Navigating the world of business ownership can be a bit of a maze, especially when it comes to understanding the different labels and structures. Two terms that often cause confusion are “sole trader” and “self-employed.” While they are related, they are not exactly the same. This blog ‘Understanding the Difference Between Sole Trader and Self-Employed’ breaks down in simple terms to clear up any confusion.
Accounting
UK Economy Flatlines in April 2024
The UK economy saw no growth in April 2024, with particularly wet weather discouraging shoppers and slowing construction.
Official data from the Office for National Statistics (ONS) indicates that this outcome was anticipated, following robust growth from January to March which had pulled the economy out of a recession.
This failure to grow comes at a critical time, with the general election on 4th July looming, making the economy a key battleground for political parties.
The General Election 2024: What it Means for Your Small Business
The General Election 2024 is just around the corner, and it’s more than just a national event; it’s a pivotal moment for small businesses across the UK.
As we brace for the potential changes and opportunities that come with a new government, it’s essential for small business owners to stay informed and prepared.
Bookkeeping basics: streamlining your financial records
Your business can be exciting as you get to do exactly what you want with your time. But you still have to keep up with the bookkeeping basics.
Practical steps to expand your business
Expansion is a critical decision that comes with its own set of challenges and opportunities. Accounts Direct explores the best practices to expand your business.
Preparing for the New Financial Year: A Checklist for SMEs
As the calendar pages turn and a new financial year looms on the horizon, it's time for small and medium-sized enterprises (SMEs) in Manchester and beyond to get their ducks in a row. Preparing for the new financial year isn't just about closing books and paying...
The power of management reports
Management reports are not just paperwork; they are the compass that guides your business towards its goals. We explain all you need to know.
Understanding Business Insurance: What Every SME Should Know
Today, we're diving into a topic that might not be as thrilling as your latest business venture, but it's just as crucial – business insurance. Think of it as the unsung hero, quietly safeguarding your hard work. Whether you're a fresh-faced start-up or a seasoned...
Strategic business planning: Your blueprint for success
Why is strategic business planning so important, and how can you create a plan that works for you? Accounts Direct explain all you need to know.
Boost Your Business: Effective Marketing Strategies for SMEs
Marketing is the megaphone that amplifies your business's voice, but where do you start? Let's dive into some effective marketing strategies tailor-made for SMEs, blending traditional wisdom with modern flair. 1. Know Your Audience Inside Out Your customers are the...
Navigating Business Loans: A Guide for First-Time Borrowers
Stepping into the world of business loans can be a bit like navigating Manchester's bustling city streets for the first time. There's a lot to take in, and the right direction might not always be clear. But just as you'd find your way to a hidden Northern Quarter gem,...
Breaking Down Budgeting: Simple Strategies for Small Enterprises
Picture this: you're in your favourite Manchester café, sipping on that perfectly brewed cuppa. Just as that brew is crucial for kickstarting your day, getting your budget right is essential for the health of your small business. But don't worry, it's not as daunting...