What should you consider when starting your own business?
Posted on February 22, 2023 Posted in - Blog, Business, Business Blog, News, SMEs, Start upsStarting a business can be an exciting and rewarding experience.
Starting a business can be an exciting and rewarding experience.
Having general accounting knowledge is crucial for any business owner, especially during tax season. Understanding common accounting terms is highly beneficial, as you will identify how they relate to your business and how it is performing.
Taxpayers have been warned that they could face a penalty after HM Revenue and Customs (HMRC) said 5.7 million were still to file their Self-Assessment returns.
In order to grow and succeed, you need to effectively manage your finances and monitor the health of your business.
With SMEs throughout the country struggling to grow and maximise profits, given the economic headwinds, fraud could be a major problem.
Acting as a silver lining amidst a storm of uncertainty, the crashing pound is likely to attract more US visitors to the UK, it has been suggested.
An £884 million loan scheme for new businesses is to be expanded, it has been revealed.
Late payments are costing small businesses £684 million per year, in addition to rising inflation, data has revealed.
Many UK businesses are having problems with recruitment as the number of job vacancies has soared over the last 12 months.
The current cost of living crisis in the UK has already seen the economy decline, with customers saving money and consuming less.