The 2023 Spring Budget
What you need to know about this year’s budget The Chancellor, Jeremy Hunt, has announced his spring budget for the UK on 15th March 2023. With positives of not entering into a technical recession this year, and inflation due to more than halve and reduce to 2.9% by the end of 2023, here are […]
Profitability: What it really means
As small business owners we measure the success of our business is many ways. Through feedback, client retainment, goal achievements and financially. One way of measuring a business’ success is to measure its profitability. Profitability measures the ability of a business to generate more total revenue than total expenses. This information can be used alongside […]
How to become financially free
Starting a business is one of the most exciting endeavours a person can undertake. For many small business owners, becoming financially free is the driving force behind their decision to make the leap into entrepreneurship. Many business owners find that the reality of running a small business comes with many challenges, especially when it comes […]
Why digital accountancy is essential for your business
You have probably heard of various digital accountancy software such as Xero or Quickbooks and may be wondering if your business will benefit from making the switch. Digital Accounting software helps you easily record your business finances, whilst giving you quick access to analyse the data. Whether you are looking for basic invoicing capabilities, bank […]
How stress affects small business owners and how to manage it
Starting a small business is perhaps one of the most stressful things that we can do. Even if you’re an expert in your field, facing ongoing stress in business can make it extremely difficult for us to function at our peak. As a small business owner, you’re constantly facing stress because you’re constantly making decisions […]
How to get your business financially ready for growth?
When you are on the cusp of growing your small business, it is important to consider the financial implications and current financial position of your business. Here are our top 5 tips on how to get your business financially ready for your next steps: Get your business plan ready. A business plan shows you where […]
Is your business ready to grow?
The idea of growing your business is exciting! Growth of your business means increasing the number of products or services, customers/clients or sales of your company. Alternatively, it could mean a move to a larger office or shop. By growing your business you are allowing your company to have a larger client base, therefore leading […]
How to get your finances in order
It’s now June and the perfect time for ensuring all of your finances from the past financial year are in order and ready for your tax return. Often people leave submitting their tax return until as close to the January deadline as possible, but remember this is your deadline for paying your tax bill. If […]
Common Bookkeeping mistakes
Every tax season we come across a range of bookkeeping techniques; from the organised professional to just downright mess! It’s really important to have your accounts in order; not only to make it easier for you to keep an eye on what you do, but also to make the accounting process simpler and cheaper! So […]
Our top tips for maintaining a healthy cash flow
One of the key services we offer at Surrey Accountancy Limited is to educate our clients in understanding how essential a healthy cash flow is to a business. Often the importance of cash flow and its impact on a company’s sustainability is not properly understood small businesses. In order to help you establish a healthy […]
