Directors might opt to either lend money to or borrow from their own company. This type of transaction is called a director’s loans, and they are recorded in the Director’s Loan Account.
There can be nothing more frustrating for business owners than waiting on payments from clients. Read more…
As a new business owner, you may feel you can manage your workload single-handedly.
There are many reasons for changing how a business operates which may include changing relationships between business and customers. As online trading grows exponentially, businesses are also pursuing new economic activities in virtual markets.
With the UK’s hospitality and tourism sectors continuing to evolve, the pandemic and cost-of-living crisis have played a big role.
In order to grow and succeed, you need to effectively manage your finances and monitor the health of your business.
For most small businesses, Christmas is the busiest time of the year, which has a large impact on yearly revenue.
Many UK employers are topping up pay packets of valued employees with a cost-of-living payment when they are unable to offer a pay rise.
With SMEs throughout the country struggling to grow and maximise profits, given the economic headwinds, fraud could be a major problem.
As the UK labour shortage continues, it has been reported that Prime Minister Liz Truss is to launch a review of the UK’s visa scheme.
