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How to Chase Overdue Invoices

Effectively managing your cash flow is paramount during these unsteady times. But unfortunately, late payments are a long-standing issue for small businesses and employed.  In the majority of cases, clear communication is all it takes to settle an invoice. Issuing late payment letters is a critical part of the debt recovery process, especially if the situation escalates later down the line.  I know too… Continue reading How to Chase Overdue Invoices

8 Ways to Stay Organised!

Running a business is hard work. There’s no getting around that. Throw in managing your household, childcare, and general life admin – things can get overwhelming! When I’m feeling like this, you’ll find me trying not to freak out and frantically trying to tick off all of my to-do list at once! So after a… Continue reading 8 Ways to Stay Organised!

Frequently Asked VAT Registration Questions and Answers

In this blog we use the term ‘businesses’ often. But the word ‘businesses’ also covers sole traders.  Most businesses know that the threshold for compulsory VAT registration is a taxable annual turnover of £85,000. What this figure is made up of can often cause confusion on when and how a business should register for VAT.  With all the advice, it can be difficult to know… Continue reading Frequently Asked VAT Registration Questions and Answers

Accounting mistakes which could be costing you

By Emma @ YGF  Like most things, accounting is easy when you know how. But mistakes that run undetected for months, or even years, can cause your business to lose money!  Your accounts give you basic information upon which you make decisions about your business.  For example, “What are my sales?”, “How much money is in the bank?”, “How much money am… Continue reading Accounting mistakes which could be costing you

8 Common VAT Errors Made by Small Businesses & Sole Traders

By Emma @ YGF As a fully qualified AAT member, I have been working on VAT for more than 20 years. Despite my experience, like others I’m sure, there are still areas where I need to look a little deeper into the rules for some advice.     In this blog you’ll see me using the word ‘business’. This covers both companies and sole traders.… Continue reading 8 Common VAT Errors Made by Small Businesses & Sole Traders

The Virtual Assistant: the secret to keeping your small business afloat

So many of us are feeling the pressure and impact of the Coronavirus outbreak. Unfortunately, small businesses and the self employed have taken the biggest hit, such as your favourite local independent cafe. Many are working so hard to either adapt their offerings to bring in more customers, or are trying to find ways to… Continue reading The Virtual Assistant: the secret to keeping your small business afloat


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