Are you and your team spending too much time on admin and paperwork? The average UK small business owner spends 16 hours a week on admin, 4 hours on regulatory matters and only 8 hours on actual business development. That’s far from being an efficient way to use your resources.
Running a business requires a large amount of record-keeping, administration and data entry. But do your people really need to spend so much of their week coping with keying in numbers and dealing with incoming paperwork?
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The short answer is no: with modern cloud software you can drastically cut down the time you spend on this essential admin. And the combination of Xero online accounting software and the Receipt Bank plug-in are a perfect way to save time, cut costs and reduce that paperwork.
An effective tax plan will ensure that you pay the right amount of tax and remain compliant with the latest HMRC rules and regulations.
Taking a progressive approach to your businesses tax spending should be an integral part of your wider strategic plan – find out more about our efficient tax planning sessions.
When you’re running a business, you expect to get paid on time by your customers. There’s a professional expectation when you send out your invoice that it will get paid in line with your payment terms.
But the reality of the situation is not quite so idyllic.
It’s not uncommon to end up with a long list of unpaid invoices. And when you don’t get paid on time, this has a negative impact on the future health of your business.
Time waits for no-one. And, when you’re running a business, time is a precious commodity that you need to manage carefully and productively.
So if you’re wondering where all the time goes, and how you’re going to deliver all the work that’s required to the deadline, read on…we have some great news.
