Hiring Vs. Outsourcing We all remember the news that broke on 29th January 2020, when the first two people in the UK tested positive with COVID-19. We could never have predicted the impact the pandemic has had on the economy. Whilst many businesses have faltered as a result of national and local lockdowns, and the constant financial demand to pivot their business strategies; many have been able… Continue reading Should I Hire or Outsource? A Small Business Owner’s Guide
Whether you’re at a point where you’re re-evaluating your current bookkeeping situation, or you’re newly set up and need to find one, you need to know what to look for. Knowing the characteristics to look for in a bookkeeper will mean you attain a strong and quality partnership on your next hire. In this blog… Continue reading Great Bookkeeping, and How to Recognise It
Hubdoc is a dynamic tool integrated into your Xero subscription. It captures data and creates the necessary transactions in Xero, all with the click of a button. Why should you use Hubdoc? Hubdoc allows you to capture your purchase invoices & receipts in Xero, taking away the amount of time you'd usually spend manually entering… Continue reading Why Hubdoc is your best asset as a Xero user!
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
Every Monday is a new opportunity to start again. No, I haven't always been such an optimist. But building my own business has seen me overcome hurdles, and its this repetitive learning which leads to good habits. In my last post I talked about ways to stay organised, and today I want to highlight the… Continue reading How to Set Yourself Up For Success
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!
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
I know what you’re thinking. “An email signature? Really?” Yes! A lot of messaging by businesses is done via social media nowadays, but emails have long been (and will remain) a crucial way to communicate between businesses and clientele. Having an email signature is an opportunity to promote your business further. How does this work… Continue reading Email Signatures – Why are they important?
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
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