Post holiday reflections

The two week annual holiday is a good time to rest and reflect away from the routine of running a business and the everyday challenges that need to be dealt with. I should know as I have just come back from mine. It should give you time to wind down and have a period of…

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Understanding the importance of Cash Flow

We often hear the saying that “Cash is King” but have you ever actually prepared a statement of cash flow to see your current cash position? A Cash Flow Statement gives you the ability to see the cash received during the period against the cash outgoings in the same period to show the overall movement…

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Do you run the business or does the business run you?

“I know enough to make this business a success.” This was just one of a few fatal fallacies delivered to me in a conversation with a business owner who actually wanted to grow his business. All too often small and medium business owners can fall into the ‘I can do this on my own’ trap….

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Make Tax Digital for Business

Make Tax Digital for Business (MTDfB) is being introduced from 1st April 2019 for VAT registered businesses with turnovers of more than £85,000. To comply businesses will have to have ‘functional compatible software’ which is a software programme or set of programmes that records and preserves electronically transactions so that those records together with VAT…

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How to help your clients spend more with you

You have a new client and the relationship is at its strongest at this point. It is essential for future client growth that you maintain this relationship on an on-going basis. Increasing sales from an existing client base doesn’t require a degree in rocket science in order to perform what is a very simple process….

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Are you a sole Director or Shareholder?

Do you have plans in place if something were to happen to you? No-one likes to think about the worst case scenario, but as a sole director/shareholder there can be serious consequences of not making plans for the future. With no plans in place there may be no one to deal with current work in…

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The Competitive Edge – June 2018 Edition

In this month’s episode of The Competitive Edge: Are the IR35 rules going to be extended to private sector workers? EMI share option scheme receives state aid approval and much more… Download below.

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