Stuart Budd from FD Works explains why you need a viable business model before your start-up can start the scale-up process.
As any business using Xero online accounting will tell you, it’s a brilliant piece of software for getting real-time control over your finances, key numbers and reporting. But to realise the true benefit of this functionality, you’ve got to get your hands dirty and start tailoring the Chart of Accounts and accounting codes in Xero.
Starting out on a new business endeavour can be overwhelming but it doesn’t have to be that way! Partnering up with the right people can help you find your flow and move in the right direction. Starting a new business should be thrilling, even if there is an element of risk involved. Whatever questions you have, we’ve either got the answers or we know who does. Feel free to reach out - it will be the best decision you can make!
Bookkeeping is more than just data entry, it’s the blueprint for your business, and needs to be approached with that mindset. Yes, it can be time consuming and it’s certainly not the most exciting part of your business, but only when you have clear and accurate bookkeeping in place can you start to decipher the information to influence real life decisions.
VAT is something that we’re probably all aware of, but how many of us really understand the ins and outs of it? As an SME founder, understanding the relationship between VAT and your business is important to ensure you’re saving as much money as possible and fulfilling your legal obligations. You’d be forgiven for feeling overwhelmed by all the information out there around VAT, so we’ve broken down some of the top questions we get to help you out.
If running payroll causes you a headache, you’re not alone. According to the latest figures, SMEs employ 16.8 million people and all those people have to get paid somehow. To give you a little helping hand, we’ve answered some of the most commonly asked questions around payroll.
At the time of writing (and in spite of conversations in parliament this week) the UK is scheduled to leave the European Union at the end of October.
