Getting your financial life in order
Getting saving early really can pay off. Think about it – if you’re money is invested or earning interest today, you’ve a better chance of that money growing over a longer period of time.
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Finance
What impact is the “new normal” going to have on procurement
Many of us are tired of the term ‘new normal’. We are used to, yet tired of social distancing, but deep down we know, nothing is ever going to be quite the same again.
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Are your employees benefiting from you?
Smaller employers are starting to join in and are looking into providing benefits to employees but can be concerned about the extra red tape, as well as the cost and administering of the benefit.
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What is the best way of taking money out of my business?
This article will explain the optimal salary for a personal and family company and how to use dividends to ensure tax efficiency.
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Domestic Reverse Charge – say what now?
In March 2021, the VAT position changed as far as certain construction services are concerned with the introduction of Domestic Reverse Charge (DRC). So what led to this momentous change?
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Making Tax Digital – unraveled!
If you are not yet filing your VAT returns under Making Tax Digital or are self employed or a landlord then you may be affected over the next couple of years.
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To be or not to be competitive
Used in the context of business, the word “competitive” takes on a different meaning to what you’d normally expect. When a business or a customer uses the word “competitive” they’re referring to low or cheap prices.
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What are the pros and cons of having investors?
Before talking about potential sources of finance, there is one thing that needs to be mentioned. This is to make sure that you have a proper, rock-solid business plan.
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My bank won’t finance my business – now what?
This would be a useful guide to read even before approaching your own bank for a request as they are not always the best option for you.
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The advantages of having your tax return filed early
While the new tax year may have only just begun, did you know you can file your self-assessment tax return any time after 6th April 2021?
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Are we heading for an economic cliff?
How prepared are you for when the COVID-19 related financial support and other interim measures fall away?
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Navigating your way around business insurance
The only sure-fire thing you can count on during the tumultuous beginning stages of your business or later in its development is the protection offered by commercial insurance.
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How a virtual financial director can boost your business growth
Running an SME is a full on roller coaster of a ride. As time ticks, you’re thrown in all sorts of directions and can even feel as though you’re in free fall going backwards sometimes.
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Give yourself a financial MOT
Money makes the world go round, or so they say. It’s certainly important and whether you like it or not, its something you can’t avoid. Some people bury their head in the sand at the thought of dealing with their personal and family finances, but ignore it at your peril.
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Navigating the hardening insurance market
The state of the insurance industry continues to fluctuate. This can be confusing for business owners trying to forecast future insurance costs while industry experts monitor the market and try to project whether insurance premiums will rise and by how much.
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Money matters for business and life
I became one of the first-ever Independent Financial Advisers in 1986 when that title was first created. Now, I am no longer a financial adviser, but a financial educator and commentator, a teacher, coach and mentor in things financial.
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Essential tips for credit control
Credit control can be described as the process of ensuring customers pay their invoices on time, and the system in place to resolve the issue if they don’t. Cash flow has been covered in another chapter of this book. Credit control is a vital part of controlling that cash flow.
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Tax planning in its simplest form
Nearly everyone who has their business up and running will want to make sure they’re claiming expenses to reduce their tax bill. However, there are a number of rules that need to be followed.
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Reducing costs in your business
Before we look at “how?”, let’s start with “why?”. Should costs be a priority, or is the most important thing increasing the sales line?
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The tortoise versus the hare!
Over recent years the commercial finance brokerage market has seen the rise of the ‘on-line’ brokerage models. These are aimed at providing ‘all market coverage’ and focusing on ‘speed of delivery’ to service the ‘need’ they believe SME businesses have.
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