Here’s how we did it. It all started during a recent review with a client where we highlighted, with the MD, an issue that we thought may be causing them problems. Internal problems that they weren’t aware they were having. We had noticed that response time from their finance team was increasing, their cash [...]
Surely no-one can dispute that small businesses are vital for the economy: In 2013, there were 4.9 million businesses in the UK, over 99% of which were small and medium enterprises. Small and medium enterprises employed 14,424,000 people in the UK in 2013. The European Commission’s SME Performance Review estimates the Gross Value Added of [...]
I was at a networking meeting a while ago and sat next to a fellow businessman who, during the course of our conversation said to me, “We are no better than anyone else”! I was a bit taken aback, “how so” I asked, “We have 3 or 4 larger competitors” he elaborated “when we do [...]
As we have seen recently with Volkswagen, big businesses can get themselves in all sorts of trouble. When businesses get big they can lose flexibility, lose control and sometimes lose their moral compass. Once a business is listed it becomes more accountable to its shareholders and the focus can move away from what’s best for [...]
A Bill of Materials (BoM) is a comprehensive, hierarchical list of the quantities of components, ingredients or materials needed to make a finished product. In manufacturing, all components required to manufacture a complete shippable item are listed by part number, description and quantity. The BoM can be used as a picklist of all items issued [...]
I have noticed lately an increase in the number of calls from business owners whose accountants have seemingly taken on Magical Powers. They have mastered the art of disappearing. Cutting off all communication from their clients and effectively ceasing their involvement with them. When this happens it puts enormous pressure on the business owner because they [...]
Gone are the days when you were able to rely on your bank for raising finance, come to think of it, gone are the days when you are able to rely on your bank for much. The banks are facing a battle against alternative finance providers who are seemingly able to provide quicker, easier and [...]
Here is another tip from us to you. This one is about using your right click to open new Xero windows and how this can save you a lot of time. If you would like to talk about how we can help you with your Xero Journey call on 01622 671 835 or to find [...]
If you happen to read HMRC’s website (and I do more than I care to admit) you would see that one of their key responsibilities is safeguarding the flow of money to the Exchequer through collection, compliance and enforcement activities. Which is to say they collect the tax that is due. Almost all income is [...]
Believe me as a resident of Kent who has suffered at the hands of Operation Stack, often caused by French Industrial Action, I do not say this lightly but should we, as small business owners, behave more like the French? Do we take things too lightly and put up with the sweeping changes imposed on [...]
