Accounting Basics

October 21, 2021

The profit and loss and balance sheet reports

Understanding your finances is a vital part of running your business. But getting down into the nitty gritty of the company accounts isn’t every owner's top skill. If you are new to company accounting, or simply want to expand your knowledge, we can help explain these stan...
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YES

As an owner-manager, your chief concern will be making your business profitable and building up cash reserves in the company. But you’ll also want to be able to extract funds from the business too – whether this is via a regular monthly salary, or ad-hoc dividend payment...
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Its not a question of who is going to pay, but rather how much you lose

You’ll no doubt have seen the news of a rise in both employees’ and employers’ National Insurance contributions (NICs). It’s been a contentious move by the Government, with some people seeing the policy as a necessary way of generating extra revenue for the NHS and s...
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What's your money story?

September 11, 2021

Think about your personal goals - it is not always about the money

What's your money story?What you believe about money and how you relate and interact with it affects every aspect of your life and business. A belief is simply a story that you have told yourself so many times that you think it’s the truth. So, for us all to live a vital, ...
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Proposed change of tax basis period for unincorporated businesses: are you ready?

Are you self-employed? Or are you a partner in a trading partnership? If you are, you should be aware of the proposed changes to the tax basis period for unincorporated businesses. HM Revenue & Customs (HMRC) is proposing to change the way that unincorporated businesses are ...
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Achieving your goals

August 19, 2021

Rocks, pebbles and sand mindset

Have you ever found yourself struggling to achieve your goals because you just don’t have enough time to commit to them? Chances are, you’re doing things back to front. Rocks, Pebbles and Sand is a simple, yet crucial, planning concept depicting that we’ll achieve more...
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Covid restrictions have changed

Covid restrictions have been easing or lifted across the nations of the UK in recent weeks. So, it’s time to start thinking about the return to the workplace and how you'll welcome your home-working and furloughed people back into the office. After months of working from h...
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We always check the weather forecast!

Whenever we're going on holiday or have plans for the weekend, we always check the weather forecast so we can plan accordingly. It’s no different in business. The forecast tells us if there’s bad weather (poor cashflow) in store based on the direction we’re heading....
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Upsizing or downsizing? We can help with the forecasting

The post-Covid, globalised economy has created a number of challenges for the average business. Depending on your business purpose and strategy, you may need to either upsize, or downsize, to secure the long-term future of your company. But what are the implications of scali...
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Are you ready?

Do you export goods or services from the UK to the EU? Are you ready for the new VAT One Stop Shop system?  We’ll help you understand the EU VAT changes and how to register....
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