Running a business without a good grasp on the financials is like driving a car at night without the lights on. Eventually, you will crash and when you do it's going to be expensive. Getting a good grasp of the financials is essential if you want to steer your business in the right [...]
Often the first employee taken on by a business is someone to help with admin/bookkeeping. Bookkeeping is seen as a necessary evil by many business owners and delegating this burden is often high on the agenda. As the business grows the “Finance” department often gets neglected and the bookkeeper is left to their own [...]
The standard advice from accountants, for many years, has been for Directors to pay themselves a salary and shareholders to take dividends. Often in small companies, the Directors and Shareholders are the same people. This approach minimises the tax liability because dividends are taxed, or have been in the past, at a much [...]
Whatever your thoughts on Brexit – it seems it is going to happen and whether it’s a hard Brexit or a soft one we are going to leave, and the question is how we can prepare. Your business is likely to be affected even if you don’t have any dealings with Europe – [...]
We love being part of Music On The Green, the event has raised £50,000 for charity in the 3 years we have been involved. We not only help by donating our time to help with ticketing, accounting and bookkeeping. We also help with the setup and running of the day. In fact, Will [...]
Have you noticed that there always seem to be some change happening, something on the horizon to prepare for – auto-enrolment, GDPR and now Making Tax Digital. They say change is inevitable, but it does get a bit tiresome when it’s as relentless as seems to have been the last few years. Anyway, [...]
Tax has a direct effect on behaviour; hence the introduction of sugar tax for soft drinks. Sometimes this behaviour is a little curious. Did you know there used to be a time when your property tax was based on the number of windows you had? So, naturally, people bricked up their windows. Not [...]
Many business owners build their businesses up with the aim of, at some point in the future, selling. If this sounds like you, or is something you would like to think about, there are several considerations that you need to take into account. Reviewing these now will help make your business more saleable and [...]
Whenever we take on a client we tend to have very similar conversations with them, mainly because many of them have never been given any kind of explanation of how things work and are often left to their own devices to figure stuff out. We make it our mission to help them understand their [...]
We estimate that Xero is already 50% quicker than desktop bookkeeping solutions, but you can achieve even more time saving with these top tips: Use the search facility The search facility in Xero is a vast improvement on manually locating all sorts of things. Use it to quickly locate invoices, credits, bills, amounts, contacts… [...]
