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...
Understanding Business Tax in 2026
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. Here are the six small business taxes to be aware of: Income tax Sole...
Business Budget Management
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...