Keeping on top of your business expenses is important, not just in the build up to tax season, but on a daily basis. In this article we explore how you can overcome the challenges of expense management and share with you our 4 top tips.
Business Expenses
Get the best advice on managing your business expenses and ensure you are managing your expenses correctly.
Four top tips for keeping a reliable record of your expenses
If you are a business owner or employee that regularly spends money on expenses that are required as part of your job, keeping a reliable record of your spending is vital. Our blog post is going to teach you exactly how to do that in an easy and efficient manner.
Is yours the last company not to benefit from mobile expense management software?
With mobile devices so present in modern society, the majority of companies are now embracing this technology. In this article we discuss four benefits for companies from providing mobile expense management software for their staff.
Why proper expenses tracking can help reduce the amount of tax your business owes
Operating a business can be a costly endeavor and it is extremely important to make sure your employees are tracking their expenses to reduce tax bills.
Manual vs automated expense processing: Five reasons why you should make the switch today
Managing expenses is never a simple process, but if you automate the task, you can easily improve your workflows in finance.
Remote working during the COVID crisis: How to ensure a smooth transition for your business processes
The Coronavirus pandemic has forced a change in working life. The vast majority have had to quickly adopt remote working practices and embrace new technologies. But remote working is nothing new; the current global situation has merely sped up our adoption. Companies for a long time have seen the benefits…Read more »
How can SMEs remain HMRC compliant?
When it comes to ensuring that businesses are complying with tax rules, HMRC take no prisoners. In 2015 alone, a crackdown on VAT rules earned the government an extra £468 million in tax (according to UHY Hacker Young). Unlike large organisations, many SMEs lack rules and processes, therefore the risk…Read more »
Keeping track of expenses for remote working employees
Keeping track of expenses and ensuring that they are submitted, reviewed and approved in a timely manner can be a tough job at the best of times; one thing that can make it even more difficult is when your company employs a large number of employees working remotely. Perhaps your…Read more »
Wrongful expense claims cost UK economy billions each year
Research shows that employees who regularly overclaim or underclaim on business expenses could be costing the UK economy around £1.6 billion each year. The 2017 study, which anonymously questioned 1,000 workers, revealed that 36% of employees who drive a company vehicle or who are entitled to claim back mileage allowance have…Read more »
Engage your staff in self-controlling expenses
For many businesses, the process of expense management for staff who are “out on the road” can be something of a nightmare. There is a natural tendency for people to maximise personal gain, and when this can be done at the expense of others, it’s a very tempting proposition. Constantly…Read more »
