Professionals UK – Join TODAY For #Free

Professionals UK is a leading online portal for finding professional services and business networking. We uniquely provide an open platform for making new contacts and attracting service enquiries. There is the national website and eight regional websites, with international versions to launch soon.

We are one of the largest professional groups in the UK with over 20,000 members and over 10,000 in the North West region.

Our portal helps businesses and individuals find professional services and consultants through profiles of recommended and qualified professionals, articles and updates.

Enquiries can be made centrally to us to source the most suitable professionals / consultants for free.

Professional members benefit through attracting enquiries, accessing potential clients directly and making new contacts for referrals.

Features and benefits to join as a professional include:

  •  Attracting incoming enquiries from visitors and members
  •  Send introductory and group messages to members without being connected, without a limit on the number of people in a region
  • Posting updates and articles to the whole group and on the public website
  • Posting events, courses and seminars
  • Contents are regularly featured in newsletters

The public access the website as an informative means to find the most appropriate professional service through reading detailed profiles, articles and updates.

There are eight regional websites that are linked to the national website: Manchester, Cheshire, Chester, Lancashire, Liverpool, Leeds, Birmingham and London Professionals.

Join TODAY For FREE

http://www.professionalsuk.co.

t. 0330 002 0152

e. jmolloy@professionalsuk.co.uk

http://www.ManchesterProfessionals.co.uk

http://www.CheshireProfessionals.co.uk

http://www.LondonProfessionals.co.uk

http://www.LancashireProfessionals.co.uk

www.LiverpoolProfessionals.co.uk

http://www.LeedsProfessionals.co.uk

www.ChesterProfessionals.co.uk

http://www.birminghamprofessionals.co.uk

 

 

 

Happy #ValentinesDay2018

Wishing everyone a Very Happy #ValentinesDay2018

WE CAN BUILD YOUR BUSINESS

Small Business Support, Monthly Plan Websites, Digital Marketing, HR  & Cloud Accountancy  #MANCHESTER

A central resource to help Start-Ups and Small Businesses grow with confidence.

 We Can Build Your Business  #SmallBusinessSupport in Manchester can offer solid advice to small businesses. We are happy to help you  as we have a team of professional partners on hand who can make a difference to your business success.

TALK TO US TODAY

 e. hello@wecanbuildyourbusiness.com

 t. 0330 133 0092

www.wecanbuildyourbusiness.com

 

 

 

 

The #BankReferralScheme – Why it Can Do More For Small Businesses

Around 68% of #SmallBusiness owners claim securing funding for their venture is the biggest hurdle they face before launch. Many are rejected by the first few financial institutions they approach and are forced to look at alternative means to raise funds for the venture. The #BankReferralsScheme was initiated in 2016 to help business owners gain sufficient financial assistance from established institutions after they’ve been rejected by other banks. Experts in this field believe this scheme is a step in the right direction but it doesn’t go far enough to help.

The Bank Referral Scheme has a number of flaws and concerns that need to be addressed in order for the system to be friendlier and more effective. Here are some of the most pressing concerns regarding the system:

1. Referral after rejection

Under the current scheme, the businesses are referred to an alternative lender only after they have been rejected by more traditional financial institutions. This is a waste of time and encourages the idea that alternative finance is the last resort instead of a good option to traditional finance. This also limits exposure and awareness of alternative finance options and creates a barrier between small business owners and institutions.

2. Inefficient tracking

This scheme isn’t sufficiently tracked by the government and no tracking information is provided to the target audience. Business owners want monthly reports on the success of the scheme. They want information regarding the number of people referred by the system and how well they fit the purpose of the plan. Business owners also want to know how user-friendly and convenient this system is because the online marketplace can be quite intimidating and overwhelming.

3. No advice and support

One of the biggest problems with this deal is the lack of support offered to business owners. In traditional options, they can call customer service for assistance and more information on the financial products available to them. The Bank Referral Scheme offers a wide range of choices with little support and advice on how to choose the best option. This system relies on algorithms and automated programs to direct business owners to lenders, which isn’t as nuanced and developed as human perception. Many healthy businesses slip through the cracks because the system can’t identify them or doesn’t pair them with the right lenders.

4. Still dependent on banking systems

This scheme aims to provide an alternative to bank loans but there are still several similarities with the banking system and considerable reliance on banks. As the scheme isn’t truly independent, there’s a chance that certain financial products will gain more prominence than others. Traditional banking systems are already accused of pushing products that aren’t suitable or beneficial to customers. This scheme runs the risk of going down the same line.

