Budgeting and Accounting

Budgeting and Accounting

Keeping records of your budget The two most important elements of budget management are: Separating your personal budget from your business budget. Keeping your personal and business finances separate can make recordkeeping easier and may help protect your personal...
UK Finance SME support

UK Finance SME support

UK Finance SME support plays a crucial role in helping small and medium-sized enterprises (SMEs) thrive in the UK economy. SMEs make up 99.9% of UK firms and are vital to innovation, employment, and growth. UK Finance works with its members including banks and...
Business tax

Business tax

Taxes are part of business and life and it can be difficult to know exactly which ones apply to you or your business, and which types of tax you’ll actually have to pay to HMRC. What is business tax? Here are the five small business taxes to be aware of. Income tax...
Top 10 tips for credit control

Top 10 tips for credit control

1. Agree clear payment terms Make your payment terms clear to your client – this should be in writing, ideally in the form of a contract. 2. Keep payment terms short The payment term that you set should be as short as possible but be realistic. When do you need the...
Types of Finance and Funding

Types of Finance and Funding

What should you consider when your business is up and running? Make sure you closely manage your cash, and your profit and loss. Cash flow is the net amount of money moving in and out of the business. Check that you are making enough money to reinvest in the business...
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