Facing challenges in your small business? XSBI data shows you’re not alone
The latest Xero Small Business Insights (XSBI) data shows just how challenging conditions became for small businesses, and their customers, towards the end of 2023. We’ve summarised the major trends and also have some tips for you on how to navigate the current headwinds. Despite improvements over the past year, inflation (or cost-of-living) pressures remained […]
Ditch your 9 to 5 and grow a £100m business
Tired of the daily grind? It’s time to break free from the nine to five and start building your own multimillion-pound empire. Aron Gelbard did exactly that. He traded in his cushy career, and well as his own personal assistant (PA) and office, for 6am starts at New Covent Garden flower market and the uncertainty […]
Cash basis changes: How accountants can support their clients
The UK government ran a consultation during 2023 on the cash basis rules as part of its wider focus to simplify tax for small businesses. Right now, more than 66% of eligible businesses don’t officially use the cash basis, even though the government believes many may benefit from its simplicity. In reality, the number of […]
Profit and loss forecast: Calculation and example
This article deals with the significance of a profit and loss forecast and provides a step-by-step calculation process.
SWIFT Transfers: A Comprehensive Guide
Learn in detail the key aspects of the Swift transfer and why it is essential for global payment transactions to boost the performance of your company.
Cash outflow: Meaning, types, calculation, and best practices
This article discusses cash outflow’s definition, its types, calculation formula, management challenges, and optimisation strategies.