Category Archives: In The News

Online Bookkeeping Services – Why Should You Use Them

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Online bookkeeping service is what many companies offer now that we are in the age of the World Wide Web. Almost every service available in the physical world is available in the virtual world as well. The bookkeeping service industry is not any different. The internet has given most companies the convenience to locate services like an online bookkeeping service.

Using Freelance Bookkeepers In The U.K. Has Never Been More Practical

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As a small or medium business owner, we are always looking for the best ways to get great results while reducing cost and overhead. For this reason many such owners consider whether they should use a freelance bookkeeper in the U.K. or hire someone in-house. We will examine the considerations you will want to make when coming to this decision.

What Are The Advantages Of Outsourced Bookkeeping Services?

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Outsourcing is something that is becoming very popular in the world of business today for companies of all sizes and fields. As a matter of fact, the outsourcing of bookkeeping in the business world is something that is becoming quite a trend for a number of different reasons. Companies are now looking for competent, expert accountants that will be able to help them with all of their bookkeeping needs. Whether you are a small business or a larger one, you too will find that there can be many advantages of outsourced bookkeeping services.

Why Would You Outsource Your Payroll?

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It’s very easy for small businesses to get wrapped up in support activities and find themselves with not enough time to focus on their core business activities. Outsourcing various aspects of your business to 3rd party software providers might sound unsettling at first, but the reality is that applying innovative IT products to your business – whether they be through purchased software or software that is leased as a service – can be profoundly transformative.

Pros and Cons of Starting a Small Business

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Small businesses play a vital role in developing the economy of the respective countries in which they operate in. These businesses do not only meet the needs of the local people but also serve the requirements of large businesses e.g. for printing, typing and catering services. As the job market is day by day being overwhelmed with a load of many graduates it is becoming difficult for it to absorb them hence people are encouraged to become self-employed so as to ease the burden of unemployment.

Start-up Business Boom Being Experienced in Scotland

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Over recent years, the UK has seen a boom in start up businesses in many areas, with a rising number of people taking the plunge and starting their own ventures in the face of a difficult and challenging employment market. This has led to a sharp increase in the number of start up businesses around the UK, and the trend is now also being seen in Scotland according to recent reports.

Start up Businesses Increase Due to Youth Unemployment

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Over recent years the financial climate and fragile economy has resulted in a wave of employment issues, which includes youth unemployment as well as increased redundancies amongst those who once thought they were in a secure job. The upshot of this situation is that a rising number of people are now considering starting their own business, with some even taking the plunge and giving up on employment in order to become self employed.

There are mixed feelings about the number of people who are now working towards self employment rather than opting for a job with an employer. While some see it as a sign of the changing world of employment others feel that it is just a means of people working with reduced benefits and rewards. Specifically, the TUC states that this new trend means that more and more people are now missing out on the benefits and rewards that employers offer.

Small Business Start-Ups Booming in Liverpool

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Over recent years, the number of small start-up businesses springing up across the country has rocketed. Various government schemes and incentives coupled with increased resources and information have all helped to boost start-up businesses numbers across the UK.

According to recent reports Liverpool in particular seems to be flourishing when it comes to small business creations, with many benefits claimants said to have taken the plunge and launched their own businesses with the help of a government initiative.

Across Merseyside over two thousand former benefits claimants have taken advantage of the government initiative, which is the New Enterprise Allowance. Of these, 860 were in Liverpool, which equated to the highest figure for any local authority in the country. This has put Liverpool at the top of the leagues when it comes to small business start-ups.

Government Backed Business Tour to Encourage Growth Amongst Start-Ups

Small businesses and start ups across the UK will be receiving support and encouragement to assist their growth thanks to a government backed road show that will take place over the course of this year. The Get Growing! The Great British Business Roadshow will be heading out to close to a dozen cities over the course of this year in a bid to try and both encourage and help smaller businesses to grow.

The initiative has been backed by the Department for Business, Innovation, and Skills, and is being headed up by FreeAgent, which is a leading cloud accounting company that provides services for small businesses and sole traders in the UK. A range of other big name companies are also involved in the road show, which includes Elance and Paypal.

BBA Claims Banks Willing to Lend to Small Businesses

Over recent years, lending levels amongst banks to small businesses has waned resulting in businesses losing confidence when it comes to getting finance.

The issue has led the government to come up with schemes such as the Funding for Lending Scheme in a bid to get banks lending to small businesses again to help boost the economy.