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
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
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...