Recently at Tandem we took over the bookkeeping for a limited company who had previously employed an internal bookkeeper for over 20 years. The accounts were in great shape and up-to date. However, the accounts were in Excel only and were sent to the accountants annually for end of year accounts. I have to say, […]
Case Study: Replacing old spreadsheets with digital bookkeeping Read More »
Most business owners know they should look at their financial reports… but let’s be honest, many don’t. Not because they don’t care, but because the reports feel confusing, overwhelming, or just plain boring. The truth? You don’t need to understand all the reports. You just need to understand the right five financial reports. These are
The 5 Financial Reports Every Business Owner Should Read Read More »
Running a small business means wearing a lot of hats. You’re the marketer, the salesperson, the customer service team… and somehow, you’re also supposed to be the finance department. Whether you are a Sole Trader or a Limited company that’s where a bookkeeper can make a difference to your business. Wondering what a bookkeeper does?
What a Bookkeeper Does and Why Small Businesses Love It Read More »
It is worth considering as to whether our businesses have instigated a business strategy! At the outset of starting a business most owners would have developed a business strategy, probably without even knowing it! What is Strategy? The term Strategy is originally a military imperative to succeed against the enemy in battle. The first uses
The Importance of Business Strategy Read More »
A few weeks ago, our Prime Minister has backed a media groups campaign to Save our British Pubs. Since the pandemic the hospitality industry has had a torrid time. In 2024 alone, figures suggest that more than 400 pubs closed their doors. However, it is evident that the great British Pubs were declining pre-covid. So,
Can Micro Pubs help to “SAVE OUR PUBS” Read More »
Of course, I would say yes as payroll outsourcing is one of our core services! However, at Tandem Business Solutions over the past 12 months seen our payroll client base increase by over 200%. I believe this really comes down to the fact that out of all the duties an employer has, payroll is the
Should I outsource the payroll for my business? Read More »
A small business might look for a business loan when it needs extra cash to grow, cover slow seasons, buy equipment, or grab a great opportunity. It’s also helpful for managing unexpected expenses, hiring staff, or consolidating debt—basically, whenever a little financial boost can keep things running smoothly. So, we started our business, put in
How do I get a business Loan? Read More »
For whatever reason we decided to set up our businesses and become our own bosses, everyone does it for their own personal reasons. And the reasons for starting your own business can be varied. People start their own business for independence, creativity, and the freedom to shape their career. Many are driven by a passion
The reason I started my own business Read More »
The feedback I receive from clients is that 2024 has been a very challenging year for business and the prospect for 2025 does not fair much better. Business owners who have been trading for many years have had to overcome great challenges, either being personal or economic. It is therefore understandable with all that is
Planning Your Business Development Read More »
I would say that nowadays most business owners understand and regularly review their Profit and Loss accounts. However, how many on a quarterly basis review their Balance Sheet, or even fully understand the data! So, what is a Balance Sheet? This is a snapshot of the financial position of a business. In a specific period,
What is a Balance Sheet Read More »