It isn’t something that the majority of micro biz owners ever want to consider, but bankruptcy is a very possible unwanted outcome for many small or micro businesses. The worry for many small businesses is that they won’t have enough money to purchase the supplies they require to run their day-to-day business affairs and therefore…
With so many companies still licking their wounds as the result of continuing pension fund deficits, it is hardly surprising that new schemes tend to be of the defined contribution variety whereby the only thing guaranteed is the employer’s contribution rather than the benefits payable on retirement. However, although the major risk of not having…
When starting a business on your own for the first time, it can be very different to doing an ordinary job in a typical office for reasons good and bad. On the plus side, you exert total control on what your new venture does, but you find yourself burdened with extra responsibilities such as meeting…
These days we hear much about business mentoring and business consultants and how important it all is to the survival of all SMEs/SMBs. I can’t help but wonder where it all went wrong? Business has always been surrounded by advisors, who could have helped, their accountants. Why this need for all this mentoring and consulting?…
The HMRC is currently rolling out a new programme aiming to review the accuracy of financial recordkeeping of businesses all across the UK. If you have neglected your business records then it is possible that you could be liable for a large fine. To help businesses avoid any potential penalties and also improve the standard…
