Three Top Financial Tips for the Self-Employed

Since the financial crisis of 2008, the ranks of the self-employed have gradually been swelling, with widespread job losses prompting people to take their futures into their own hands. Around 1 in 10 people now work for themselves, but what many fail to realise is that moving from an employed position to self-employment requires some careful financial planning. If you’re newly self-employed and not sure where to start, read on to find out.

Business finance for the self-employed

Tip #1: Tax

People who work for themselves need to be extremely proficient when it comes to record keeping. If you take the time to keep accurate records of your set-up costs and ongoing expenditure, then you’ll find it much easier when it comes to drafting your accounts at the end of the year and calculating your potential tax liability.…

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Becoming a Financial Daredevil – Three Top Tips to Save Your Business Cash

Daredevils are terrifying, aren’t they?

Here’s the most recent example – this February, a group of French tightrope walkers made their way from one hot air balloon to another, suspended several thousand feet in the air. Although they were hooked up with parachutes should they fall, the risk inherent in being that high is enough to give you palpitations just thinking about it.

And yet, in the world of business, these same daredevils would probably suffer a panic attack looking at the financial risks that some SMEs take. Indeed, finances are a tightrope that even the most adept stunt-person would struggle to maintain their balance on.…

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How to Take Advantage of Business Finance to Grow Your Company

As we all know, cash flow is incredibly important for all businesses, without a positive cash flow companies are very often forced to cease trading.

The early years of a company are critical, many companies aren’t concerned with growing the business and just want to keep it afloat in these early stages. With a bit of extra finance it can smooth the progress from start-up to a steadily growing company.

Business growth funding

Finance options

When starting out business owners have a few options when it comes to raising finance, they can go through formal routes such as banks or finding investors, or they can raise money through personal finance using short terms products like a logbook loan or credit cards.…

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