When a business is trying to grow there is often a limited resource that prevents it doing so. The one that immediately comes to mind is customers or, more accurately, a lack of customers. However, for many, a lack of customers is not the main issue; there is some other limiting [...]
In every business for every £1 made in Sales only a small % is yours to keep. This is because there are direct costs incurred when making each Sale. For example, you may have to pay direct labour, direct materials, bank charges etc. So, for that £1 in Sales your business [...]
For capital expenditure incurred from 1 April 2021 until the end of March 2023, companies can claim 130% capital allowances on qualifying plant and machinery investments. Under the super deduction, for every pound a company invests, their taxes are cut by up to 25p. For example, a Limited Company that purchases [...]
Our Latest Factsheets Our increasingly popular guides and factsheets are available for you, free of charge, to read at any time: Guides & Factsheets Popular topics include: Tax-efficient ways of getting paid from your company. How should I own my car? Landlord Taxes explained. Overcoming the 12 [...]
I have spent years hiring great staff members and its not until Covid-19 and the resulting lockdowns hit, that I have realised how much spending time with them motivates me. Having my team working from home during the lockdowns has been fine from an output point of view; they have [...]
One of my clients, Annabelle from South East Timber and Damp, recommended the book Profit First by Mike Michalowicz (see link at the end). I love a good business book and whenever I am recommended one, I will give it a go. I believe we are always learning and the moment [...]
I-Construct is a government-backed project, designed to help local companies access opportunities in the construction market and develop new products and services within their businesses. How could my company benefit from the I-Construct programme? Network All eligible SME companies will become members of the I-Construct Network, which is worth up to [...]
I take great pride in knowing my business helps other businesses to create and generate wealth. I grew up in a small business; my Father was a sign maker in Essex, and unfortunately the accountant he had was not an asset to his business. Seeing the issues faced, and the bad [...]
Xero is not only there to make your bookkeepers lives easier - it can also help you to manage your business. Lack of understanding of your finances has been identified as one of the top barriers to growth. In the past, business owners either relied on their bookkeepers to run reports [...]
When you think of liquidations, you often think of the insolvent variety, where you can’t pay your creditors and have to close the company in a formal manner. However, liquidations don’t have to be this way; they can also be used to close solvent companies i.e., companies that have cash in [...]
