Posts by Priscila Zaghini

The 6 Most Important Numbers You Need to Know to Grow Your Business

The 6 Most Important Numbers You Need to Know to Grow Your Business    In order to grow your business, you need to understand how you’re faring. Financial numbers provide you with an accurate picture of your performance, but as a busy business owner, it’s unlikely that you have the time or the inclination to spend hours pouring over complex numbers. However, ignoring your financial numbers is likely to lead you towards failure. It’s prudent to create a list of key performance indicators (KPIs) to focus on so that you can keep an eye on what really matters. This will...
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How A Dedicated Accountant Can Help Your Business Through Tough Times And Beyond

How A Dedicated Accountant Can Help Your Business Through Tough Times And Beyond   Running a business is tough. When the economy turns south, it can be very difficult to maintain your business in an environment where there are fewer opportunities for growth. Couple that with the uncertainty of the pandemic and you get very tough times indeed. Fortunately, having a trusted partner who understands the nuances of businesses and their unique needs can make all the difference when times are tough.   What is a Dedicated Accountant? What do you think about when you hear the word "dedicated accountant"?...
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The 4 Key Financial Metrics to Track for Business Success

The 4 Key Financial Metrics to Track for Business Success   As a business owner, it's important that you keep a close eye on your finances. However, with so many metrics and KPIs to look at, it can be difficult to know which numbers to focus on.  So, to help you out, we've put together a list of the four key financial metrics that you need to track for business success. 1 - Cash Flow Cash flow is one of the most important indicators of a company's financial health. Cash flow is the money that is going in and out...
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A Guide to Writing a Business Growth Plan

A Guide to Writing a Business Growth Plan   Successful business growth requires a solid plan. In fact, rapid and uncontrollable growth can actually do more harm than good in the long run, which is why it's vital to have a growth plan in place.   But how do you go about mapping out a growth strategy? And, since no-one can predict the future with 100% accuracy, what do you do when things inevitably veer slightly off-course?   This guide will discuss the components of a successful growth plan and provide tips for creating one that works for your business....
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4 Bad Financial Habits that are Hurting your Business

4 Bad Financial Habits That Are Hurting Your Business   Habits are everything.  From getting up early to working out and eating healthy, habits are what differentiate successful people from others. The same applies in business – entrepreneurs who have good financial habits tend to make better decisions than those who lack them.   If you have poor financial habits, then your business could be suffering as a result. What's more, is that many business owners aren't even aware of the behaviours that are costing them money and slowing their growth.   Let's take a look at four bad financial...
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The Eight Essential Types of Insurance You Should Consider for Your Business: Limited Company or Self Employed.

The Eight Essential Types of Insurance You Should Consider for Your Business: Limited Company or Self Employed.   Worried about what might happen in the future? Business insurance acts as a safety net for any company.   Every industry can have a wide range of liabilities. A digital marketing agency may not need the same types of insurance as a shoe manufacturer or a dental practice. However, there are a few essential types of insurance that all businesses will need, as mandated by law or otherwise.   1) Public Liability  Public liability insurance is not a legal requirement, but If you...
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7 Reasons Why Cloud Accounting Software Makes Business Owners Less Stressful

7 Reasons Why Cloud Accounting Software Makes  Business Owners Less Stressful   Business owners are busy people - but I probably don’t need to tell you that. When you have a lot on your plate, the last thing you want to worry about is accounting and bookkeeping. So, let's take a look at seven major reasons why accounting software is a lifesaver for business owners. What Does Cloud Accounting Software Do? Cloud accounting software automates many accounting and bookkeeping tasks. It can be accessed from any device that has an internet connection, and it's also subscription-based, so you only pay...
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Making Tax Digital (MTD) for VAT: 5 Misconceptions Busted

Making Tax Digital (MTD) for VAT: 5 Misconceptions Busted   The UK government's plans to make tax digital have been shrouded in controversy since they were first announced. There has been a lot of misinformation floating around, and many people are unsure about what the changes will mean for them. In this blog post, we will dispel some of the misconceptions about making tax digital for VAT and give you the facts. What's Happening? The Making Tax Digital (MTD) for VAT scheme rolled out on 1 April 2019 for VAT-registered businesses with taxable business income of £85,000 or more, however,...
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4 Essential Money Management Tips for Business Owners

4 Essential Money Management Tips for Business Owners   There’s a lot to think about when running a business and prudent money management should be at the very top of that list. It’s important to put financial best practices into place so that you can manage your money well and create good habits going forward. Let’s take a look at four essential money management tips you need to know about.   1) Create a Budget and Review It Regularly Creating a business budget can seem daunting at first, but it’s an essential step towards good money management. It’s hard to...
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HMRC 2021 Tax Return Filing and Payment Penalties Announcement: WHERE IS THE CATCH?

HMRC 2021 Tax Return Filing and Payment Penalties Announcement: Where is the CATCH?   The standard deadline for individuals filing a tax return is 31 January and failure to meet this deadline usually means a £100 automatic penalty applies, even if no tax is owed, however, at the beginning of this month, HMRC announced that late filing and late payment penalties will be waived for one month for Self Assessment Tax Return submissions and even longer for Self Assessment Tax bill payment.   What Does This Mean? Anyone who cannot file their return by the 31 January deadline  will not...
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