Cracking the teamwork code
Teamwork is often vital to a business’s success. It’s the process of working together to achieve a goal in an effective, efficient manner. There are lots of ways working as a team can help benefit the development of your organisation and of individual employees. Naturally by working as part of a team you get to know more about each other and can identify not only your own but other’s strengths and weaknesses. Read more…
Customers – Targeting everybody wins nobody!
Many business owners start their business by simply trying to win as many customers as possible as quickly as they can.
Little thought is given towards who you want to work with but more just being able to pay the bills.
As you get busier you start to wonder how other businesses have become successful.
There is no magic answer but one secret is the most successful don’t want everyone to be a customer…
What it really means to be VAT registered
You probably hear the word VAT all the time if you are in business, but what does it really mean to be VAT registered?
8 things to do before you start trading
Deciding to start your own business is an exciting beginning to a new chapter. Once the initial excitement dies down however, you may find yourself lost as to where to begin. We’ve created a list of the 8 most important things you will need to do before starting.
10 ways to improve cashflow
Your business is growing rapidly, and profits are anticipated to keep increasing.
This is great and shows that your business is heading in the right direction. However, it is important not to let your guard down, as even a profitable business can be hit with problems if there is not enough money coming in to cover your expenses.
We have put together 10 tips which will help you manage your cash flow.
Increase the value of your business – Systemisation in 6 simple steps
Are you considering selling your business?
If your business is reliant on you then you are likely de-valuing your business!
This guide will cover the steps to systemise your business and improve the offer you are likely to get.
An open plan office… teamwork heaven or distraction central?
Some people love the idea of an open plan office and others couldn’t think of anything worse.
Here’s a few of the advantages and disadvantages of an open plan office to see if this is the right thing for you and your team.
Sales invoicing – Everything you need to know!
Made your first sale and now need a sales invoice template to use?
Tried creating a sales invoice and don’t know what / what not to include?
Sending sales invoices is a key part of running a business and supporting your cash flow. Here is a simple guide to what you need to include in a sales invoice. Read more…
10 Accounting terms made simple
Does your accountant confuse you with jargon???
This simple, quick and easy guide can help you understand some key terms…
Warning: You’re losing money by not having ideal clients
Do you have clients who take up a huge amount of your time, pay you next to nothing and rarely value you or your team at all?
The bad news is you aren’t alone as in most businesses the worst 20% of clients take up 80% of your time.
The good news is that it can be fixed. You will feel more empowered and less stressed and generate more money too! Simply follow these 6 steps and goodbye stress, hello profit!
I’ve just lost a client! What now?
Losing a first or important client is super scary! It’s not the end of the world though.
So now it’s time to understand why and what you can do about it.
5 Simple Steps to quicker bookkeeping using Xero
Make Xero work harder for you so you don’t have to
We are a practice who pride ourselves on saving our clients time using the most automated systems available. We have come up with 5 simple steps to make bookkeeping in Xero quicker and easier meaning less time is spent on bookkeeping and more time can be spent doing the things you love.
Help! I’ve lost my UTR number.
What to do if you’ve lost your UTR number.
Your Unique Taxpayer Reference Number (UTR) is a 10-digit number that is used by HMRC to identify you. You need it in most cases when corresponding with them and to file any tax returns you have due. Without it it’s impossible to file a tax return or pay any tax due so it’s super important!
Sole trader v partnership v limited company – which business setup is right for me?
Help for deciding the best set up for your new business
As a firm of Accountants specialising in startup businesses we get asked this question all the time. Unfortunately it’s never a blanket type answer that you can quickly assess but in this guide we will talk you through the different things to consider so you can be fully informed about which route is right for you.
How much does an accountant cost?
5 Factors that change how much an accountant will charge you.
It’s a common misconception that Accountants are expensive. Many Accountants simply don’t display prices and we all get a little concerned and wonder what they are hiding.
What expenses can I claim as a contractor?
Helping you understand what you can and can’t claim for whilst contracting.
Expenses are pretty much the point of contracting via a limited company!
The merits of the different methods of contracting were discussed in our Guide to contracting and we established that for longer contracts (more than a few months) contracting via your own company was best. It is best simply because there are many more legitimate expenses that you can claim, thereby reducing your exposure to tax and increasing your take home pay.
With expenses being so important it’s best you know the different types of expenses that you may be able to claim
PAYE v Umbrella v Limited Company – Which is best for me as a contractor?
Helping you work out how to get started with contracting.
More and more people are finding themselves having to turn to contracting either through redundency or organisation restructuring. It can be a daunting time as there are so many differences to being a ‘normal employee’ and now having to deal with your own accounts and tax affairs.
Chances are, via the agency, that the first thing you need to decide is how will you be paid.
I’m self-employed and need a mortgage – 5 tips to help you
Helping you understand the world of mortgages for the self-employed.
As an accountant having acted for hundreds of self-employed people and directors of limited companies we have seen how many hoops you have to jump through in order to get a mortgage. If you have obtained a mortgage when you were employed you may well have just approached your bank and then, hey presto, here you go. Well sorry, it’s not quite that simple for the self-employed, which includes directors of limited companies. Now I’m no financial adviser so I’m not recommending any particular product or method and this article should not be treated as such advice. It should however be treated as a practical guide on what you need to do to obtain a mortgage and to improve your chances or succeeding in doing so.
What are HMRC Payments on Account?
Helping you understand HMRC tax payments on account.
If you are self-employed or pay tax via self-assessment then you may come across the joy that is HMRC payments on account for tax. We know how confusing they can be as we answer questions about them all the time. This article is designed to go through exactly what HMRC payments on account for tax are and hopefully help you understand why HMRC are asking for more tax money than you thought.