Before you start your business you need to decide whether you will be a Sole Trader or a Limited Company. Or you may choose to be a Partnership rather than a Limited Company if there are two or more business owners. It can be confusing and many business owners opt for Limited Company status without really understanding what is involved. …
Businesses should have a separate bank account for their business transactions as it will make preparing their accounts so much easier. Trying to extract business income and costs from a personal account takes a lot more time and if you needed to prove any business transactions when applying for a loan, for example, they would have access to your personal spending habits too. …
Being a business owner comes with a variety of challenges. The list of jobs to do is never ending even if you do outsource some of them. There are still many things which you just know you have to do yourself. Sometimes being a business owner can feel like being on a treadmill endlessly moving from task to task without actually moving on. …
In my blog last week I wrote about the varied reasons why clients leave. This week I thought I would consider why they choose to stay with us and on reflection I think it is probably for similar reasons to those that I have for staying with the individuals and companies who support our business: …
I have been a bookkeeper for quite a few years now and it is always sad when you have to say goodbye to a client. As a bookkeeper I am trusted with confidential financial information and often become the first port of call for running through new ideas or sharing business issues. Every business owner goes through ups and downs with their business …
