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financial performance equals business success

Is financial performance enough to know if your business is doing well?

It is common knowledge that if you want to understand how a business is doing, you need to look at its financial statements. This is the go-to place for any investor or stakeholder interested in finding out how the business is performing. But does it tell the full picture? Are financial metrics enough, or do we need something more?

do i need an accountant

Do I need an accountant?

After starting a business, you may well be wondering if you require an accountant. However, you may not be sure what an accountant does and therefore wouldn’t know if they will benefit you. This article will go through some of the main reasons you would need an accountant and ways they can help your business propel forward.

strategic business plan

How to write a business plan

Having a well-thought business plan from the get-go will help you stay in course. It will ensure you stay motivated and push through as it will give you something to compare your performance by.

Having a clear vision of why you started your business in the first place and what goals you wanted to achieve will give you a much higher probability of reaching success.

Self Assessment Deadline – Are you a paper based filer?

For paper-based filers, the deadline for self-assessment falls on October 31st, 3 months earlier than the deadline for online filing. Avoid penalties and the stress of last minute filing, prepare ahead of time with EvoTax.

business funding planning

Business planning: How to fund a startup

You can not start and run a business without funding. It is advisable to start planning business funding at the very beginning to avoid uncomfortable surprises. In most cases, you will be injecting money into the business for a few months without seeing any revenue.

In this article, we are going to explore different avenues to get you started, to help you create an action plan for your business.

self-assessment tax returns

Tax 101: Self-assessment tax returns

If you are considering becoming self-employed or are required to submit a self-assessment tax return but have questions on how self-assessment tax returns work, then read on. In this article, we will explain all there is to know about tax assessment self returns.

how to startup online fitness coaching

Business planning: How to plan and set up a new online fitness business

The nationwide lockdown caused by COVID-19 impacted most businesses; the fitness industry was probably one of the last to open. About a year of closure forced this industry to rethink its business strategy, from physical gyms to a more virtual one.
We have created a step-by-step guide of how you can plan and set up your online fitness business. You can use this as a guide to help you step foot in the right direction.

how to startup digital agAency

Business planning: How to plan and set up a new digital marketing agency

Any business that starts today is not complete without an online presence. There are billions of people surfing the internet every day, and for any business, this would prove to be a gold mine if they conduct their digital marketing correctly.

Big brands that once dominated the high streets have slowly started closing their high street shops and setting up shop online. As a result, the experience we once had of high streets is no longer the same. Most of the time, you will find shops with a very small range of items, while their online stores would be fully stocked.

This trend is not only seen in the clothing industry, but in any industry, you can think of. For some service industries, you may need to be physically present, for example, a car wash, a barbershop, a beauty salon, or a cobbler. However, without them having some sort of presence online, there is a high probability that they will struggle. A business will go over to their competition who are present online and invests actively in their digital marketing.

startup cleaning agency

Business planning: How to plan and set up a new cleaning agency?

There couldn’t be a much better time to get into cleaning, than ever before. Every time there has been some sort of disruption to the health of the economy, new opportunities have revealed them selves.

Due to COVID-19 the world has become extremely contious of having a clean environment. Every single organisation public, or private was provided with cleaning guidelines by the government, and there were strict penalties if they werent being abided by. In some cases closure of the organisation, to ensure the spread of the virus remained to a minimum.

Cleaning business, has become front and centre of any organisation to function. Without such measures, the organisation simply can not operate.

These sort of measures are here to stay, and therefore a growth in demand for such services has spiked 10 folds.

If you have been thinking of opening a cleaning agency, you have come to the right place. We have carefully preapred this article to have you start thinking in the right direction. This article will serve as a point of reference, to which you can continously refer back to through out your new cleaning agency journey.

There are several different cleaning business structures, such as a franchise, one man band, agency, cleaning companies, etc.

We have chosen an ‘agency’ structure as we believe this is the most lucrative and cost effective. It may require a bit more work then lets say just acquiring a franchise, but in the long run you will reap the fruits.

