Entrepreneurs Guide to Having a Virtual Admin Service

Entrepreneur Guide to Having a Virtual Admin Service

Cressida Johns Business Advice

Are you thinking about using a virtual administration service but not completely sold on it? Here’s an entrepreneur guide to using a virtual admin service. Full article with thanks to: rescue.ceoblognation.com/2017/09/20/19-entrepreneurs-explain-benefits-using-virtual-assistant Virtual assistants are gaining traction as a tool among many businesses, particularly small ones. The fact of the matter is that most businesses could use a virtual assistant at least some of the time. Need will depend on the level of business activity (such as whether a business is in a growth phase), the complexity of operations, and the level of in-house expertise in areas such as marketing, bookkeeping, and graphic design. We asked entrepreneurs and business owners about the benefits of using a virtual assistant. #1-  Focus on one niche To run and grow a successful business, you’re going to need a team to make that happen. On that team, you’ll need specialists, because no contractor will be able to do …

social media management

Benefits for Outsourcing Social Media Management

Cressida Johns Business Advice

Full article with thanks to: connecticallc.com/how-can-hiring-a-social-media-management-team-benefit-your-brand Social media should be an essential part of your business marketing plan. When it comes to your digital marketing efforts, you shouldn’t be haphazard, a good social media management requires thought, research, and a specific strategy.  The process of planning a social media and digital marketing strategy has become integral to almost any business, especially as we move into 2021. At the end of the day, someone needs to be responsible for managing your social media plan. It might be you, a team member, or it might need to be outsourced to a digital marketing company.  A social media strategy should be innovative as technology changes quickly, so you need someone who can make sure your company stays ahead of the game. 1. SAVE YOUR TIME FOR THINGS THAT COUNT If you are a business owner or in a managerial position in a big company, outsourcing …

Why Choose PAYG Virtual Administration for Your Small Business

Why Choose PAYG Virtual Administration for Your Small Business

Cressida Johns Business Advice

PAYG Virtual Administration is a great alternative for small business owners that need extra support in their business but aren’t able to hire extra staff (i.e. full-time staff). Using a virtual administration service can allow small business owners to focus on the more important things in their business. Full article with thanks to: hrnews.co.uk/the-advantages-of-hiring-a-virtual-assistant-for-your-business-what-you-should-know Virtual assistant services are now plentiful, and their increase in popularity can be attributed to more work-from-home situations where a lot of business people and executives who are now based on the home front can’t seem to find time to accomplish all their tasks, including their personal responsibilities. The line between personal and business duties can become quite blurred when you are working from home, and this has made it difficult for many to balance everything they need to do – and have some time for themselves as well. A virtual assistant can be just the solution …

HMRC Business Tax Changes - income tax payments

HMRC Seeks to Change Self Employment Dates

Cressida Johns Business Advice

Full article with thanks to: lubbockfine.co.uk/blog/hmrc-seeks-introduce-changes-self-employed-2022 HMRC is consulting on changes that will affect the income tax payments of many sole traders and partners. The aim of these changes is to align the filing dates for the Making Tax Digital regime. If the changes take effect, some taxpayers will see higher tax bills in 2022/23. What is their current position? Businesses draw up their accounts each year to a particular date, known as the accounting date. They often can choose their own accounting date, which is not necessarily the same as the date on which the tax year ends. Currently, sole traders and partners pay income tax based on the accounting period which ends in the tax year. For example, a business that produces accounts to the 30 April 2021 will pay tax for 2021/22 based on those accounts, also known as the current year basis. In the early years …

business card

Why Business Cards Are Still Business Relevant

Cressida Johns Business Advice

Article with full thanks ukbusinessblog.co.uk/ultimate-guide-significance-size-designing-tips-of-business-card-uk Usually, Business cards play a vital role in all the business (no matter what business you run) marketing that when utilized properly will help you to win or succeed in many new and small businesses it is said a business networking phenomenon. The business card you design must be more impressive such that it grabs the attention of the potential customers to your business. Therefore, if you are interested in starting a small business in the UK then you should certainly be familiar with the standard size and dimensions of the business card, which is the same throughout the UK. Business cards can be designed in different sizes, which is considered more important when you perform your jobs with international businesses. Here in this article, we discuss the standard size dimensions of the business card that is a typical card size for professionals in the UK. According to one of …

