Company year-end preparations: time to get ready
March 18, 2024
Be organised and ready
As your company year-end date gets closer, there are a number of admin and financial jobs to complete – so it’s a good idea to get yourself organised and ready. There are several things to check, either on the year-end date, or before the end of your companyâ€...
Think Business Coach
August 21, 2023
It's tough at the top (and that's why you need a business coach)
Being a business owner can be immensely rewarding. But it's also a highly pressurised and stressful position to choose. The business journey can be full of pitfalls and challenges that make it more difficult to meet your goals and turn your business into a success. The ...
Changing Car Think Tax
August 14, 2023
Know the tax impact of using a company car
Having the use of a company car is a great perk. But are you aware of the tax impact of a company car and how having this vehicle may affect your company benefits? Two of the key tax considerations related to company cars are the benefits in kind (BIK) tax charges incur...
Spreading your tax costs with Time To Pay
August 9, 2023
Why use Time to Pay?
HM Revenue & Customs (HMRC) expects you to pay your taxes on time, and charges penalties and interest on late payments. But if you’re finding it difficult to pay in full, HMRC can be approached to allow a Time to Pay arrangement, in most cases this will stop the ...
Requesting payment
July 17, 2023
Requesting payment of overdue accounts in an economic slowdown
Cash has always been king but it’s even more important during these times of economic slowdown. The slower the economy, the less cash is available in businesses, and the more likely it will be for some customers to be unable to pay. To protect your business and minimi...
Sales levels are too low
July 11, 2023
The seventh cause of poor cashflow - Sales levels are too low
It might sound obvious, but it isn’t to many businesses. If current sales levels don’t support the overheads and other cash demands on the business, then your overdraft will keep increasing. This means that your business in its current state is not viable (unless yo...
Your Cash Lockup
July 4, 2023
Your cash lockup - the first cause of poor cashflow
There’s a massive difference between profit and cashflow. Profit increases when you create an invoice for work you’ve done or goods you’ve sold; cash increases when you bank the money. Your lockup equals the cash that isn’t in your bank account because it’s ei...
Profit and Cash
June 23, 2023
Keeping your business cash liquid – the difference between cashflow and profit
The foundational goal of any business is to make a profit. As a business owner, that’s one of your key financial aims – to make enough sales, at a big enough margin, to generate profit from your work. But how does profit differ from cashflow? And why is cash king?...
Take care of yourself, not just your business
June 12, 2023
Being a business owner can be stressful.
When the buck stops with you, it can be easy to let the pressure mount up and to discount your own wellbeing. But taking care of your own mental health is equally as important as taking care of the business – research from MYOB in Australia showed that 53% of business...
10 ways to improve business performance
June 9, 2023
Here are ten ways to make sure that you continue to drive through each business quarter with purpose, vision and the courage to super-charge your business....
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