Are you thinking of ways to improve your cash flow? Having a positive cash flow is key to your business success. All in all, it amounts to controlling your expenditure and regulating your income. In this article, team4 looks at some of the most common cash flow problems you might...

A healthy cash flow is vital to your business so getting clients to pay on time is key. Your business, irrespective of size will struggle if your customers don’t pay their invoices promptly. To see the money rolling in on time, you will have to set systems in place, which...

Here are our suggestions for questions to ask your bookkeeper. Making sure your new bookkeeper is a good fit for your business is so important. But do you know what questions to ask your bookkeeper prior to using their services? The first place you will probably start is doing an...

Bookkeepers and accountants working in harmony? Does this happen in reality or is this pie in the sky? Many people aren’t really sure what a bookkeeper’s role is and what an accountant does. In the latest blog from team4, our aim is to clear up any confusion you may have....

An accounts department, sometimes referred to as the finance department provides accounting services and financial support to specific businesses. It can be internal or external and is responsible for a wide range of things. These include accounts payable and receivable, inventory, managing payroll, data input and credit control. In fact,...

Managing and maintaining finances is key to any business. This is true for start-ups, small companies, growing and established businesses and freelancers. In fact businesses of all sizes will benefit from using accounting software. The best method of managing and controlling the financial situation of your company is via this...

When you work for yourself, the last thing you want to do is to pay more tax than is necessary. The things you can claim for are termed allowable expenses and these can then be deducted from your turnover to work out how much tax you need to pay. Sounds...

The Construction Industry Scheme (CIS) is applicable to businesses involved in construction, both contractors and subcontractors. Other businesses are also affected that are not part of the construction industry but spend large amounts of money on constructions work. Special rules are outlined in the scheme for paying tax and making...

Is it really possible to be a bookkeeper and an entrepreneur at the same time? Bookkeepers are generally considered to be super nice people. It’s also a profession that women predominantly do, sometimes as a part time role, often working from home. It also tends to be associated with drinking...