Finance tips for small business owners

  • Do it regularly.  Don’t leave looking at your accounts until your tax return is due.  Have a look at them on a weekly basis, so that you can keep on top of where your money has gone, and what has come in.
  • Use a system.  With the changes coming in 2019 for people who hit the VAT threshold having to submit their tax returns quartely through a digital method, now is a great time to consider using a system designed to look after your accounts.  There are many low cost options out there, and these will allow your bank transactions to feed through automatically, upload your receipts and file your returns for you.
  • Keep your receipts in a safe place.  Have a special wallet/ envelope in your bag that your business receipts go straight into.  Also keep a folder in your emails or cloud drive to save any digital receipts into.  That way you only have a couple of places to look.
  • Keep all your login details safe somewhere so that you can access your HMRC account whenever you need.  You will have a Unique Taxpayers Reference Number (UTR), and if you are a limited company, you will have a company number along with many more pieces of information that you will need at some point.
  • Know the deadlines.  Nothing worse than finding out that you need to submit and pay something with no notice.  Keep up to date with deadlines (all can be found on HMRC website)
  • Be aware of what you can claim.  Don’t miss out on putting legitimate business expenses through your accounts.
  •  ]]>


    Please enter your name.
    Please enter a valid email address.
    Something went wrong. Please check your entries and try again.

    Let's do this together xx

    MEET SALLY ODDYBusiness, Marketing & Mindset Mentor

    Sally works with soulpreneurs, pouring over 20 years experience into their hearts, minds and businesses.

    Passionate about living life on purpose, Sally is all about honouring and accepting the fullness of self.

    In-powering her clients to experience life in beautiful, bold, expansive ways is how they create and attract abundance and success into their lives.

    Guiding her clients to dive deeply into their vision and mission, Sally shares her aligned approach to building online businesses that have a deeply positive impact in the world.

    Sally is a Yorkshire Lass who grew up in 80's South Africa and is on a mission to inspire you to fulfil your dreams and potential in order to create a more in-powered and happy world.

    Find out about how to work with Sally privately in her unique Mentorships or in a supportive group setting in The Soulpreneur Success Hub Monthly Membership


    If you're an established online business owner who knows a few tweaks and focus will get you headed in the right direction...[BUT YOU'VE EITHER NEVER WORKED WITH A BUSINESS MENTOR BEFORE SO ARE UNSURE IF IT'S FOR YOU, OR YOU'VE BEEN BURNED WITH A BAD EXPERIENCE AND WANT TO TEST THE WATERS]

    I invite you to book a 30 Minute 'Plan Of Action Session'Here's what happens during a POA Session...

    • Look at your niche, programs and price points to see what's possible for you in the next 90 days
    • Assess your current marketing, sales and delivery systems to uncover the #1 thing that's been holding you and your business back
    • Develop a 3-step action plan to get you unstuck, levelled-up and moving forward
    • You'll leave clear, confident and excited to take your coaching business to the next level