In many ways, an office insurance policy does exactly what it says on the tin: It covers your office and its contents for many situations that could compromise your staff, your business, your customers and your clients. But many different things could go wrong in an office environment. So really, there’s no such thing as…
Whether you’re a self-employed freelancer or contractor, or a small business owner, understanding your cash inflow is vital to managing your business finances. In this post we’ll explain what cash inflow is, explore some inflow of cash examples, and discuss how tracking your cash inflow can help you secure your business’s long-term success. What is…
Have you ever thought about setting up your own business? For some of these home business ideas, you’ll need specialist equipment, and possibly additional training and qualifications. But for many of these businesses, all you’ll need is a laptop, a smartphone, and a lot of dedication. In this post we’ll list numerous ideas for businesses…
Invoice fraud or scams are when someone poses as your supplier or customer and sends you an invoice or bill requesting a payment. This type of cyber crime is also known as mandate fraud. A Common Scenario You get an invoice or email from one of your suppliers saying that they have changed their bank…
As a business owner, you’ve undoubtedly heard the term “company assets” thrown around in discussions about your business operations, responsibilities, and financial health. But what exactly does it mean? In this post, we’ll delve into the concept of company assets, explore the various types, and discuss why it’s crucial for businesses to be fully aware…
This blog gives you the basics on minimum pay and parental leave changes with links to where you can find more from HMRC. Don’t get caught out with changes to National Living and Minimum Wage rates! National Living and Minimum Wage rates are increasing on 1 April 2024. The National Living Wage is extended to…
One of the major benefits of being self-employed is the independence it brings. You are your own boss, and you have total freedom over how, when, and where you work. But with all this freedom comes a lot of responsibility. You need to keep your own records, manage your own finances, submit your own tax…
According to Statista, in 2023 the average cost of a data breach for UK businesses was £1,100. These were largely the result of fraudulent emails or other messages, known as phishing attacks, which are responsible for some 80% of all UK security breaches. A data breach carries much more than an immediate financial cost, though….
You have until midnight on 31 January 2024 to submit your self-assessment tax return online. This would be your return for the tax year starting on 6 April 2022 and ending on 5 April 2023. In this post we’ll discuss some of the other deadlines you need to be aware of, while addressing some other…
Professional indemnity insurance can be a vital line of defence for all business owners. Whether you’re an independent contractor, a freelancer, a sole-trader, or the managing director of a small business, you should consider getting professional indemnity insurance cover. It affords essential protection no matter what industry you work in. Specialist Industry Guides to Professional…