Winning new clients should be an exciting part of growing a business. And yet, due to the current climate, this rising demand is often met with limited resources and labour shortages. Throughout this article, we’ll explore how outsourcing and offshoring can help you increase your capacity without breaking the bank! What is the difference between […]
If you are just about to become a sole trader, or have been one for a while, you might be wondering whether it is worth getting a separate bank account for your business. There is no legal requirement for sole traders to have a separate bank account for their business unlike Limited Companies which are […]
Depending on which service you are on, you will find that you receive requests from members of our team asking for copies of your bank statements. You may receive different emails from different team members depending on the work they are undertaking for you. Whilst we try to eliminate asking for the same information on […]
We have an increasingly complex financial ecosystem, yet UK businesses feel that they have no one to turn to. It’s not surprising, since we’ve seen a reduction in bank branches and bank managers over the past 20 years, but what business owners don’t know is that they do have someone. To help SMEs in a […]
You Are Not A Bank As a small business, credit control can be a nightmare. Paul will tell you that when he first started running his traditional accountancy practice (Paul Donno & Co) he was pulling his hair out when he would do work, invoice the client and then not get paid. Unlike buying a […]
After months of speculation, we finally have the details of the first budget from the new labour government. It appears most of the burden will be on business owners, ultra-high net worth individuals and investors, but thankfully not tiny business owners. Before discussing the changes and how they will affect you and your business affairs […]
Step-by-Step Guide to Starting a Business Starting a business can be both an exciting and daunting endeavour. With the right guidance, you can navigate the process smoothly and set up your business for success. This comprehensive step-by-step guide will help you understand the essential aspects of starting a business. 1. Research Your Market Before you […]
Essential Financial Tips for Start-Up Businesses: Setting Up for Success Starting a business is an exciting journey filled with potential and opportunity. However, one of the most critical aspects of ensuring your start-up’s success is having solid financial foundations. Here at 1 Accounts, we understand the unique challenges faced by UK entrepreneurs. This blog will […]
Election 2024: How Party Manifestoes Could Impact Small Businesses in the UK As the 2024 UK election draws nearer, small business owners are keenly aware of how the potential shift in power could impact their operations. Understanding the manifestoes of the main political parties – Labour, Conservative, Green Party, and Liberal Democrats – is crucial […]
Elevate Your Business: A Guide to Improving Your Business Credit Score Your business credit score is a valuable asset that can significantly impact your company’s financial health and growth potential. Just like a personal credit score, a strong business credit score opens doors to favourable financing options, partnerships, and opportunities. In this comprehensive guide, we […]
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