How to prepare a cashflow in three steps

How many times have you sat with your head in your hands worrying about cash flows? Lots of work, preparation, calculations, adjustments…and damn it, figures just do not add up! It’s very frustrating and creates headaches. You might find making cash flow statements one of the most challenging issues but it’s only a statement prepared...

30 Tax Savings Tips for the Small Business Owner

Know your VAT VAT is a common area where business owners are losing out. Are you paying the right amount? Have you looked at the Flat Rate Scheme? Many businesses are unaware of the Flat Rate VAT scheme, but for the right business it can be an unexpected source of profit. In a nutshell,...

Life and lessons during lock-down

While we miss our loved ones, we’re actually seeing more of our immediate family than ever before. Have you taken the time to reflect? Perhaps you’ve been thinking about the times you missed meals at home because you were working for small margins. Or all those weekends you worked; missing out on time with...

Increase profit concept. Businessman plan (predict) profit growth represented by graph.

Profitability is key to business survival

Making profit is key to building and running any successful business. My latest video, which was filmed pre-lock-down, is all about profit. It may seem a little strange to talk about profit during times like these but turning a profit is more important than ever right now. Wouldn’t you agree?   Make the time...

Systems and Finance

  You might have noticed that I’ve been publishing quite a few videos recently. I started recording my new video series a few months ago, right before COVID-19 was any sort of threat to the UK in terms of health and the economy. When I recorded my latest video about systems and finance, who...

JUNE 2018

I had spoken in my last blog about taking back time. A simple concept and one I wanted to implement in, what I thought at the time, was going to be a quiet month. How wrong was I – what did Burns say ‘the best laid plans of mice and men gang aft agley’...

MAY 2018

My goal at the beginning of this year was to write a blog once a month based on what was relevant that month. So, Jan, Feb and March all progressed well then April happened. I’ve been trying to figure out trends in my company since I started four years ago and I’m sorry but...

MARCH 2018

So it’s official or at least it should be? The slumber is over and it’s time for the first signs of spring – if only someone had told the weather! Time to rise and shine, stretch and start looking forward to lighter nights, blossom on the trees (ok that may be a step too...

FEBRUARY 2018

So now its really cold, the Christmas credit card has landed (please tell me why did we think it was fine to spend that much money on one day) and we now have to pay/have paid our taxes. January was a long cold month, the pubs were quiet, everyone was talking about kale, kick...

NEW YEAR

A new year is coming around and you just know that 2018 will be your year!  In January gyms are full and grocery trolleys are healthy as we make our New Year’s resolutions. We all know how this goes: “This year, I will lose weight/be more productive/eat healthy”. But why don’t we also include some...

New Year

A new year is coming around and you just know that 2018 will be your year!  In January gyms are full and grocery trolleys are healthy as we make our New Year’s resolutions. We all know how this goes: “This year, I will lose weight/be more productive/eat healthy”. But why don’t we also include some...

12 Financial Worry’s

Money worries can affect every small business owner, whether it’s fretting over keeping clients on board or feeling uncertain about your cashflow. If you find these things playing on your mind then you’re not alone. So I’ve complied a list of what I believe is keeping you awake at night and I’ve called it...

Maggies Cultural Crawl

  Those of you that know me will know I’ve had a dodgy knee, torn cartridge, which has settled down but for 6-9 months give me a lot of pain and made it virtually impossible for me to walk any distance. Now considering my only form of exercise is walking then that wasn’t good....

What a commute!

  It’s been just over a year since I set up my business, SJC+0 Accountants, and I can honestly say it has been a year of challenges but also fun. Originally I decided that working from home was going to be a stop gap till my business got busy enough for me to rent my...

We’re all in this together

  Crowdfunding like any funding method has its pros and cons but it can be an ideal way to not only pay for a new venture but also to test the market and see what response you get. It’s a simple method to get funding but don’t under estimate that it’ll be a quick...

A Scottish inevitability

  The Scottish Rate of Income Tax (SRIT) will come into effect on April 6th 2016 and, depending on the rate at which it is set, it could have a real impact on whether Scotland becomes more or less attractive as a place to work. So will you be a Scottish taxpayer and do you want...

Show me the money

  For many years now business owners with Ltd Companies have been able to extract profits from the company using dividends rather than additional salary. This has proved to be very tax efficient to date. However from April 2016 these tax breaks are due to come to an end. The income tax on dividends...

If time is money, there are no prizes for guessing whose…

  Cliche it may well be, but experience suggests that there aren’t many businesses today where the maxim “time is money” isn’t true somewhere along the line. Faced with the pressure of seemingly rising overheads, etc., most of our clients are in search of ways of lowering costs. Of course, just like you, they...

Bah humbug

  Christmas parties – who pays is always the great debate, before the party is even planned, and then we’ve all reveled in the aftermath of one where someone has too much to drink!! As employers we don’t want to appear stingy and we do want to reward our staff for all the hard...

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