During periods of economic downturn businesses often look to cut costs to weather the storm. This is a sound strategy, and there are many different costs that you can reduce to make sure that you are streamlining your business sustainably, but it is key that you cut costs intelligently to ensure that you’re still able…
Making the next big step for your business is an exciting time, but securing funding can prove to be difficult and frustrating. There are myriad requirements for a successful application and navigating the process is often daunting. We’ve prepared this advice to make sure your application gets off to a strong start. The key is…
With the world more online than ever before, there is a pervasive attitude that we must be constantly available to our jobs, and many workers risk their work life balance shifting too far in favour of work. This can be the cause of considerable stress which, in addition to being harmful on its own, brings…
Online presence has never been so important in business, as potential customers will get first impressions of your business and decide whether you are the right choice for them. You will want your business to be showcased properly online, and an important element of this is online reviews. If your existing customers post their experience…
If your occupation involves a lot of driving, depending on if you are self-employed or provided with mileage allowance payments by your employer, it is important to keep a mileage log. You can do this in a way that suits you, but you must record trips that involve business engagements. You will be able to…
Outsourcing financial tasks has become common for businesses in order to improve their efficiency, reduce costs and provide access to expertise that the business owner or employees may not have, leaving more time for the business owner to do what they do best, running their business. Regardless of whether you need assistance with bookkeeping, payroll,…
If you are just starting out and are in the process of launching a new business, budgeting correctly is one of the most important steps you can take to help you prepare for these initial stages. You can monitor and control your finances according to the budget you have set, and you can plan accordingly…
Management accounts are a financial report that help you to assess your businesses financial position and draw your own conclusions. They are usually produced on a monthly or quarterly basis, so that you can compare them to previous accounts and track your progress against forecast figures. Management accounts will be completely unique to your business,…
With the end of the year approaching, you will be wary of the deadline for completing your self-assessment tax returns. There’s no need to panic, as you still have until 31st January to submit your returns for the previous tax year if filing online. This can be a time-consuming process, so it’s worth knowing the…
As a small business, it can be difficult to manage the finer details of your operation, but these remain important to operating successfully. At Omer & Company, we offer comprehensive Company Secretarial services to provide you with a registered office address, help keep your business organised and ensure that you are filing important information with…
