Just because you’re great at what you do, doesn’t mean you’re automatically great at building a profitable, successful business around what you do. It’s OK not to know how to run a successful business, and it’s OK to ask for help. In fact, that’s exactly what I did when I met a local builder...
As the furlough payments and a summer of extreme weather come to an end, businesses are facing an autumn of decisions. Now is the time to reflect upon recent trading and to consider the bigger picture. I’m often asked: should I carry on as I am, or cease trading in my business? But rarely...
HMRC’s new domestic reverse charge for construction services came into force on 1 March 2021. There are lots of rules surrounding this which I have tried to summarise as simply as possible, however you must familiarise yourself with the full rules if they apply to you. Any errors will have a significant impact on...
What is Self Assessment? Self Assessment, put simply, is the tax return process for self-employed people. Whereas HMRC collects tax from employees directly through the PAYE system, the self-employed need to work out their income and expenses and then pay their bill each January. You might even need to complete a Self Assessment return...
Most people dream of being their own boss, to ditch their day to day jobs and go it alone. And whilst the prospect of earning more money and the ability to work in a more flexible manner are all strong motivators, it is often the financial fears and the processing of paperwork that is...
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A spot of post lockdown shopping… I spent this afternoon shopping. “So?” you say? After being in lockdown for 14 weeks it was really strange to be able to wander in and out of shops. Okay I had a face mask on but it was still weird! I couldn’t help thinking about the little...
The soundtrack to self-isolation goes something like this: A series of endless pings and beeps. Alert after alert… Indications that someone, somewhere in the world wants, NEEDS, to chat. Zoom, Face Time, a text exchange, a game, a quiz, a group get-together, a meeting, an exercise class.. …it goes on and on. ...
You might have noticed that I’ve been publishing quite a few videos recently. I started recording my new video series a few months ago, right before COVID-19 was any sort of threat to the UK in terms of health and the economy. When I recorded my latest video about systems and finance, who...
Now more than ever, as a small business owner you need to know the key numbers to focus on and how to improve them. Understanding cash flow in your business means you can form a plan to work towards in the short-term, which will get you through to the long-term. The first rule you...
Since the UK government announced the necessary lock-down measures on Monday 23 April 2020, to support prevention of the spread of the Coronavirus, many of us are now working from our own homes. I went self-employed about 5 years ago and I learned quickly that there were things I could put into place...
It is true -when you start out in business, money is very much on your mind.Very often you will have started your business because you were keen to be self-employed, keen to be the key decision maker in the company you work for, keen to try something new and most likely, passionate about...