outsourcing bookkeeping for small businesses

The 9 Advantages For Outsourcing Your Bookkeeping Services

Cressida Johns Business Advice

Full article with thanks to: growfactor.com/blog/why-outsource-your-bookkeeping Let’s face it, you started your business because you have a passion and a dream. You didn’t start your own business because you love spending hours each week filing receipts and allocating expenditures. Likely, when you think of your dream it doesn’t include entering transactions into a spreadsheet every Sunday evening. However, bookkeeping is necessary because there is great value in keeping your books up-to-date. 96% of UK businesses fail because they don’t have visibility of their numbers. Bookkeeping is key in providing you much-needed visibility. Now whilst online accounting software, such as Xero and QuickBooks, can generate profitability reports at the touch of a button, thus removing the need for spreadsheets in your life, this is only worthwhile if the figures are accurate and correct. As a small business owner, it is vital that you are able to monitor the performance of your business. …

sole trader limited company small business

Should You Be a Sole Trader or Limited Company?

Cressida Johns Business Advice

Full article with thanks to: moneydonut.co.uk/blog/21/09/sole-trader-or-limited-company-what-form-should-your-business-take Sole trader or limited company? What form should your business take? COVID-19 helped to push UK business start-up figures to new heights in 2020. According to the Centre for Entrepreneurs, annual year-on-year UK business formations in 2020 rocketed by 13% to 772,002. A key decision when starting a business is which legal structure should you choose when registering. The three most common options are sole trader, limited company and ordinary business partnership, although most people become a sole trader. Sole traders make up about 59% (3.5 million) of the total UK business population of 5.9 million. They include many freelancers, contractors and agency workers. Ordinary business partnership members make up about 7% (405,000) of the UK business population. Basically, these are sole traders who go into business together. The UK also has about two million (34%) active private limited companies. So, why do so …

business tax for small businesses

Which Taxes Applies To Your Business

Cressida Johns Business Advice

Full article with thanks to: unbiased.co.uk/life/small-business/business-tax#introduction Introduction to small business tax Your business may have to pay a number of different taxes, such as: corporation tax income tax VAT business rates Employers’ National Insurance contributions capital gains tax What tax your business pays will depend on how it’s set up, whether or not you have employees, and other factors such as your business assets and premises. Primarily, your business will be taxed on its profits (the net amount of money it makes after losses and expenses). How this happens will depend on its structure. Sole traders pay income tax, as do partnerships (with partners submitting separate tax returns), and also Employees’ National Insurance contributions. Limited companies pay corporation tax. You may also have to pay business rates on your premises. If you supply VAT-able goods or services, and your taxable turnover is above a certain limit (currently £85,000) then you will need to register for VAT. …

business software for small businesses

Is Free Business Software Good or Bad For Your Small Business?

Cressida Johns Business Advice

Are you looking for creative and free business software for your small business? Learn if free software would benefit your small business or not. Full article with thanks to: techdonut.co.uk/business-software/essential-business-software/free-business-software Free business software isn’t always the second best. In fact, some of the best software is free, enabling your business to benefit from up to date, highly capable applications without paying a penny. Types of free business software The easiest way to find free business software is to look online. It tends to fall into one of four categories: Freeware. Freeware is available at no cost and with no restrictions. Freeware tends to be simple software designed to perform one or two tasks. Free trials. Previously known as ‘shareware’, free trials enable anyone to try out an app for a limited period of time, after which a fee must be paid for continued use. Vendors may also choose to disable certain features …

payroll guide

Guide On Payroll For Your Business

Cressida Johns Business Advice

This brief article will give you a better understanding of payroll. This guide on payroll will help you to understand what you need to learn and what’s relevant for your small business. Full article with thanks to: unbiased.co.uk/life/small-business/handling-your-payroll If you employ any staff, or plan to do so, you’ll need a payroll. Many accounting firms can provide this vital function for you, but it’s still important to have a good grasp of how payroll works. Whether you run your payroll internally or outsource it, here’s a simple breakdown of the key things you need to know. This article covers: What is payroll? How do you set up payroll? How much should you pay your employees? Pensions & benefits and other payroll deductions Tax reporting (PAYE) via payroll How to run your payroll You can also talk to your accountant about your best options for payroll. What is payroll? Technically, your payroll is …