Category: Finance

Keeping an up-to-date record of your financial activities is an essential part of running a business. Web-based accounting systems can offer useful features for small business owners – and more and more are choosing to take their accounting online.

If you are the owner of a business, that’s not publicly listed, you’ll want to draw money from your company for your own use.

In his latest column, John Ritchie, Chief Executive Officer at Ellipse explains why he believes that more auto-enrolment is just over the horizon and encourages business owners to think about how auto-enrolment for sick pay provision might affect their business and their employees.

According to a new study conducted by the UK’s largest Angel Network, as many as half of UK start-up businesses have tried and subsequently failed to secure substantial financial investment from a traditional source, such as bank loans or by selling shares.

Everyone has to deal with the taxman at some point; and for many people that’s the most frightening part of setting up and running a business – because they’re worried about paying the wrong amount of tax, or filling in a form incorrectly.

Seven years ago heralded the new dawn of pension simplification bringing an end to the complexities involved in pension funding but this year has seen a massive reform of pensions, announced by the government, which will change the way many people fund their retirement.

If you want more aggressive growth and your business has a mid to high potential, it may be time to knock on a business angels door.

It has been revealed that, while traditional forms of investment focus on the financial offering, two thirds of small business owners are actually seeking business expertise as much as money.

When you work from home and you run your business through a limited company the good news is that you’re allowed to claim some of the home expenses you accumulate.

The UK economy is registering growth levels higher than before the financial crisis. This has been reflected in sterling performance, which, although fluctuating, has been strong on the whole.

SMEs should take note, the Pensions Regulator has increased the amount it will spend on auto enrolment enforcement in 2014 /15. This means if your business doesn’t comply the chances of the Pensions Regulator taking action against you has just increased considerably.

As Barclays celebrates five years of contactless payments on debit cards, latest figures show that we are heading into a contactless world, with Brits now choosing to use contactless three times more than they did in 2012.

If your business has been suffering with cash flow problems and is struggling with debt then it is important to know that any creditor with a debt over £750 can issue a winding up petition and you could be facing a winding up order.