Recordkeeping is the bane of the business owner, but our five tips will turn the tedium into something effortless
Top five tips on recordkeeping for your business
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Business
Xero vs QuickBooks: which is the best cloud accounting package for my construction or trade business?
We’re big fans of cloud accounting software here at Mayflower and especially of QuickBooks Online and Xero – but the best one for your firm will depend on various factors.
Five signs it’s time to set up a limited company
One of the questions we get asked most often is “Should I incorporate?” and there’s no simple answer. Here’s a summary of the main things you need to know before making a choice.
Discounting and self-worth
Discounting can really undermine your self-worth in business and should be used cautiously, but why is this? Are there times when it can work?
6 key tips for going limited
Going limited is the start of a fantastic journey for many, but it demands stewardship. Here are our 6 top tips for new company owners.
Balancing business and babies
If we learned one thing in the last year, it’s that everyone is human. So why don’t we start talking openly about how you balance work and family?
What does the Spring Budget mean for the construction sector?
After a year of disruption, the Government has set out its plans to ‘build back better’. A big part of that is about rebuilding in a very literal sense, by investing in infrastructure and the construction industry. In its policy paper published alongside the Spring...
7 signs you need management accounts
As your business grows, understanding the numbers becomes more of a challenge. Do you need to think about adding management accounts into your business?
The Time Management Matrix by Stephen Covey
The time management matrix by Stephen Covey is an essential tool to address the bombardment of modern day notifications.
Three mistakes to avoid picking the wrong accountant.
Why do businesses switch accountant? We talk about three common mistakes made in picking your accountant and how to avoid them.
Questions on Wednesday – 27th January 2021
In our first questions on Wednesday, we talk about how to pay your self assessment, what is a “K” code and how to change your company name.
Limited Company or Sole Trader – which is better?
If you are starting out as a business, you need to decide whether being a limited company or a sole trader is best for you. The answer is it very much depends on your business and your circumstances, not just the tax.