Starting a new business can be a very exciting time, and also a very busy one. The business has to be launched, new customers found, and many suppliers dealt with, and such a large amount of work in the business’s early days can often be overwhelming. It is all too easy to become tied up with administrative tasks, which can detract from your core business – and so it is very useful that software is available that can reduce some of these pressures.
1. Accounting software
Accounting and taxes is one of the areas that new business owners worry about the most. Even those with some experience in finance can find they struggle with such issues – unsurprisingly, considering the number of punitive charges involved with the tax system. Thankfully packages such as IRIS accounting software can help with the range of tasks involved in business accounting.
Business owners are provided with a user-friendly interface to manage their income and expenditure, as well as the maintaining of suitable records for the tax office. Corporation tax and VAT owed can easily be calculated by the software, as well as arrangements made for the tax to be paid. This is very important as it reduces the risk of mistakes, which can incur heavy fines by HMRC. The software also manages customer billing, helping you to raise invoices, chase late payments, and issue receipts.
2. Payroll services
Similarly, organising payroll and related issues can be a fairly complicated affair, and payroll software can be a wise investment. Relatively inexpensive software can be purchased which automates payroll systems, as well as automatically calculating PAYE tax and national insurance contributions. It also takes account of sickness, overtime, unauthorised absence and holidays, ensuring that employees are not underpaid, or overpaid.
There are many different packages, for a variety of different needs. Some offer varying degrees of support and automation, and as with accounting software some are accredited by HMRC for tax filing purposes. This allows various employee tax returns to be carried out online, helping to avoid the frustration and inconvenience of an incorrect return.
3. Website design and hosting
Websites are incredibly important today and few modern businesses could survive without having one. Building a website, and maintaining it, is a fairly simple process thanks to the many software packages that are available. A professional-looking website can be set up in a very short time, complete with e-commerce and email contacts, without the need for any specialist knowledge of web design. The software makes it all easy.
Website packages usually offer a large selection of designs, which are often industry-specific, making it easy for you to find a design that suits your particular business. If you require a more bespoke website, it is usually possible to customise the site so that it reflects our pre-existing brand, business identity, or logo.
This helpful article was provided by Rashed Khan.