The current system isn’t refined enough to draw much attention from prospective entrepreneurs. It needs to be developed further in order to be considered a viable alternative to traditional banking systems.

If you would like more information on funding options for small businesses, please do not hesitate to contact us. We Can Build Your Business  #SmallBusinessSupport in Manchester can offer solid advice to small businesses. We are happy to help you  as we have a team of professional partners on hand who can make a difference to your business success.

TALK TO US TODAY

 e. hello@wecanbuildyourbusiness.com

 t. 0330 133 0092

www.wecanbuildyourbusiness.com

6 Helpful Strategies to Manage Your #SmallBusiness Finances

Every business large or small, is always concerned about one thing –#ManagingMoney. Good financial management is so very crucial to surviving a volatile economy and the industry competition. Small businesses, especially, need to be extremely careful with their financial decisions from the very beginning. It takes more than just a good idea to run a business. Every business needs a financial structure that generates a profit to stay credible. #Entrepreneurs need to be equipped with good money management abilities to turn their new business venture into a success story.

At #WeCanBuildYourBusiness, we always encourage our clients to be on top of their finances and manage them effectively.

Here are 6 strategies that can work well for you:

1. Educate Yourself 
One of the first things that you should do is educate yourself about the various aspects of finance. For starters, learn how to read financial statements. This is one important statement that tells you all about your #money – where it originated from, how many hands it changed, and where it is. Financial statements contain four essential details –  cash flow statement, income statement, balance sheet, and statement of shareholders’ equity. The cash flow statement analyses operating activities, investments, and financial in/outflow. The balance sheet provides information related to the company’s assets, liabilities and shareholder’s equity. The income statement reflects the revenue earned within a specific period of time. Shareholder’s equity represents the amount by which the company is financed through common and preferred shares.#
2. Separate Personal and Business Finances
Always keep your personal and business finances separate. This entails getting a business credit card and putting all related expenses on it. This should help you track your outlays and keep you in control. You will also do well in opening a savings account dedicated to your business, wherein you can transfer a certain amount of money from each payment that you receive and gradually build a considerable corpus. You can use this money to pay taxes.
3. Cut Costs
It is important that entrepreneurs stay thrifty and tightfisted to keep their expenses in check without jeopordising customer satisfaction. This, especially, holds true for small businesses. Every business endures two types of costs – fixed and variable. While fixed costs have to be borne irrespective of whether your business is making money or not, there is always ways in which you can save on variable costs.
For example, instead of buying costly branded software, you could work with free, cloud-based, open-source software, which is equally good. Conduct free online calls, video conferences instead of travelling lost distances. You could also try bartering your services with other professionals and cut costs.
4. Invest in Cloud-based Accounting Software
While you can definitely download regular accounting software to manage your finances, it will never give you the kind of convenience cloud-based accounting software can. Web-based software provides you with real-time insights as most allow you to store, update, track, and access data from anywhere at any time. Whether you’re at home, office or are travelling, you can conveniently work with your data from anywhere you like. It is error-free, hassle-free and dependable.
5. Monitor and Measure Performance
It is crucial that you, as a business owner, keep tabs on the movement of your money, especially when large amounts are involved. Keep looking at your company’s financial performance in comparison to the past financial statements to project your future revenue, expenses and cash flow. Being aware of these aspects will help you make informed decisions for your business.
6. Hire Professional Help
Everyone needs help, especially a budding entrepreneur interested in making a huge success of their venture. Sometimes, it most definitely pays to engage the services of an expert, even if it is on a part-time basis. They can help you determine where your business is, where it is heading by using and analysing your data. However we would always recommend that you hire somebody who is accredited and trustworthy. Whether it is tax planning for the next financial year, or payment for the current year, their expertise can go a long way in guiding you and assuring that you have total peace of mind.
While owning and running your own business can be exciting, it can also be extremely nerve-wracking, especially when it comes to handling finances in a lucrative manner. Don’t let your business suffer due to poor money management. Keep the above tips in mind and give your venture a bright future.

If you want to know more about managing your finances for small businesses, please do not hesitate to contact us. We Can Build Your Business  #SmallBusinessSupport in Manchester can offer solid advice to small businesses. We are happy to help you  as we have a team of professional partners on hand who can make a difference to your business success.

