketing effort in the right places.
Many large firms use the Net Promoter Score (NPS) created by Fred Reichheld. NPS is a metric that allows organisations to measure customer loyalty. It’s also useful metric for small and micro businesses.
Loyalty is influenced by emotion. So, in order to measure loyalty, we need to gauge …
With the impending Self Assessment tax return deadline approaching, Heather Dore, Regional Manager of Easy Accountancy answers some crucial and commonly asked tax return questions from her clients who are self-employed or higher income parents.
My partner and I have two children and we both work full-time earning over £50,000 a year. We receive child benefit and so I understand that we need to complete a tax return. As we are both earning over the threshold do we both need to complete a tax return?
As of last year parents that earn …
Do you earn extra money alongside your regular job? Did you know that this income is most likely a taxable income, and should be declared on a Self Assessment Tax Return?
What counts as a second income?
A second income could come from:
consultancy fees, eg for providing training
organising parties and events
providing services like taxi driving, hairdressing or fitness training
making and selling craft items
buying and selling goods, eg at market stalls or car boot sales
It is quite common for people to believe that they have a ‘hobby’, when in actual fact they are …
Business woman and Financial Planner, Rebecca Robertson, has launched a national female financial advisor firm for the everyday women.
With financial adviser roles being dominated by men, the company’s goal is to create more opportunity for women by creating a franchise, through which women can set up their own advisory business with full support and training, and in turn provide female clients and their family’s advice on their finances.
In September the firm ran their first training course with three new advisers, growing the team to 6. Nadine Monks from Medway is …