Many business owners hesitate to outsource their bookkeeping because they see it as an unnecessary expense rather than an investment. That is until they realise that doing it themselves is actually costing them more.
Still using spreadsheets for your bookkeeping? You might well be losing time and money. Now I am a spreadsheet girl at heart, and they definitely have their place in mangaing finances. However, relying on them for bookkeeping in today’s world is just not smart.
Statistics show that around 50,000 small businesses fail each year in the UK because of cash flow issues.
As we near the end of the tax year there are several requirements that you must do as an employer.