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Starting up your business: Practical issues

You’re ready to start your new business; you’ve done your research, tested your product and obtained the best advice you can. There are a few more things you need to consider before you start trading. 1. Who do I need to notify? If you have chosen to be a sole trader you must notify HM Revenue and Customs (HMRC). You …

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SMEs owed shocking £62.5bn in unpaid invoices: biggest problem and biggest asset

SMEs do not have to accept late payment by default. They can both address this problem with the latest technology and also use late payments to fund their business. The Problem British SMEs are owed £67bn in unpaid invoices, with manufacturing and construction companies the biggest victims. Research by the Asset Based Finance Association (ABFA) said the huge total is …

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14 benefits of digital online accountants vs. traditional accountants – can your business afford not to make the move?

Summary: In short, using online accountants, you will earn more and work less. It sounds like a big claim – improbable even – but it’s true. Henry Ford realised that the answer to modern transportation is not a faster horse but a wildly different approach. Traditionally your accountant and you operate completely independently with different systems and only once a year do …