TALK TO US TODAY

 e. hello@wecanbuildyourbusiness.com

 t. 0330 133 0092

www.wecanbuildyourbusiness.com

Home Office to assess #EU workers – How will #BREXIT effect Your Business?

Our Home secretary #AmberRudd insists small businesses “will continue to attract” skilled foreign workers after the UK leaves the #EU.

Ms Rudd reassured businesses there will be a transitional period when it comes to employing foreign workers in the UK after Brexit.From March 2019, EU workers moving to the UK will have to register until a permanent post-Brexit immigration policy is implemented.

The home secretary has commissioned the migration advisory committee to consider the economic impact of EU workers in a bid to shape an evidence-based future migration policy.

Mike Cherry, chairman at the Federation of Small Businesses, said : “Skills and labour from the EU play an important role in many small businesses, with 1 in 5 small employers having EU workers.”The migration advisory committee needs to engage with the small business community to address the concerns of small employers and the self-employed.”

However, the Confederation of Business Industry (CBI) said businesses “urgently” need to know what any transitional period would look like after Brexit.

Josh Hardie, deputy director-general at the CBI, added :”Given the importance of mobile skills and labour for the UK economy, firms will want the review to move at pace and include the views of all sectors.”

If you want to know more about how #BREXIT will effect you business,  please do not hesitate to contact us. We Can Build Your Business  #smallbusinesssupport in Manchester can offer solid advice to small businesses. We are happy to help you  as we have a team of professional partners on hand who can make a difference to your business success.

TALK TO US TODAY

 e. hello@wecanbuildyourbusiness.com

 t. 0330 133 0092

www.wecanbuildyourbusiness.com

Happy Easter Holidays

PUT YOURSELF AHEAD OF YOUR COMPETITORS WITH SIMPLE, EFFECTIVE BUSINESS SOLUTIONS

Here are some areas where we may be able to assist you:
  • Monthly Plan Websites -From £25 Per Month Low Sep Up
  • Social Media & Digital Marketing – 15 Per Hour
  • Branding & Logo Packages – From £49
  • Digital Marketing Packages – From £45 Per Month
  • CRM’s – From £25 Per Month
  • Cloud Accountancy Packages -From £59 Per Month
  • Cloud Accountancy Software – From £13 Per Month
  • Empresa HR A Powerful HR Software Solution, more than a product, a true partnership. Includes hosting, support and upgrades – From £25 per month
  • Telecom – Business Line Rental £12.99 Per Month, Broadband from £7.99 Per Month All Calls (Landlines & Mobiles)  £10 Per Month
  • & Much More……………..

If you want more information, help or advise on any of the above, please do not hesitate to contact us. #WeCanBuildYourBusiness in #Manchester can offer solid advice to help small businesses grow confidently.

TALK TO US TODAY. We have a team of dedicated professionals who are happy to assist you.

 e. hello@wecanbuildyourbusiness.com

 t. 0330 133 0092

www.wecanbuildyourbusiness.com

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Follow us on Twitter https://twitter.com/wcbyb

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Like us on Facebook https://www.facebook.com/wecanbuildyourbusiness/

 

 

Submitting Your Tax Return Late – 10 of the Worst Excuses

As we approach the end of January and the festive Season is truly behind us there is one less excuse for failing to submit your online tax return on time.

If you decide to leave it until after midnight on 31 January  you will be hit with a hefty fine and if you keep delaying, additional penalties can reach up to £1,600.

HM Revenue and Customs has released its annual list of the 10 worst excuses people have given for filing or paying their tax return late. Unsurprisingly, none of these led to a successful appeal.

  • My pet dog ate my tax return…and all the reminders.
  • I was up a mountain in Wales, and couldn’t find a post box or get an internet signal.
  • I fell in with the wrong crowd.
  • I’ve been travelling the world, trying to escape from a foreign intelligence agency.
  • Barack Obama is in charge of my finances.
  • I’ve been busy looking after a flock of escaped parrots and some fox cubs.
  • A work colleague borrowed my tax return, to photocopy it, and didn’t give it back.
  • I live in a camper van in a supermarket car park.
  • My girlfriend’s pregnant.
  • I was in Australia.

You need a reasonable excuse! 

I know  some of the above excuses are hard to believe and may seem a bit far fetched but the reality is that if you miss the deadline you will most certainly face penalties. You can however appeal to HMRC against some penalties as long as you have a “reasonable excuse” for filing or paying late.

