A recent YouGov poll of 5,000 self-employed people and freelancers revealed that 3 out of 4 of them don’t claim all their expenses and nearly 20% claim less than half or none at all!
We are thrilled to announce that Tyrrell & Company have been selected by Receipt Bank as a launch partner for their innovative expenses app 1Tap Receipts, designed especially for UK Sole Traders.
At Tyrrell and Company, we’ve always put sound, insightful business advice right at the heart of our client relationships. It’s in the DNA of the firm. And we’ve always dreamed of having a software system that could deliver the quality numbers and data needed to deliver truly first-rate reporting, forecasting and guidance to our client base of ambitious business owners. So you can imagine how blown away we were when we first saw how Xero online accounting software could deliver on this long-held dream.
Bad cash flow = bad news. And one of the biggest reasons for poor cash flow is customers not paying their invoices on time. So, how do you combat the potentially negative impact of outstanding invoices and get back in control of your payments and cash flow?
The key lies in some strategic use of technology, and a lot of thought about your internal processes and customer relationships.
If you see your advisers once a quarter – or worse still, once a year – then you don’t have the right kind of depth to your advisory relationship.
You need more frequent contact and a more productive working relationship with your accountant. By meeting and talking regularly makes a big difference between a ‘traditional accountant’ and a ‘modern cloud-based accountant’ – a good, 21st-century accountant is a trusted business adviser, not a dull bookkeeper.