Accrual vs Cash Accounting: Which One Is Better For Your Business?

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The Difference Between Accrual vs Cash Accounting Explained

As of April 2024, cash accounting will become the default method for self-assessment tax returns in an effort to make the tax process easier.  However, businesses can still choose to opt out of cash accounting and opt for accrual accounting instead. No matter which option is selected, being able to stay on top of your … Read more

The Pros And Cons Of Starting A Business During A Recession

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Starting a business during a recession

Starting a business is always a risky move. Doing so during a recession can seem like a bad omen to some, but there are some benefits to jumping into a risky economic climate.  Recessions can provide opportunities that didn’t previously exist, allowing your business to succeed in places that just weren’t available before. In case … Read more

How To Survive A Recession As A Small Business

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How to survive a recession as a small business

As a business owner, the word ‘recession’ is not one that you want to hear. Sadly, it’s one of those unavoidable events you cannot control – all you need to do is work out how to survive. We’re not going to sugarcoat the truth here – it will be hard, and it will take hard work. … Read more

The Full Guide About Abridged Accounts & Examples For Your Business

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What Are Abridged Accounts?

As you’ll be more than aware as a business owner, each year, your business has to share its accounts with the Companies House. Although there’s no way to get out of this process as a limited company, there are ways to submit shorter versions of accounts to make this process easier if you’re a small … Read more

How To Overcome The Fear Of Failure When Starting A Business

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How To Overcome The Fear Of Failure When Starting A Business

The fear of failure is, unfortunately, a very common occurrence that can prevent a lot of us from taking risks, trying new things, and achieving our goals. Although it might come across as a way to protect yourself, ultimately, this fear holds you back – particularly if you’re trying to start a business. Wouldn’t it be … Read more

These Small Businesses Are Killing It On Social Media

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5 Examples of Small Businesses Killing It On Social Media

Over 3.8 billion people use social media worldwide – over 50% of the world’s population. Moreover, this number will only continue to grow as customers use social media to do everything from connecting with others to shopping and discovering news.  As a business, social media can be an incredibly useful tool to connect with your … Read more

Find Out All About Micro-Entity Accounts You Need To Know

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Micro-Entity Accounts Explained

Some small businesses can be classified as micro-entities, allowing them to file simpler accounts – discover what micro-entity accounts are and more here.

Review Websites: Should Your Small Businesses Sign Up To Them?

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Are Review Websites Worth It For Small Businesses And Which Ones Should You Join?

Online reviews are essential to businesses in the 21st century.  Just think about the last purchase you made – did you see a review before you committed? Did you check out the star ratings of a local takeaway before deciding if it was ‘safe’? We’re going to assume you did and thus already know to … Read more

Certificate Of Good Standing In The UK: What Is It And Do You Need One? 

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What Is A Certificate Of Good Standing In The UK

What is a Certificate of Good Standing in the UK? Is it maybe something your business needs? In short, this certificate confirms that you are in “good standing” with Companies House. It proves that your company:  In simple terms, this means that your business has been running smoothly since it was registered as a limited … Read more