Tweak Your Biz » Finance

Technology is continuing to advance and it is benefiting businesses in many areas. There are tech advances in almost every industry, so it only makes sense to use these changes to upgrade your business. When your business is running more efficiently, you will have an increase in your productivity and profit. Here are nine of the tech upgrades you should consider investing in. #1. Switch to VoIP If you are still using traditional phone services, you should consider upgrading to a VoIP phone…

Businesses of all sizes and in virtually every industry sector have found some advantage to enabling members of their workforce to operate on a remote basis over the course of the past decade or so. By now the practice is hugely prevalent and a remote workforce is the norm for millions of professionals in the UK, across Europe and throughout much of the world. Despite all this, best practice policies in these areas are still far from being set in stone and many employers struggle to maximise…

This year, it’s crucial to start preparing your financial analysis now to attempt to avoid overpaying your taxes. There are several ways to improve your tax situation, but they require a bit of preparation and knowledge. Knowing about the latest deductions can help save your business a substantial amount of money, but it’s important you avoid shady methods of saving on your taxes and stick to legitimate small business financials. The IRS has sophisticated tools to detect fraud, and…

A business loan is designed uniquely to fund the operations and/or capital expenditures of a business. The injection of funds can help your business during periods of economic downturn and they can also be utilized to aid the growth of your business. What type of Business Loan suits your need? Do you want to start your own business? In this article learn how to apply for a business loan to help you kick-start your business.  Your business may have specific loan requirements, as such, we will…

Establishing and running your online business is one of the proven ways to be financially independent in the information age. Not only will you have the ability to participate in any industry or niche you prefer, online businesses are also generally cheaper to found than conventional brick-and-mortar businesses. However, this doesn’t mean handling your company’s finances will be easier as well. In fact, most online businesses continue to bleed money due to several reasons that are so…

You’ve had your Christmas party, the office secret Santa and even your family Christmas. By now, you’re probably sick of the sight of mince pies and are looking forward to the normality of January. New Year is a time to set your goals, and figure out how to achieve them. Unfortunately, as you well know, New Year also means tax bills for many UK businesses. We all dread that email from the accountant that signals the total bill and the small amount of time in which you have to pay. No matter…

If you have a definite vision about the direction you want your startup to take it’s sometimes a good idea to minimize investor influence. Nothing against investors but they’re investing to see a return. If they think they see a better, faster way to realize that return they may insist you abandon your vision and take it. To avoid that, you’ll likely need to bootstrap your business startup. But bootstrapping is no walk in the park either. What you need are proven ways to extend your cash…

With Britain’s deficit at record levels, the days of HMRC taking a softly-softly approach to late VAT payments are long gone. Strict VAT penalties are now enforced. Added to that, they are actively seeking additional revenue from a number of sectors and in particular are proposing to examine the hidden digital economy in more depth. The press has tended to concentrate on HMRC’s focus on eBay and Amazon sellers, but that’s not their main area of interest – for a start, they have already…

Investors have a wide range of trading options to choose from. Some prefer short term trading options, while others prefer to play the waiting game and make larger profits by undertaking long term trading strategies. Trading can be split into three distinct categories. These include short term, medium term and long term trading. Short term trading usually refers to trading that lasts up to a few weeks. Medium term trading lasts for a few weeks to a few months. Finally, long term trading…

To make it as a small business, you need to have incredible guts, ambition, and self-belief. Let’s face it — we can all imagine that conversation with the bank manager that goes something along the lines of “we’re planning to double our profits next year, so you’d be crazy not to invest in our dream!” Getting initial investment in your business is only the first hurdle. Once the initial start-up phase is over and you’re looking to scale and grow, you might need further funds to…