What superpower would you have if you could?
Invisibility? Being able to fly? Teleportation?
Or how about being able to re-write the law to suit yourself and ensure you are always on the right side?
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Finance
How to make more money in your business….
As a business owner I’m sure you’re always looking for ways to make more money and in particular profit. One recognized and basic way to do this is of course to focus on increasing your sales and decreasing your costs as what you’re left with is profit.
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Bankrupt, insolvent or in need of rescue?
I doubt any business owner is totally ready for the pressure that being in charge can bring. It’s hard being the person at the top, particularly when it comes to having money issues.
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The state of play regarding business lending heading into the second half of 2020
This article would have looked vastly different if I had penned it at the start of 2020!
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Credit searches and the impact on your credit score
More people are looking at credit solutions to help their businesses navigate these unprecedented times I thought it would be helpful to understand the different types of credit search and the impact of each on a credit rating. What is a credit search?
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In a time of recession, should my business be looking to borrow money?
In times of uncertainty, it’s natural and understandable for a business owner be cautious and think twice before taking on any new financial liabilities. While this is often the best strategy, many businesses thrive during economic downturns, and it can be a great opportunity to grow while others are retreating to safety.
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When the going gets tough, the tough check their margins
Profit is something we’re all familiar with, but to protect your profits as a business owner you will need to clearly understand what your ‘profit margin’ is, so you can take the steps you need to take.
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What’s your money mindset?
They say that money makes the world go round and we certainly all need it. Some are great at saving it, others spending it and in the current climate your relationship to money is something important to consider.
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Importance of cashflow in a small business
Small businesses have some great tools to manage these ups and downs, and one of them is cashflow. Done in the right way, cashflow management can save your business from disaster and boost it towards growth when things are going well.
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Three reasons why you should review your pension contracts
According to the insurer LV=, the UK worker will change jobs every five years on average. Assuming you have a new pension for every job, the average 50-year-old will have accumulated six pensions.
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Seven top tips for protecting your business against inflation
So, if you are a business owner, what can you do to limit the impact that inflation and rising interest rates may have on your enterprise?
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Burning the midnight oil
The first step in preparing a budget is to identify those boosters. In order to do that you need to run a SWOT analysis to identify the most promising activities or the acutest threats to mitigate. These will be the backbones of your next year’s budget.
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What is MTD for ITSA and will it affect you?
MTD or Making Tax Digital is already in place for VAT registered businesses and has been for some time now. So, what is MTD ITSA? This is Making Tax Digital for Income Tax Self-Assessment and is being rolled out from April 2024.
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Five reasons why you should invest in a Stocks & Shares ISA
ISAs, or Individual Savings Accounts, have been a feature of the personal finance world since 1999, yet I still get asked if they are ‘worth it’?
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Never assume when it comes to commercial finance
This article is a starting point to help dispel some commonly held myths relating to business lending most of which come from ‘Dave’ down the pub who knew someone who knew someone!
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11 ways business finance can help your business
Cash flow is the lifeblood of a business. If it seizes up, the business dies. But managing money within a business isn’t just critical to its survival, it’s also what oils growth and releases the latent potential a business holds.
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Squeezing out the profit!
The biggest mistake businesses make is to focus all their marketing effort and budget on getting new customers. Research has shown that it costs up to 6 times more to get a new customer than to retain or sell to an existing one.
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What mistakes are you making on your VAT return?
With the complexity of the VAT laws, it’s understandable that businesses make mistakes on their VAT returns. When VAT was first introduced in the UK way back in 1973, it was hailed as a simple tax. Turns out it isn’t quite so simple after all.
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For my business to raise finance, who do I need to know?
While an arrangement to borrow money for a business is between a client and the lender, there are numerous other individuals involved to help the process with many needed before the application is even considered.
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What is R&D tax relief and why should I care?
Research & Development (R&D) tax relief supports companies that work on innovative projects in science and technology. You can even claim on unsuccessful projects.
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