Latest News & Updates
Record Keeping
The importance of record keeping In this blog and video we look at Why record keeping is key to your success . Bookkeeping, or keeping financial records is vital. More importantly you need to know what you are spending. You need to know where your money’s coming...
Making Money
Making money is what business must do! Most importantly, where we say business, we mean private or not for profit. Likewise when we say money, we mean profit. Furthermore, don't dismiss: • How you make that money • What your business values are • The amount of money...
Credit Control
Have you ever wondered what TRUST has got in common with credit control? Furthermore, why is TRUST in business so important? “If people like you they'll listen to you, but if they trust you, they'll do business with you.” Zig Ziglar. As a matter of fact, the concept,...
What Is Business Success ?
Business success Firstly, business success, and how you achieve it is often talked about. So, this blog will look at what helps you get business success. What is business success to you? In the beginning you need to think about what success looks like to you. ...
Tax-Free Benefits You & Employers
Tax-free benefits for you and your employees Certainly paying tax-free benefits to yourself and/or your employees is a great situation. Most importantly there is no tax or NIC to pay. In addition, your company can deduct the costs from business profits. Above all the...
Company Cars Tax Changes 2020-21
Company cars: Are low emissions cars tax efficient? First of all significant changes are being made from 2020-21 to the company car tax benefits-in-kind bands affecting ultra-low emission vehicles (ULEVs). The taxable benefit arising on a car is calculated...
Choosing The Right Credit Controller
Choosing the right Credit Controller Firstly choosing the right Credit Controller for your business is important. As a result sometimes when work gets busy one of the things that can get delayed is the sending out and chasing up late payments. Being more DOG about it...
Getting Paid On Time
Credit control- Getting paid on time Firstly, credit control and getting paid on time is crucial for all businesses. You need money to pay bills, staff wages, repay loans, investment, and also to pay yourself. Most importantly, if your business doesn’t get paid on...
Effective Management Accounting Reports| Video
Management reports: What’s best practice? Firstly, effective decision making requires Effective Management Accounting Reports. Management accounting tells your business story on a more regular, efficient and informed basis. For this reason you should design the...
Business Growth- How’s Yours?
Business growth Firstly business growth stories tell you: Your profitability What things cost Information on Controlling & managing cash Planning Returns and Information for the Tax authorities, sending in VAT and Tax returns Telling your business story mainly...
What Is Management Accounting ?
I often get asked, What is Management Accounting ? Great question, Management accounting is about is using accounting and business information. It's about making informed business decisions more efficiently, and more immediately. Financial accounting This tells your...
Your Business Plan-5 Points
Your business plan plays a vital part in getting business success. Furthermore it not only helps you navigate an uncertain business landscape it can help reduce the risk of it all going wrong. First of all planning is a mindset approach to your business. It captures...
Salary, Dividends & Benefits
Salary, dividends & benefits Salary, dividends & benefits and how to pay yourself. We will throw some numbers in to show the financial difference. Furthermore we will be looking at other options that can really ramp up the savings. Company owners and directors...
VAT & Pricing- What Is It?
VAT- What is it? It is a tax on sales, not profit. It is a multi-stage tax, charged at each stage of the business cycle on the “value added” at that stage. Most importantly the basic principle is that it is actually paid by the non-VAT registered customer. It It is...
A Guide To Filing Your Tax Return
A guide to filing your tax return Firstly, being an early bird can really help reduce your stress levels. It will give you more time to just get on with your business and your life. Secondly, we have put together a short guide if you want to complete your own....
Profit & Your Break-Even Point
Above all, profit & your break-even point are so important to businesses that we’ve dedicated this blog and clip to this subject. As a result you might be wondering why knowing about this is important. Stay with me as we look at break-even. In short the...
Cloud Online Accounting
Firstly, Cloud online accounting is something businesses need to embrace in this ever-growing digital age. Above all you have the power to achieve so much in your business and life. Three important points to note: Motivation Mindset Numbers Above all motivation...
Property Is A Business
Firstly, property is a business. Secondly, run it as one, because it is not just an investment. There is money to be made in property. Therefore before money starts rolling in there’s lots to think about, including: Tax return- do you need one? Decide whether...
Business Budgeting
Business budgeting for success needs the solid foundations of sound financial management built into its overall strategy. For that reason finances should underpin every aspect of its work. Plan and cost your activities, so your resources are properly considered....
Budget In Business
First of all to budget in business you should have a "Personal Survival Budget" in place. What's your minimum survival budget? Furthermore remember very few businesses make enough money in the formative years. So in order to find out how long you can continue trading,...
Credit Control
Credit control:Take charge Credit control is an area that many of us find difficult to fit in to our working lives. However take note it’s really important to keep on top of it- it’s the lifeline of your business after all. 3 questions to ask yourself regarding credit...
Work Life Balance- Get Yours Right
Work life balance: Getting yours right Getting it right is key. Hi everyone, we hope you had a great Easter break & are refreshed and ready for the short business week. In today’s blog we’re adding a personal touch again and are sharing how we “rested and played”...
Business Performance
Business performance & how to measure it Above all business performance and how to measure it plays a vital part in business success. Similarly also in sustainability and growth. It is not a one-time event rather it is a continuous process. As a result successful...
Cost Type: Direct & Indirect
Cost type: Direct & indirect Firstly, all accountants love labels, consequently one of these applies to costs. Direct and indirect costs differences Furthermore it is important to know the difference. As re result this helps when it comes to: Pricing of goods and...