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Contractors

The ins and outs of management accounts for small businesses

Leave a Comment / Accounting and Company Tax, Contractors, Uncategorised

Financial management is one key area that can make or break your success as a small business owner (see also our blog on cashflow forecasting). While most business owners focus on yearly financial statements for tax purposes, management accounts provide insights into your day-to-day and month-to-month performance. To make management accounts work for you, you’ll […]

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A guide to remortgaging for freelancers, contractors, and the self-employed

Leave a Comment / Contractors, Freelancers, Self Employed, Uncategorised

Individuals with non-traditional job statuses often encounter unequal treatment from lenders because of their unconventional income sources, and it’s unfair. For freelancers, independent contractors, and the self-employed, gaining a mortgage and remortgaging might seem more complex due to the lack of a typical income stream. Nonetheless, there are mortgage options that can be customised to

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Is cashflow forecasting beneficial to small businesses and contractors?

Leave a Comment / Cashflow, Contractors, Small Business, Uncategorised

The financial process known as ‘cash projection’ or ‘cashflow forecasting’ entails estimating forthcoming cash coming in and going out during a set timeframe. While essential for businesses across the board, is it especially advantageous for small businesses and contractors? There are benefits and possible hurdles of cash projection for these demographics. Determining its viability for

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