5 Small Business Tax Tips

*Collaborative post.

It is the start of the new year and it is a great time to get finances ready. If you are a small business owner, it is super important to stay on top of your money as this will allow you run your business more smoothly. Staying on top of your business finances also helps when it comes to sorting out the business tax. Once you are on top of your money, your will most likely find the tax season stress-free. If you are wondering how to stay on top of your small business tax, here are 5 small business tax tips you may find handy –

(Note – these tips are for informational purposes only and not a substitute for professional accounting advice)

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5 Small Business Tax Tips

Keep accurate records

It can be tricky to stay on top of finances especially when the business is really but it is important to ensure you keep accurate records. Once you have accurate records, the whole tax season will be less stressful as you will have the records ready which will ensure you pay the right tax quickly.

Hire a qualified accountant

The best way to have a stress-free tax season is to hire a qualified accountant if you can afford to. A quick online search will bring lots of results for qualified accountants in your area. You could also ask around for a recommendation. It is important you hire ac competent and qualified accountant, so do check certifications before you hire.

For instance, if you are thinking of checking accountancy membership organisations UK to find qualified accountants, ICPA is one to check. Qualified accountants are usually part of a membership organisation for accountants in practice in the UK, so it is worth checking to see if the accountant you are thinking of hiring is part of a membership organisation.

Start early

I am an early bird and I like to do certain things quickly. Filing the tax returns early means you don’t have to deal with the crazy last minute rush. It also means you don’t get any surprise last minute tax bill. Once you file your tax returns early, you can conveniently spread the payments for your tax bill and that alone takes the pressure off.

Use an accounting software

If you can afford it, use an accounting software to keep accurate records, provide accurate information, and help minimise errors. A simple spreadsheet can do the work for you but for an easier and faster experience, go for a quality accounting software.

Set money aside for your tax bill

This sounds like common sense but the truth is it is easier said than done. Have some money saved up for the tax bill definitely helps and takes the pressure off. If possible, put some money aside every month towards the tax bill.

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Are you a small business owner? What do you think of these tips? What is your number one small business tax tip? Please sound off in the comments section, let’s chat. Thanks for stopping by.

 

Why Blogging is Important for Business

Having a blog on your website as a business owner is essential in the current times we are in. Gone are the days of doing everything offline. It is important to have a blog for your business regardless of the type of business you have. Blogging is a critical element to any business and if you want to keep up with the times we are in, you need an online presence for your business.

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Here are some of the reasons why blogging is super important for any business:

Blogs allow you to attract new customers

Blogs are excellent marketing tools you can use to attract new customers to your business. If done properly using SEO techniques, you can quickly grow your business just by blogging. It amazes me how many business owners overlook this fab marketing tip. Having a business website without a blog is a poor marketing technique. Blogs allow businesses to gain visibility online which usually leads to more customers. To make the most of the digital marketing platform, you need a great hostgator website builder to create the right look for your business.

Blogs help you keep your customers engaged

As a business owner, you want your customers to remember the products/services you offer. There’s competition everywhere and you need to ensure your business stands out from the rest. You can easily do this with a well-optimised blog. Keeping your customers engaged can be done through sharing content that relates to the industry you are in and the products/services you offer.

You can share useful content

Having a blog allows you to share useful content that would increase your visibility on search engines and benefit your readers/followers. There is always new information to share in any niche/industry, which means a blog can never run out of useful content to share.

Make money from your blog

Your blog can also generate separate income for you outside of your regular business. The more you share quality posts, the more your blog would grow, and that means more money for your business.

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The benefits of having a blog as a business owner are endless. It is super important to have a blog alongside your business website. Having said that, I know it can be tricky to run a successful blog alongside your business when writing is not your thing. This is where the copywriters like myself come in. All you need to do is to hire a freelance copywriter and let them handle the blogging side of things while you focus on the business. Do get in touch if you need a professional copywriter. You can grab my contact details here.

 

4 Ways To Get The Word Out About Your New Product

*Collaborative post.

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It’s exciting when it’s time to finally roll out and release a new product at your company. However, it can also be a tough job and might make you a bit nervous to do if there’s a lot of pressure to have your launch be a success.

It’s important that you focus on marketing and advertising so that you are able to get your product in front of the right people at the right time. The following are four ways to get the word out about your new product so that consumers know about it and want to own it.

1. Network Online & Offline

One way to get the word out about your new product is to network both online and offline. Attend or sponsor local events, speak at conferences, and update your online profiles. Come up with an elevator speech to carefully and concisely share about the item you’re selling and focus on delivering a consistent and informative message in each interaction. Use a mix of channels such as in-person conversations as well as social media and your business blog to spread the news.

2. Host Sneak Peek & Hands-on Events

Get the word out about your new product by hosting a sneak peek event for a select group of people. You can’t forget about the in-store experience and what this can bring to you ensuring people know about what you’re selling. Consider working with a sampling agency that can help you out in this area and make certain that you can achieve an impressive ROI and build trust with consumers as well as get them to convert into paying and loyal customers. Get your product in the hands of consumers so they start doing the talking for you.

3. Send A Newsletter

Email marketing is yet another option and channel to consider when you want to get the word out about your new product. Build your email list and send out an update through a newsletter to your past, present, and potential customers to let them know what you’re up to and the reasons to check out what you’re selling now. Make sure you include a catchy header and subject line and that you list out the most important points such as the benefits of the product and why they should consider looking into your new product further. Plan your email accordingly because you don’t want to overstuff their inboxes or have them miss out on this announcement.

4. Update Your Website

Not only build a website for your business but then use your site to your advantage. Get the word out about your new product by placing more information online. Focus on applying SEO best practices and make it easy for users to purchase the product if they’re interested in doing so. Updating your website is an opportunity to appear higher in search results, explain more about your release, and share pricing details and feedback from other customers. It’s also a good idea to publish an update about your new product through your blog for those who like to keep up to speed with your company’s latest innovations and product releases. 

 





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