To send an online tax return you must be registered for HMRC online services and that involves getting an “activation code” by post, which will take a few days to arrive. So if you haven’t already got one, register as soon as possible at  online.hmrc.gov.uk/registration/individual.

Don’t le this be you………. Be organised and file your return on time! If you require any help or guidance on any tax related issues  you have then please contact us today.

We have a team of dedicated professionals who are happy to assist you.

 e. hello@wecanbuildyourbusiness.com

 t. 0330 133 0092

www.wecanbuildyourbusiness.com

 

Your #NewYear Business Health Check

With #BREXIT, the weak pound and even more future uncertainly, 2017 is going to be somewhat of a challenge for many businesses. So we ask……Is your business performing to full capacity and maximising every opportunity available or could it be improved so it can stand out from the crowd and be ahead of competitors?

Here are some NEW YEAR Health Check Tips you may find useful

  • Does your Logo, Branding or Website require an update or refresh?
  • Is your Website Mobile Responsive and is your #SEO performing correctly?
  • Are you  running regular Marketing Campaigns and making the most of your Social Media Platforms?
  • Is your CRM up to date and are you communicating regularly with all your Prospects, Customers and Suppliers?
  • Do you have up to date  USP’s to ensure you are  better than your competitors and attracting new customers?
  • Are you using KPI’s to measure Key Business Objectives?
  • Are you reviewing your Suppliers on a regular basis to ensure you are not paying more than you actually need to?
  • HR – Are you up to date with all aspects of Employment Law and new HR Policies and Procedures?
  • Are you making use of more affordable Simple Cloud Based Business Solutions?

It is very easy to carry on running your business the way you always have and not take the  time to actually sit back, evaluate and make changes. We have detailed some points above which may have been overlooked so as we  start a another New Year it may an idea to take stock and give your business a refresh

Here are some areas where we may be able to help 

  • Monthly Plan Websites From £35 Per Month – Low Set Up Fee
  • Includes Design, Hosting & SEO
  • Branding & Logo Packages – From £99
  • Digital Marketing Packages From £45 Per Month
  • Cloud Accountancy Packages From £59 Per Month
  • Empresa HR A powerful HR software solution, more than a product, a true partnership. Includes hosting, support and upgrades – From £25 per month
  • Telecom – Business Line Rental £12.99 Per Month, Broadband from £7.99 Per Month- All Calls (Landlines & Mobiles) – £10 Per Month
  • & Much More……………..

If you require any help or advise on any of the above,  please do not hesitate to contact us. We Can Build Your Business  #smallbusinesssupport in Manchester can offer solid advice to small businesses. We are happy to help you  as we have a team of professional partners on hand who can make a difference to your business success.

TALK TO US TODAY

 e. hello@wecanbuildyourbusiness.com

 t. 0330 133 0092

 

 

The Benefits of Cloud Accounting

It’s time for Businesses to embrace the CLOUD

A  modern, cost effective solution for Start-Ups and Small Enterprises.

Unless you have been living under a rock or existing on another planet,  you probably know what cloud computing is or at least you may have used it at some point in time. Cloud has seamlessly melded into our everyday lives, making things easier for us. Whenever you access your email, online documents, or even your bank account, you’re using cloud computing. But that’s just brushing the surface.

Cloud computing has a lot of potential and that’s readily apparent in the latest accounting services. We Can Build Your Business always recommends that clients use cloud accounting in Manchester instead of the normal accounting software. Here are some reasons why:

  • Access-One of the biggest advantages of  #cloudaccounting is ease of access. You can access your data at any time, from anywhere, and through almost all devices. The information is stored in Cloud, so you don’t need to physically access a computer or be connected to a particular network to look at it. All you need is internet and you’re good to go. This gives you and your employees the flexibility to work from any location and at any time. That can benefit a business.
  • Expense- Most companies that provide cloud accounting offer different packages. You can choose a package according to the needs of your business. So, no matter what kind of budget you may have, you would be able to engage a cloud accounting service for your company. Such services would help you manage your finances easily & can be quite affordable. You won’t have to invest in hardware and software; you can just subscribe to the service and pay a monthly fee to get the job done.
  • Scalability-One of the best aspects of these services is that they can grow with your business. You do not need to invest in new servers, software, and hardware, etc, to process bigger amounts of data. If you need more storage space and a higher level of service, all you need to do is upgrade your package. You do not need to hesitate while expanding your business. Cloud accounting services will allow you to increase the capacity without too much investment.
  • Backup and Security- Your accounts and financial information are an important aspect of your business. You want to keep that information secure and cloud accounting in Manchester is the best way to do that. If you store your data on your commercial property, it’s more vulnerable. If anything happens to the server, you’ll lose all of that information. Accounting services will back up your data and keep it in a secure location. The access to this information is controlled with heavy encryption. You won’t have to worry about unauthorized people accessing it.

