The Cost of Running A Business In The UK Is Rising: How To Safeguard Your Cashflow
Cash flow is the money that comes into and out of your business over a certain period of time. Inflows include revenue, loans, and tax refunds, whilst outflows include supplier costs, employee wages, and rent. With the cost of running a business in the UK becoming more expensive due to rising inflation, you may be […]
How To Set Up Workplace Pension Scheme At Your Business
All UK employees aged between 22 and the UK state pension age (which is currently 66-68 depending on when you were born) are eligible for the scheme if they earn £10,000 or more. If you’re an employer who needs to set up a suitable workplace pension scheme, follow these simple steps: Choose a pension provider […]
Alternatives To PayPal For UK Businesses
Paypal set the standard for safe, secure and convenient online payment systems way back in 1998, back when the internet was still in infancy relative to today. Known for it’s fast mobile payments on the go and offering users the ability to transfer money in seconds, Paypal is a secure and convenient payment system. Due […]
Salary Vs Hourly Rate: What To Pay Employees
As a business owner, one of the most fundamental decisions you can make is deciding if you will have salaried employees, or employees who are paid hourly. A salaried or hourly employee will notice different benefits – as will you as the business owner, too. Understanding these pros and cons, weighing up whether an annual […]
Advantage And Disadvantage Of Bank Loan Borrowing For SMEs
Whether funds are required to set the foundations for a start-up business, inject some cash into the business to continue to operate or even grow, the most common method of funding for small and medium-sized organisations (SME) is bank loans. Much like a personal loan, a bank loan for SMEs will come with monthly repayments […]
Difference Between Internal And External Financing
Internal and external sources of finance are viable options for any business looking to source extra finance for different business activities. Money makes the world go round, as they say, and it’s no different for businesses. You might need to look for financing from external sources or internal sources for a variety of reasons, including: […]
Crowdfunding Options: Kickstarter vs Indiegogo vs GoFundMe
Crowdfunding is a product of digital innovation and fundraising, and is a powerful way for individuals, entrepreneurs and organisations to turn their dreams into reality. Crowdfunding campaigns account for many new businesses today – where once creative projects turned business ventures would have needed to be funded by the entrepreneurs own capital or a bank […]
HMRC Errors And Mistakes Guidance
HMRC is in charge of taxation in the UK – handling the tax affairs of every working individual in the country. They make sure that if you owe tax, you pay your fair portion in a timely manner. If you’re self employed this comes in the form of a tax bill after the submission of […]
How To Offer Finance To Customers In The UK
It used to be said that cash was king in business, but really today convenience is. When products and services cost a lot of money back in the traditional way of doing business, customers would have to save to afford it and then buy the goods or services all at once. But not anymore. Today […]
Surety Bonds & Guarantees Ltd – Unlocking Peace Of Mind
Becky Mackey, director at Surety Bonds and Guarantees, explains the company’s stress-free service, unique approach, future growth, and more… Surety Bonds and Guarantees Limited (SB&G) is the UK’s leading specialist provider of surety bonds, guarantees, and indemnities. We offer a comprehensive range of solutions to ensure the successful completion of contractual obligations, protecting both businesses […]
Is Turnover Before Or After Tax?
Turnover will give you a quick overview of business performance, because it looks at your net income – all of the revenue you’ve generated throughout the year through the sales of goods and services. This is different to net profit (which is the total sales minus any business expenses). Your business’ annual turnover simply looks […]
How To Do Payroll: A Guide For Small UK Businesses
Payroll is a process of calculating wages for employees, using features to comply with various HMRC regulations, and applying relevant taxes accurately. Small businesses that employ staff will have to run payroll at some point. But how? In this article, Real Business will go through the process of running payroll, including the best payroll software, […]
