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Showing posts from 2017

Funding – Key for Growth?

Hello, and welcome back to Write Away, the blog for small business owners, freelancers and anybody who is thinking of jumping into self-employment.
This time we look at funding for small business, an important area for any business, but it is also a big decision, borrowing money, to try and grow your business to take it to the next level.
There are many businesses who are either lucky enough to generate enough profit, or cash, to not have to worry about raising funds from external sources, but they would be in the minority, particularly amongst new businesses, for whom cash flow can be hand to mouth, and reliant on customers, big and small, paying on time.
For these businesses, they often only have enough cash to cover their outgoings or to invest in further stocks to continue trading, so expansion, for instance investing in new or bigger premises, or purchasing additional vehicles or machinery for the business, is often put on the back-burner, because of a lack of funds.
However, being i…

Read all about it?

Hi there, and welcome back to Write Away, the blog for freelancers, small businesses, start-ups and anyone interested in working for themselves.
This time I wanted to draw your attention to a great business publication that I have come across recently called “BQ” which stands for Business Quarter. The magazine is full of inspiring stories from entrepreneurs who are running successful and growing businesses, and share their experiences, highs and lows, and tips for how they got to where they are today.

The latest edition (pictured above) contains fascinating articles about microbrewery business Brewdog and a great interview with a former contestant on BBC televisions “The Apprentice”.
The magazine has an excellent sister website, the link is shown below, which has some regional content to it as well, and you can sign up to free e:mail newsletters if you so desire.
The website also features a host of content that is very sector specific, so if you are operating in the construction sector o…

Accounting - A Taxing Issue? (Part 2)

Welcome back to Write Away, the blog for small businesses, freelancers, and anyone with a desire to move from paid employment to becoming your own boss.
In my last post, I tackled the issue of appointing an accountant to help you in your small business, and how you might go about this, bearing in mind different businesses have different requirements from their accountant.
This time, I want to look at what you can expect to receive from your accountant, for the hard earned money you will be paying them.

First and foremost, you need to confident that you are complying with current legislation regarding VAT and Taxation and this is the kind of expertise you need from an accountant. This may be in the form of completing your company tax & VAT returns and submitting an annual return, but aside from these mundane requirements, there is so much more important information that an accountant can provide, that you may not have considered.
In business, information can be king, and sometimes it c…

Accounting - A Taxing Issue? (Part 1)

Hi there, it’s great to be back after some time away, thanks for finding your way to Write Away – the blog for small businesses, freelancers, and anyone with a healthy desire to cut loose from paid employment and work for themselves.
In this post we deal with engaging and using an accountant for your small business.

A lot of small business owners start their business armed with a specific set of skills, knowledge or experience. One of self-employments biggest challenges is how to plug a gap in that knowledge in areas you may have never needed to understand or be involved in.
For a large proportion of small business owners and freelancers, the financial management of the business, specifically matters relating to tax and accounting would probably be the area most likely to induce a cold sweat! Unless you are an accountant by trade, why would you need this knowledge anyway!
So now you’re up and running, you need an accountant, right?
Well, yes is the short answer, but you need to ask yoursel…