More on what Cloud Accounting can offer you.

  • An affordable fixed monthly cost, so no hidden charges or unexpected “big one off bills”.
  • SIMPLE & EASY to use and can be customised to your individual requirements.
  • Online expertise with off line support and guidance available.
  • You can get up to date financial information 24 hours per day 365 days per year.
  • You can keep track of income, outgoings, expenses and financial reports as all your records are stored securely on the Cloud.
  • You can issue invoices and expenses on the move. (If you download the Application onto your tablet or i-Phone.)
  • You can take control of your business and put yourself ahead of your competitors.

It’s Easy to SWITCH....Forget any worries you may have about switching. Even if your accounts are a year or more behind, “switching is very simple.” Your dedicated account manager will collect all information from your existing accountant and enter onto the cloud online software system for you.

We work with :

Xero,  FreeAgent,  Kashflow  & Quickbooks

If you need more information about our cloud accounting in Manchester services for small businesses, please do not hesitate to contact us.

TALK TO US TODAY. We have a team of dedicated professionals who are happy to assist you.

 e. hello@wecanbuildyourbusiness.com

 t. 0330 133 0092

www.wecanbuildyourbusiness.com

Business Start-Ups…Should You be a Sole Trader or a Limited Company?

If you are thinking of starting a new business then you may be wondering if you should be a #sole trader or a #limited company.

So what are the differences?
Here we look at both methods in more detail to understand the pros and cons of both.

According to the British Chamber of Commerce there are over 3.6 million people making a living from sole trading, which most certainly tells us how popular it is. Conducting your business this way is a viable easy option and it can be much more convenient. There are no set up fees, only one self-assessment tax return to file each year and it is easier to keep track of your finances and setting money aside for taxes.

It all sounds well and good but unfortunately there is one big catch…. A sole trader is not recognised as a registered business therefore any capital you put into the business is not protected by government laws. Personal assets such as your house or car could be at risk if your business fails and you are left with debts to clear. Limited companies do not have the same risk as they are seen as a separate entity to your personal finances and if things do go wrong then you will not be personally liable.

Which companies benefit the most form being limited?

When looking at which companies benefit the most from being limited, it really all comes down to how much money your business is making. Most businesses won’t benefit from the perks of incorporating until they are showing profits of around £25,000 a year. This is mainly due to the introduction of registration fees and corporation tax when a company is incorporated. Once these are deducted from your annual income, you could be left with very little.

However, for companies beginning to turn larger profits, forming a limited company can actually be more cost efficient. Tax reliefs are available on business expenses, so if you have paid for things like, equipment, machinery or uniforms then they are usually exempt from corporation tax. For small businesses producing profits of less than £300,000 a year, this can mean significant savings, especially if you pay your shareholders in tax-free dividends. If you are in doubt over the classification of an expense, then it is worth asking an accountant for their advice.

How will I know when to incorporate?

There isn’t really a definitive answer to this question, but you can usually work this out by considering the above factors. Firstly, you need to consider your liability. Are you largely funding the company yourself? Do you stand to lose a significant chunk of this money if something goes wrong? Because this risk is so high if you are a sole trader, many businesses choose to go limited, even if they are not actually achieving large profits. For example, if you are running a company which involves the general public and one of your customers is injured then you could become liable for any legal claims. Although you can take out insurance policies to minimise the risk, one small mistake or misread clause in the paperwork could leave you vulnerable.
The main thing to remember is that you can incorporate at any time. If you begin to worry about the security of your finances, then going limited might be the right step to take.

For more help and advice on how to grow your business successfully TALK TO US TODAY.

We have a team of dedicated professionals who are happy to assist you.

 e. hello@wecanbuildyourbusiness.com

 t. 0330 133 0092

www.wecanbuildyourbusiness.com