Sole Trader vs Limited Company – Which Is Best for A New Business?
Sole Trader vs Limited Company – Which Is Best for A New Business? Taking the first steps as a new business can be exciting yet confusing. One of the first decisions you will have to make is whether you will run your business as a Sole Trader or Limited Company. But which one is best […]
Honey Anyone? A Strategic Look at the People Numbers
Honey Anyone? A Strategic Look at the People Numbers We all know that bees live in large well-organised groups. As social insects, they engage in complex tasks including communicating clearly, building a nest, collecting food, and defending against invading forces. That’s a lot of work… so bees develop a hierarchy comprising workers, drones, and a […]
What You Should Expect Out of Your Financial Reports? (Do Not Settle for Less)
What Should You Expect Out of Your Financial Reports? (Do Not Settle for Less) We come across business owners and managers who diligently study their financial reports soon after they are available. Equally, we also come across business owners who never view financial reports. Never. And then there are business owners in between these extremes. […]
Your Business Dashboard: What Should You Be Seeing?
Your Business Dashboard: What Should You Be Seeing? There was a time when cars didn’t have a fuel gauge. That meant you had to understand the size of your fuel tank, remember when you last bought fuel (and how much) and estimate the distance you’ve travelled since filling up. What is the equivalent of the […]
How to Track Sales Opportunities to Predict New Revenue
How to Track Sales Opportunities to Predict New Revenue If you want to grow your business, attracting new customers is an important strategy. Many will immediately think of marketing and creativity which can put many people off who feel like they are not a creative type. We believe that the first place you should look […]
Goals, Strategy and Plans: The Vital Fuel for Businesses
Goals, Strategy and Plans: The Vital Fuel for Businesses Many businesses (and certainly many of our clients) find themselves busy with the day-to-day tasks needed to be completed as a business. They know they should plan for the future but whoever gets time for that? They get caught up in the endless cycle of tactical […]
Get what you want out of your business
Get what you want out of your business As business owners, there is an endless stream of things, people, events and information that can overwhelm even the steadiest of leaders. We win or lose big sales, team members come and go, costs change, competition arises, and bills and payroll must get paid. Often, we spend […]
Advantages of Forecasting
Advantages of Forecasting We know, financial forecasts don’t sound that exciting, but they can be an enormously valuable tool in managing your finances. They are future predictions of your business finances, as compared to statements, which provide details of actual results of progress. The following are five ways forecasting can help your business: Focus […]
Super-Deduction Capital Allowances
Super-Deduction Capital Allowances Since the Covid-19 pandemic the levels of business investment have fallen with a year-on-year reduction of 11.6 %. Therefore, to counter this trend, the government has introduced a new Capital Allowance regime to ensure that the UK is more internationally competitive and to stimulate growth. Effective from 1st April 2021 until the […]
6 business and personal tax changes for the new tax year
6 business and personal tax changes for the new tax year We are sure you’re aware that a new tax year started on 6th April and that it bought with it a number of changes which could have a direct impact on both your personal and business finances. As a local accountant, we just wanted to […]