Tag Archives: Tax

How to Save Money as a Startup

Contributed article in our small business series. Enjoy! – Kimberly

Startups are notorious for running into financial difficulties before they reach the maturing point at which they’re stable and secure enough to be considered successful small businesses. It’s imperative that startups are tight with their money, ensuring that their cash flow is as efficient and well-attuned as possible. Hemorrhaging cash when at the startup phase is an absolute path to failure. It’s in this sense that this article aims to provide money-saving advice to startups. The tips provided below are designed to reduce losses to an absolute minimum, which will mean your young startup will be best-placed to succeed.

Consider Your Tax

Small companies benefit from a series of tax breaks and incentives that you should school yourself on before you make specific financial commitments. Continue reading→

Why Finance Management is So Important in Business

Contributed article in our business series. Enjoy! – Kimberly

Every major business will have to handle money. Fact. Therefore, it’s vital that businesses manage their finances finely to ensure that they can pay for any expenses and that no money is being lost. Sometimes, managing finance can be tricky, but with a lender for short term loans available in every corner of the Internet, finance management can be made so much easier with the click of a mouse.

Bookkeeping

This is simply the process of keeping up to date with the organizations daily financial activities, which includes sales and composing these into balance sheets and reports. By carrying out this process on a frequent basis, you’re receiving useful feedback that can help you alter any of the strategies that you have in process at the company. For example, if your sales income is considerably low, you can take action to ensure that the figure rises, allowing you to make more money for your business. Therefore, it’s essential that bookkeeping is done regularly so that you can keep tabs on your financial situation and make any amendments necessary.Continue reading→