Creating a small business budget

Anna Stubbs • July 8, 2024

Small business budgets are empowering. They give you the knowledge and insight to eliminate wasteful spending and get to profitability faster.

When setting a business budget, you need good numbers. Don’t guess at what’s coming in and what’s going out. You could be making assumptions that just aren’t true.


Take the time to look into your accounts and dig out the real figures. It might sound like hard work but it’s worth it.


A forward-looking budget will tell you how much you:

  • spend running the business
  • can invest to improve the business
  • can pay yourself (and any shareholders)
  • could save in certain areas.


The following article by Xero gives you an overview of the numbers you need to be clear on when creating a budget. Read more here.


Setting a budget isn’t complicated but it can still help to involve an expert. We can double-check the numbers and help you make realistic predictions about business growth, upcoming expenses, and tax exposure. We'll also advise you on what to do if the actual numbers deviate from the predicted ones.


Get in touch, we are here to help.

How poor cybersecurity can endanger your small business

By Anna Stubbs • September 9, 2025
Digital systems and cloud technology have revolutionised the running of the average small business. But with software systems comes the ever present issue of cybersecurity. And it’s not just the big league, like Boots and Marks & Spencers, that have to worry about getting hacked. A recent BBC News article highlighted how one cracked password is all it took for a ransomware gang to destroy a 158-year-old transport company – putting 700 people out of work. So, what can you do to increase your cybersecurity and keep your business, customer and finance information safe from hackers and malicious software?

Changes to Companies House filings: say goodbye to abridged accounts!

By Anna Stubbs • September 9, 2025
The Economic Crime and Corporate Transparency Act became law in 2023. But as the goals of the Act progress, it’s bringing about a number of different changes to accounts filing.  The aim of the Act was to strengthen the role of Companies House and the UK business environment, support national security and disrupt economic crime. At the same time, the Act helps to deliver a more reliable companies register to underpin UK business activity. These are all excellent aims. But one outcome of these changes to Companies House procedure is a major change to the way small and micro businesses file their accounts. Let’s look in more detail at what this could mean for your accounts.

Should you buy or lease your business assets?

By Anna Stubbs • September 9, 2025
There are certain items of equipment, machinery and hardware that are essential to the operation of your business – whether it’s the delivery van you use to run your home-delivery food service, or the high-end digital printer to run your print business. But when a critical business asset is required, should you buy this item outright, or should you lease the item and pay for it in handy monthly instalments?