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...
What is Self Assessment? Self Assessment, put simply, is the tax return process for self-employed people. Whereas HMRC collects tax from employees directly through the PAYE system, the self-employed need to work out their income and expenses and then pay their bill each January. You might even need to complete a Self Assessment return...
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,...
STEP 1 – don’t panic When we fail, we often look back and try and figure out the reasons why. But what if we took a more proactive approach? I’m lucky enough to work with a range of businesses at every stage of their journey. And every business is different in their own unique...
Most people dream of being their own boss, to ditch their day to day jobs and go it alone. And whilst the prospect of earning more money and the ability to work in a more flexible manner are all strong motivators, it is often the financial fears and the processing of paperwork that is...
A spot of post lockdown shopping… I spent this afternoon shopping. “So?” you say? After being in lockdown for 14 weeks it was really strange to be able to wander in and out of shops. Okay I had a face mask on but it was still weird! I couldn’t help thinking about the little...
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...
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...