Latest News & Updates
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...
Understanding Costs
Understanding Costs: How do they behave? Firstly understanding costs and your business numbers help with a variety of things, including: Pricing of goods and services Business planning Cash Forecasting Controlling costs Understanding profitability of customers,...
Not For Profit & Private Businesses
Not for Profit & private businesses- they all count. Above all, businesses are typically classified as private or not for profit (NFP). Not for profits typically include many art organisations, charities, Community Interest Companies (CICs) and social enterprises....
Ready For Making Tax Digital?
Ready for Making Tax Digital ? There has been a lot of news and noise about Making Tax Digital (MTD). The purpose of this short blog is to remind you of the key points about MTD, which becomes live on 01-Apr-19. Making Tax Digital MTD is compulsory if you’re VAT...
Healthy Business, Healthy You
Having a healthy business is like having a healthy you A healthy business is what we all strive for. This blog will outline a five point approach for getting and improving business health, and how the approach has a lot in common with getting and improving personal...
Maintaining & Growing Business
Firstly maintaining and growing your business requires many things. For example, customer satisfaction, providing good products and services. similarly a motivated workforce, and good relations with suppliers also count. Growing your business Furthermore an area often...
KPI’s- Manage What You Measure
Take charge of your numbers It becomes challenging to know how your business is doing, your progress to your objectives, what you are doing right unless you are measuring and reporting your progress. These measures are commonly referred to as Key Performance...
Prepare For Making Tax Digital- MTD
Prepare for Making Tax Digital -MTD, of 01-April-19 will soon be upon us. HMRC have started sending out nudge letters to VAT registered businesses. We have already registered our own clients with HMRC and migrated them over to our preferred platform of choice, Xero. ...