Category: smallbusinessuk

Exploring Business Perspectives: Thoughts That Challenge the Norm In the dynamic world of entrepreneurship and business, sharing and challenging opinions can often lead to intriguing discussions. Here are some thoughts of mine on topics that seem to spark a lot of interest lately: The Credibility of Business Consultants: In my view, the foundation of any Read more…

Navigating Tax Implications for a One-Off Payment in the UK Receiving a substantial payment of £13,000 directly into your personal bank account from a one-time job for a company can be exciting, yet it brings certain tax obligations that need careful consideration. If you’ve recently found yourself in this situation, here’s what you need to Read more…

Evaluating Accountant Fees: Are You Getting Value for Money? Navigating the complexities of business finances often requires professional assistance, but it’s essential to ensure you’re getting the right value for what you pay. If you’ve been questioning whether your accounting expenses are justified, you’re not alone. Let’s break down a scenario: A company with a Read more…

Should I Pursue Legal Action for an Unpaid £280 Bill in My Small Business? Launching a small business is a labor of love and dedication, especially in the early months when every penny counts. As a children’s activity provider who has been operating for six months, I’m at a critical point where my business is Read more…

Is My Accountant’s Fee Justified? Evaluating Costs for Small Businesses As a small business owner, financial management is a critical aspect of ensuring smooth operations and long-term success. However, I find myself questioning if the monthly payment of £225 to my accountant is truly necessary, especially as we’ve been shouldering this cost since our business Read more…

Is It Unprofessional to Decline PayPal Payment as a Trusted Supplier? As a self-employed artist running a growing business, it’s essential to establish a payment system that aligns with your financial goals. Having worked seamlessly with a particular client for over two years, I’ve recently transitioned to Xero for invoicing invoices, moving away from Shopify. Read more…

Navigating the Challenges of a Stagnant Business: Insights from a Veteran Web Design Agency In the dynamic world of web design, maintaining growth and momentum can be as challenging as it is rewarding. As the owner of a web design agency that has flourished for 14 years, I understand this all too well. My agency, Read more…

Dreaming of Running a Bookshop: Is It Possible to Thrive? If the monotony of a career you’re barely passionate about has been draining your spirit, you’re not alone. Many dream of stepping out of their comfort zones to follow their passions, and for some, this looks like spending days curating shelves and evenings lost in Read more…