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…
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…
Yoga and Pilates Instructors are wellbeing professionals. You want to maintain the highest professional standards so that your students keep coming back. Your customers can have different levels of fitness and ability when they start and may develop at different rates. Your skill at helping them achieve their goals safely is the reason they come….
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…
What Is a Life Coach? A life coach basically supports people to be the best they can. Through lots of advice and plenty of encouragement, life coaches help their clients make key decisions about their personal or professional lives. Can Anyone Become a Life Coach? Please note – life coaching is an unregulated industry. On…
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…
If you offer management consultancy services, you’ll face numerous professional risks in your line of work. This could result in your clients making a claim against you. The right insurance can cover you for most claims, ensuring that you or your business will be able to bounce back from nearly anything. In this post we’ll…
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…