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Financial Management

Five Reasons Budgets Are So Important

Posted on by Johnathan
You simply cannot underestimate the importance of creating and sticking to a budget. There are so many benefits to ensuring your financial security, even though it may be difficult, it is definitely worth it. Five Important Reasons for Keeping to Budget 1. Creating a budget helps you to determine what your long-term goals are and ensures you are able to plan towards working up to them instead of ‘just getting by’. 2. Sticking to the budget ensures you do not spend money you do not have. This is critical! Credit cards are a big NO-NO! 3. Budgeting helps you plan for a happier retirement, by putting aside money for the future. Upon retirement you will be able to live more comfortably, not be forced to work longer than you would...
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Let’s start budgeting for summer holidays

Posted on by Johnathan
The summer holidays can seriously dent your wallet, especially if you have not prepared properly. Even trips to certain parts of the UK can cost a great deal for families, so wherever you’re heading on your summer vacation this year it’s important to get your finances in check now, so it doesn’t hit you as hard in a few month’s time. So what’s the best way to budget for a summer holiday? Research You should check out the going rates now so you have a better idea of what to expect when it comes to booking your trip. Or better yet, book it now and get the cheapest rates. The prices often pick up the later you leave it. Schedule You should make a plan of action or a schedule...
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Top business tips for increasing sales in 2018

Posted on by Johnathan
These tips not only work with small businesses but can also be applied to big companies as well. Increasing sales in any business is not an easy task, mainly because it requires a lot of dedication to get to a point whereby you can say your sales have increased. Here are just a few basic tips for increasing sales in 2018: Good customer care It is not a secret that good customer services can greatly impact your business and sales, and it can actually provide some assurances for retaining your customer base. Think about it, if you have a team of friendly individuals who genuinely care about the customers and making their lives easier with order and advice, they’ll more likely return to buy from your company in the future....
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How to get out of your bank overdraft

Posted on by Johnathan
If you find yourself sitting in an overdraft every month, with your monthly pay not helping after rent and other outgoings come in to play. There are options to help manage your overdraft and avoid those high interest rates and fees you might be being charged each month. Bank loan- Taking out a bank loan may help take you out of your overdraft and provide you with manageable monthly payments. You should be able to arrange a meeting with your bank to discuss how you can manage your money and begin a saving plan. Money Transfer credit card- This could be an option to help you get out of your overdraft, however, you must check that the credit card offers 0% transfer rates and time frames that these offers apply...
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Should I hire an accountant?

Posted on by Johnathan
  Should I hire an accountant? This is a popular question for new business owners, and there is no simple yes or no answer. Sorting out and managing your incomings and outgoings in one thing but calculating your taxations can prove a little too difficult, that when an accountant comes in handy. Hiring an accountant could save you money in the long run, as they can calculate an accurate tax summary. They will be able to optimise the declaration of any expensive, which could give you a nicer end of year tax figure. Accountants are able to professionally submit your businesses annual tax statement without the risk of getting it wrong, which can often be the case when attempting it alone. An accountant may also be able to offer you...
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