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When is the right time to set up a formal finance function in your burgeoning startup?

by: Startacus Admin ~ 6th September 2020
Establishing a formal finance function for your startup? Carlo Gualandri, Founder and CEO, Soldo outlines when and where to start... Most startup business owners set out with either themselves or a trusted employee in charge of finances, often as a way to keep complete control. But as the business starts growing, taking on more clients and personnel, it soon becomes impractical, prompting th...
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Factors to consider when choosing your accountant

by: Startacus Admin ~ 27th July 2020
Investing in the services of an accountant can yield considerable benefits, particularly for those who aren’t conversant in monetary matters. But not all accountants are created equal. Before making a hiring decision, you’ll want to devote some effort to determining which is best for you. Let's run through some of the criteria by which you might judge a potential appointment. How much...
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Countingup raises £4m to accelerate banking and accounting roadmap

by: Startacus Admin ~ 6th May 2020
Countingup, the business current account that automates your accounting, has received the backing of leading fintech investors. The London-based startup has raised £4m in a bridge round of financing led by ING Ventures with co-investment from Triple Point, CVentures and BiG Start Ventures. All are backing the company’s vision to be the one financial hub for 1m small businesses. In the...
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Going Back To Basics: Accounting for Beginners

by: Startacus Admin ~ 12th June 2019
You may already hire an accountant in your business, so you consider you can leave financial matters to them. While your accountant will take care of preparing your accounts for the IRS (Internal Revenue Service) and advising you on the financial position of your company, it’s important for you to understand financial matters, too.  This will help you understand at all times how your b...
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Startup of the Week - PROfiltr

by: Startacus Admin ~ 22nd May 2019
In need of an accountant? PROfiltr is a marketplace startup aimed at helping startups and SMEs alike... Whether you’re an early stage startup or you’ve been in operation for quite a while, the fact remains that you will need an accountant. It’s a given. After all, from initial company formation to VAT returns, they provide a service that is essential.Choosing an accountant ...
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Accounting Terms Startups Should Know

by: Startacus Admin ~ 8th March 2019
Shoaib Aslam, co-founder of Pearl Chartered Accountants, highlights the most basic accounting terms that startups should know..Startups with owners who are relatively new to the business world are going to have a more uphill climb than startups launched by people who are more business savvy. Yes, there’s all the obvious business stuff to think about, but entrepreneurs launching startups are ...
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Business Futures: How the accounting sector is adopting technology to improve the client experience

by: Startacus Admin ~ 13th December 2018
Exploring how technology is changing the accounting sector and how tech interaction is improving the overall client experience. Simon Dolan’s success began with placing a £10 advert in a local paper when he was 22. After working from a kitchen table for five years, Simon opened the first office and the firm grew rapidly, becoming a market leader in the contractor accountancy sect...
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Coconut cracks on with it's banking and accounting app

by: Startacus Admin ~ 3rd May 2018
Coconut, an app-based smart current account, combining banking and accounting services for the freelance and self-employed workforce, has opened 1,000 accounts since launch. Coconut, an app-based smart current account combining banking and accounting services, designed specifically for the UK’s ever-growing freelance and self-employed workforce has reached a significant milestone in opening...
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Challenger bank with integrated accounting service goes from beta to launch

by: Startacus Admin ~ 9th April 2018
Challenger bank, Countingup, a UK business current account with integrated accounting and tax software, goes from from beta to official launch. Challenger Bank Countingup offers accounting and banking in one place for sole traders, freelancers and small businesses. Created in September 2017 by Tim Fouracre, Countingup is VC backed startup who have worked with more than 1,000 small businesses ...
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Five tips for Startups to save time and money

by: Startacus Admin ~ 10th December 2015
Rachel Smith works for Nixon Williams a UK specialist accountancy firm for contractors, freelancers, consultants and interim professionals. Here she writes for Startacus on 5 ways you can save time and money when running your Startup. Over to Rachel to explain all...It’s often said that time is money and if this is true, it seems logical to save as much time as possible. Why s...
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