Blog

Ipswich – The Best Place to Start a Business?

ipswich train station

It may be a surprising choice, but Ipswich has recently been named the best place to start a new business in the UK. The results come from a survey conducted in September 2017 by business-support group Informi, taking the latest available information from the 63 largest towns and cities in the country

Read more ›

How to Safeguard Your Finances if You’re Self-Employed

Although being self-employed brings many benefits, there are potential downsides also. Not only can work dry up and cut off your only source of income, but there are further worries over retirement, tax and insurance – aspects many full-time workers take for granted. If you’re one of the UK’s 4.5 million self-employed workers and worried about how to safeguard your finances, here are a few things to consider. Read more ›

Financial Considerations For Business Start Ups

The opportunity to become your own boss is a draw that appeals to millions of people in the UK. Entrepreneurship is encouraged and anyone can set up their own business either as a sole-trader or limited company. Read more ›

How Accountants Can Protect Themselves from Cybercrime

How accountants can protect themselves from cybercrime

Accountancy firms are an attractive target for cyber criminals and should stay extra vigilant against online attacks.

In a digital world, it’s likely your data will be stored on a PC or via a cloud-based account. However, this makes it more vulnerable to criminals who’re using increasingly sophisticated ways of obtaining private information. Read more ›

Pension Options for the Self-Employed

Pensioners on bench in woods

The self-employed must consider their pension options with more urgency than those in full-time employment. Without the privilege of being automatically enrolled into a workplace pension scheme, saving for retirement can be tricky. Read more ›

What to Look for in Your Business’s Accountant

numbers-money-calculating-calculation

Hiring an accountant is a crucial decision to get right, especially during the vital start-up phase. Without one, key decisions can be missed at extra financial burden to your business.

On the other hand, having accurate figures to work from helps you compile spreadsheets, assess profit margin and calculate tax payments with added clarity. Read more ›

Is It Worth Moving to Cloud Accounting?

Cloud accounting has proven increasingly popular in recent years. It allows companies to store data off-site on remote servers in a bid to save time and money. There are plenty of cloud-based software options out there, each with various features that will suit different business models. Read more ›

How to Save Money on Your Business Bank Account

Although business bank accounts aren’t a legal requirement for start-ups, you’ll find it difficult to manage your affairs without one. Not all are the same however, so it’s within your best interests to find a deal most suitable for your business model. Read more ›

The New £10 Note is Coming – Here’s What You Need to Know

The new £10 note is set to be unveiled on 18 July, showcasing a modernised polymer design imprinted with the novelist Jane Austen. Its release into circulation is still some time away and the Bank of England have earmarked September as the likely launch date.

If your business deals in cash, you should prepare for the change by updating payment terminals which accept and dispense banknotes. Contact the manufacturer for further information. Here’s what else you need to know.   Read more ›

Potential Pitfalls When Accountants Go Paperless

The move to a paperless system is one liable to mistakes, especially for a busy accountancy firm with mounds of files on record. However, in an increasingly online dominated arena, the paperless move is one necessary to keep up with the times.

Digital accounting will greatly improve overall efficiency, helping you to quickly access documents or calculate tax equations at the click of a button. Co-operation with clients and other accountants – who are also likely to be paperless – will become easier as well.

Read more ›