Waiting for your business to really kick off

When you have a start up businesses, you have to be patient to wait for the money and regular clientele to come in. This period can make or break a company before it even gets started, and if you don’t have enough savings to put into marketing your business, you could find yourself having to go back to fulltime work, leaving your dreams to fade and die. That doesn’t have to happen if you’re careful though, and it’s important to make sure you invest small amounts to start with. Do the marketing on the cheap,  use your own time to reach out to prospetive customers, rather than paying for expensive advertisers and web marketers. If you start off slowly you’ll stand a better chance of surviving and being a success...

How safe is Apple Pay?

Apple pay seems dodgy doesn’t it? You simply touch your mobile phone to a card machine and boom, your payment is successful. It’s changed the game, and it’s probably going to be the future. That said, as it’s only very recently been rolled out, people are doubting how safe it really is. With the amount of geeky techno hackers around, would it be very easy for someone to spend your money if they found your phone? Well, in short the answer is yes. If you don’t have a secure phone pin, they may be able to get in and use your phone to buy a product or service. That said, they can do that with your bank card, so it’s just a case of cancelling your accounts should you lose...

Saving for a big adventure

After years of office work, I recently decided that I needed a bit of adventure in my life. After spending some time researching countries, visas and travel costs, I quickly realised that I had some serious saving to do. For my flights, visa and first week of accommodation in Australia I needed to save £1200. Okay so I probably could have found cheaper accommodation but I want to start with a bang before I rough it in the hostels of Australasia. Saving the money for this trip isn’t easy, and I’m basically spending my weekends watching TV and going on walks. I’ve stopped drinking out, eating out and I’m working as much as I possibly can, sometimes even at weekends. It takes a lot of willpower to save for a...

Why every business needs an accountant

It can almost seem like waste of money to pay somebody to look after yours. What are they actually doing that’s worthwhile? Well, a good accountant will be helping you save money, but of course they’ll be taking a cut for themselves. They can’t do it for free! It’s quite easy to know when you need an accountant. It’s usually when things start to get a little messy. As your business grows, there are more things you need to keep on top of. Money is likely to be coming in and out from all areas, including advertising, security, rent, maintenance, tax, vat, employees salaries, resources and technology to name a few! An accountant can make sure you get the best deals, whilst they can keep check on where your money...

Registering as self-employed

When we mention the term self-employed, its normal for many people to presume we’re talking about an individual who owns their own company and essentially runs their own business. That’s true in some cases, but the minute you start earning regular money outside of employment, you’re self-employed in the taxman’s eyes. That is why you need to register for self employment as soon as you start earning a bit of money on the side, and it’s certainly worth doing if you’re planning to pick up even more work in the not too distant future. once registered as self employed, you will then need to submit annual self-assessment forms outlining all of the money you’ve made from outside of work, and it can be wise to hire a professional accountant to...