A crash course in cash flow management for micro businesses

Sifting through the assortment of failed micro businesses, time and time again you’ll see that poor cash flow sowed the seeds of failure. If mismanaged, poor cash flow can cripple a business. If you want to come out of tax year 2013/14 in a better financial state than you came into it then, you’re going […]

Five ways to get keep your finances on track in tax year 2013/14

As you’ve probably recognised, tax year 2013/14 could turn out pretty tumultuous. As such, you’re going to need to be on top of your financial game this year. Being lax with tax and forgetful with your finances just won’t do. Mess up, and you could face a multitude of fines or even worse, end up […]

Pension Auto-Enrolment: the good, the bad and the ugly

This article is aimed at micro businesses with employees, outlining how to comply with pension-auto enrolment. If you’re a freelancer you may still be affected, your legal structure amongst other things impacting upon whether you’ll need to comply. It’s quite complex so contact the pensions regulator to clarify. The Office for National Statistics has projected […]

What did the 13/14 budget mean for micro businesses?

Just under two weeks ago, George Osborne arose in the Commons to deliver his fourth budget, designed to build an ‘aspiration nation’ and help those ‘who want to get on’. As such, this year’s budget carried some good news for the UK’s micro businesses, Osborne appearing eager to ease up some of strains facing SMEs. […]

How Can You Comply With RTI?

Amongst the mass of changes I went through yesterday, you may remember me mentioning RTI. Ushered in on April 6th, it’s set to shake up payroll, altering the way many micro businesses do their bookkeeping. So much so in fact, I thought I’d best devote an article to it. Opinions of it are polarised, HMRC […]

How to expand your micro business and keep your sanity intact

Running a business is hard work, whatever size you’re at. Even more so if you’re a burgeoning one, eyeing or going through expansion. Speak to many an entrepreneur and they’ll likely tell you that in the growth stage you’ll be working in some shape or form 24/7.  They’ve got a point. As that god awful […]

Three Inspirational Micro Business Expansion Tales

It can be hard to be positive about business in the current climate. Read a paper, turn on your TV or tune in your DAB, and you’ll likely be greeted with a mass of doom and gloom, especially where business is concerned. It can all be a bit bleak. As these three start up success […]

Seven Tips For Managing Expansion Successfully

So you’ve formulated a business plan, chosen your company structure and raised the cash needed to fuel your micro businesses growth. Expansion is in sight. All that was tough enough but it’s just about to get trickier…now you’ve got to actually manage the process. In many ways it’s a balancing act. Should you be overzealous, […]

How To Choose The Right Business Structure For Your Micro Business Expansion

Expansion can prove a considerable burden on your finances, a litany of funds often needed to fuel growth and ensure that your business is capable of coping with new capital outlays. Regardless of whether you’re bootstrapping, or whether you’re actively seeking external investment, the structure of your business will have an impact upon the amount […]

How To Construct A Business Plan To Achieve Your New Year Expansion Plans

First off, Happy New Year and congratulations for surviving all those armageddon based predictions. Can’t believe I bought into that nonsense. I’m not sure about you, but with my renewed lease of life and a fresh new year, I’m filled with renewed optimism and hope that the perpetual credit crisis will begin to alleviate. Moreover, […]