Furthermore, there are various different types of cleaning specialiaties, ranging from commercial, domestic, window, carpet, oven, gutter, etc. However we believe cleaning buisness especially when starting is best to start from the good old routine house work: dusting, ironing, mopping, vaccuming, scrubbing, etc.

how to start an ecommerce business

Business planning: How to plan and set up a new eCommerce Business?

Have you ever wondered what it would be like to be your own boss, be in full control of your own future and, decide how much money you would like to earn?

If you have answered yes to the above questions, then you will find some really good insight in this article. In addition, you will be able to access information that will get you started in your new business venture in no time.

Internet today has changed our lives. We saw the power of it during worldwide lockdowns due to the pandemic. Even though non-essential items were prohibited from being sold, we still had access to essentials such as food, medicine, bottled water, etc. Without the internet, it would have been very difficult for the government to manage a country-wide lockdown.

It is the power of the internet that gave birth to eCommerce. Amazon, which started by selling only books on the internet, now sells pretty much anything you can think of. There are billions of people in this world, and with sophisticated logistic channels and the world wide web, you can be sitting in the UK but can sell to people in remote parts of China.

This may have you start thinking about the enormity of this kind of business and the amount of money you can generate. You may also be thinking that it sounds very complex and may require a huge amount of investment. Well, you’ll be glad to know if you understand the basics, you can soon be on your feet, and if you stick to our simple steps, you will be increasing your operations and your revenue in a blink of an eye.

restaurant startup

Business planning: How to plan and set up a new restaurant?

To run a successful restaurant, careful planning from the get-go is required. By reading this article, you have taken your first steps towards building a successful restaurant. In this article, you will explore some essential tips, which you can use as a reference when considering opening a restaurant.

business ideas post covid

6 best businesses to start post lockdown!

More people are setting out on a journey to being their own bosses after the COVID-19 lockdown. Are you one of those people who have been dreaming of starting a business but don’t know what would make you the most money? Here are our 6 best ideas for your next business adventure!

7 finance tips to increase restaurant profits

Top 7 finance tips to boost your restaurant profits!

There are various aspects of running a successful restaurant; however, having your finances in control is front and center of it all. Here is EvoTax’s top 7 finance tips to boost your restaurant’s profits.

strategic business plan

Why should you make a strategic business plan?

Business owners who take the time to create a strategic business plan report a sharp increase in profits and sales revenue than those who lack a strategic plan. In addition, the majority of our clients we surveyed believe that a well-written strategic plan helps them with focus and clarity. This resulted in their business performing at a very high level. 

seiss 5th grant

How to claim £7,500 in SEISS grant money?

HMRC aims to support self-employed individuals, including business partnerships, whose income has been dwindling due to Covid-19 through the Self-employment Income Support Scheme. The current, fifth and last SEISS grant is worth up to £7,500.

ev electric car tax benefits UK

7 benefits of purchasing an electric vehicle in 2021

The most tax-efficient vehicle you can purchase in 2021 will be an electric vehicle. The government has been relatively active in providing various incentives to business owners in purchasing an electric vehicle.

work from home

Working from home? You may be eligible for tax relief!

Many of us have been confined to our homes since the start of the pandemic. For most office jobs, this has become a new norm. With the advancement of technology, home working most likely will carry on for years to come.

EvoTax limited company tax advice

Top 5 perks of running a limited liability company

Any individual looking to start a business has to go through the confusing path of deciding which business model suits them best. There are various legal structures such as self-employed, limited company, partnership, limited liability partnership and the list goes on. So, in this article, we have made it easier for you to decide if running as a limited liability company is the best suitable business structure for you by listing the top five perks.

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We help small businesses and self-employed manage their accounts simply and effectively. By taking complete control of your accounts, we let you claim your freedom, ensuring you live life to the fullest. We will support you in all your business decisions allowing you to secure your financial freedom.

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