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Countingup is on a mission to simplify running your business. But how you cry?! Countingup aims to offer small businesses the chance to open a current account on their smartphone in just 5 minutes (tick). But whilst this is not perhaps unique in an era of Fintech / banking disruption, the fab feature here is that the banking app will also do your accounting. (double tick). It will submit VAT ret...
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Making Tax Digital (MTD) is set to bring about the biggest change to the UK’s tax system for a generation, with online tax submissions soon to be the only option for the majority of self-employed taxpayers and paper tax returns likely to become a thing of the past. So what does MTD and the new era of digital tax mean for you and your small business? Here are four things you need to know care...
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A couple of months ago, the UK government launched a new consultation into Making Tax Digital, its ambitious plan to implement a fully digital tax system across the whole of the UK by 2020. With consultation documents published and people invited to comment on the proposals, what are the main things that small business owners need to be aware of?  Emily Coltman FCA, chief accounta...
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Business closures are falling, but across the UK there are several sectors that are more risky to start up in than others. Chris Conway is the MD of Accounts and Legal a leading Small Business Accountancy firm based in London. Here he writes about the sectors and regions in the UK that are more risky to 'start up' in that others.According to the Insolvency Service, company insolven...
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Here at Startacus we do like a good reminder. After all if like us you've a fab but reasonably flat / small team of paid employees the chances are there's a good deal of multitasking and 'pulling in all directions' going on!  So, for those of you with a responsibility towards wages, payroll, administration, cash-flow, managing the books - and probably a whole lot more, take note of this ver...
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Welcome to the Startacus monthly financial news round-up, brought to you by Sophie Turton of Crunch Accounting. May has seen some absolutely fabulous developments for the small business community, as SMEs go from strength to strength across a variety of industries. The growth in the sector has also prompted calls for better financial backing from banks and more support from the government, demons...
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Spring clean your way to a better business in 2014! The daylight hours are getting longer which means that now is the time to start thinking about how you can do some much-needed business Spring cleaning. But instead of just papering over the cracks or carrying out some minor cosmetic touch-ups, could this be the year that your Spring clean helps revolutionise the way that you work and add real ...
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Getting paid by your customers is a crucial part of keeping your business running smoothly.  But simply sending out your invoices isn’t enough - you need to remember that a sale isn’t a sale until the money’s in your bank account! Emily Coltman FCA, Chief Accountant to online accounting service provider FreeAgent, gives her five top tips on how to collect payment from your ...
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