5 questions for effective strategic planning

What’s worse: no strategic plan at all, or an outdated and ineffective one? Strategic planning is an essential component for your business’ growth plan. Taking the time to look ahead will help you overcome unique challenges, leverage emerging opportunities, grow steadily and build a foundation for success. Without a strategic plan, you’ll struggle to...

A quick guide to dividends

It’s that time again when we need to select the best way of paying ourselves as directors and shareholders of our own company. This quick guide is to make sure you get things set up correctly and don’t end up losing out. Please note this advice is for the 2021/22 tax year. Although individual...

What is IR35? A guide for the self-employed

A quick IR35 definition – and why IR35 exists IR35 is another name for the off payroll working rules. It’s designed to assess whether a contractor is a genuine contractor rather than a ‘disguised’ employee, for the purposes of paying tax. Contractors who work through their limited company enjoy a level of tax efficiency....

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...

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