As we prepare for 2025, having a solid business plan is more important than ever. Regardless of your experience, this guide offers practical advice to help you tackle the challenges of today’s market and how you can prepare for the future. Define your vision and goals Imagine where you want your business to be in…Read More
When it comes to choosing between FreeAgent and Xero, it all boils down to your business needs. Both are top-tier cloud-based accounting platforms designed for small and medium-sized businesses. They offer a variety of features like invoicing, expense tracking, and project management. But how do you decide which one suits your business better? We’ve broken…Read More
Navigating the world of accounting can be tricky with all of its different terms and phrases. This glossary will break down common accounting terms into simple, easy to understand explanations regardless of your knowledge level. Assets Assets are defined as “a resource controlled by the enterprise as a result of past events and from which…Read More
Running a small business has its fair share of challenges, but understanding tax deductions can significantly ease the financial burden. Tax deductions work to reduce your taxable income, meaning you owe less to the taxman. Here, we outline some of the most common tax deductions that small business owners in the UK can take advantage…Read More
Starting a new business is exciting, but keeping your finances in check can be challenging. Here are some essential bookkeeping tips to help you stay organised and stress-free: By following these tips, you’ll build a strong financial foundation for your business, allowing you to focus on growth and success. Remember, good bookkeeping practices are essential…Read More
If you’re new to business, VAT can appear to be complex. This guide is will demystify VAT and equip local business owners with the knowledge they need to navigate this crucial aspect of financial management. What is VAT? Value Added Tax (VAT) is a consumption tax levied on the value added to goods and services…Read More
Over the last few years, WhatsApp has gone from being just another messaging system, to one that is integral in our day-to-day business. There are so many aspects of it that are very useful, and yet rarely used… WhatsApp for the web Using WhatsApp on your desktop is great for those who love a standard…Read More
The self-assessment tax payment date has come and gone, and if you found it impacting your cash flow, you’re not alone. At FWD Accounts, we understand the financial strain that tax obligations can impose on businesses and individuals. But fret not – the story doesn’t end with the due date. In fact, it’s just the…Read More
A Guide to Planning for Your Business in 2024 As we step into 2024, it’s essential for businesses to chart a course that ensures financial stability and growth. At FWD, we understand the importance of strategic financial planning, robust budgets, and proactive cash flow management. In this article, we’ll guide you through the key steps…Read More
The Chancellor recently unveiled the Autumn Statement, concluding with unexpected announcements, a National Insurance cut. This article dissects key takeaways from the 2023 Autumn Statement and sheds light on the support offered. How the Autumn Statement Impacts Small Businesses and the Self-Employed A primary focus of the Autumn Statement lies on small businesses, with…Read More
How to deal with late payments As a business owner it’s likely you would have dealt with late payments from customers at some point. But what is the best strategy to deal with late payments? Here are some key things to keep in mind when chasing late customer payments. Don’t jump to conclusions It’s important…Read More
When you are passionate about owning your own business, not enjoying speaking in public shouldn’t hold you back. Unfortunately, there’s no way around it other than practice. But the good thing is the more you do it the more you get used to it. But to give you a head-start in getting confident in public…Read More
Ensuring team meetings are worthwhile is beneficial for everyone, for you as the business owner and for your team to ensure their time at work is being used in the most efficient way possible. Remember, it’s not just the time of the actual meetings that takes up time in the day. It’s the preparation for…Read More
There are a lot of business books out there, so how do you know which to choose? If you’re looking for self-development books, we’ve compiled the ultimate list. As a business owner you never stop learning and your business changes. And your ability to adapt to these changes is what the survival of your business…Read More
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