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1806, 2019

So you’ve hired your first employee? What to do next

June 18th, 2019|Tags: , , , , |0 Comments

So you've hired your first employee? What to do next Getting the ‘people’ part of your business right is a priority for your efficiency and profitability. Finding a suitable candidate that fits your needs as an employer is important, but your efforts will be useless if you're not complying with the law and doing what you need to do. Your legal rights and responsibilities as an employer don’t have to [...]

1106, 2019

Buying a business – before, during, and aftercare

June 11th, 2019|Tags: , , , |0 Comments

Buying a business - before, during, and aftercare If you’re looking to buy an existing business, there are plenty on offer. But it’s a situation that comes with significant financial risks. Therefore, finding someone to give you guidance throughout the process could save you a significant amount of money. Before you buy Buying a business might be quicker and easier than starting your own. But to make sure you find [...]

406, 2019

Increasing profits doesn’t always mean increasing value

June 4th, 2019|Tags: , |0 Comments

Increasing profits doesn’t always mean increasing value There are several characteristics that give your business long-lasting strength: positive leadership, perfect planning, risk-taking, a healthy work environment, integrating technology, or excellent customer service, for example. Perhaps one of the most obvious is profitability, but is this really the essence of business value? Personal value Many of us set up our business hoping to make our dreams come true. 26% of small [...]

2805, 2019

What can limited companies claim as business expenses?

May 28th, 2019|Tags: , , , , |0 Comments

What can limited companies claim as business expenses? A huge part of running a successful business is being savvy with your expenses. The size of your business doesn’t matter, claiming business expenses is one of the simplest ways to save cash and be tax efficient. Claiming on tax-deductible expenses reduces your profit which, in turn, reduces your amount of corporation tax payments, saving you money. So, if you haven’t been [...]

2105, 2019

Are accounting firms are a weak link in cybersecurity?

May 21st, 2019|Tags: , , |0 Comments

Are accounting firms are a weak link in cybersecurity? As accounting becomes increasingly digital, firms are facing brand new threats. The training to become an accountant has shifted away from understanding the basic processes of accounting to understanding the IT systems and software that are underpinning the advances in efficiency and productivity. However, with this new digital accounting age comes unfamiliar digital problems. Nearly half of practices in accounting, banking, and finance [...]

1405, 2019

How to become an accountant in the digital age

May 14th, 2019|Tags: , , , , , |0 Comments

How to become an accountant in the digital age Accounting has long been a respected and desirable profession. Some say it dates back as far as 2000 to 3000 B.C. as archaeologists found evidence of accounting on clay tablets in Egypt. It’s come a long way since then - even since just a few decades ago - so what does it take to become an accountant today? Education It may [...]

705, 2019

To be valuable, you need to understand valuation

May 7th, 2019|Tags: , , , |0 Comments

To be valuable, you need to understand valuation Business value is a term that many of us use several times a day. Above all, we want to increase our business value and we believe our business to be valuable. This is often because our companies are a part of us. To us, they have huge value because we built them from the ground up. Basically, we love our ideas, products, [...]

3004, 2019

Tips to improve your business cash flow

April 30th, 2019|Tags: , , |0 Comments

Tips to improve your business cash flow In business, cash flow encompasses everything. Without a reasonable balance between incoming and outgoing payments, your business turns into a delicate organisation that could collapse at the slightest shift in the market or change in your sales. 82% of small businesses fail because of poor cash flow management and understanding. 57% of businesses have experienced cash flow problems at some point. But if [...]

2304, 2019

What you wish you knew before starting a business

April 23rd, 2019|Tags: , , |0 Comments

What you wish you knew before starting a business Nobody ever said starting a business would be easy. Still, it would have been nice to know exactly what to expect. It would have helped avoid any unexpected obstacles! Take business banking fees. Or PAYE. Or dealing with HMRC. It’s these details you might not consider, but they have the potential to ruin your day, especially when they come from left [...]

1604, 2019

Focus on quality, not quantity, to maximise business growth

April 16th, 2019|Tags: , , |0 Comments

Focus on quality, not quantity, to maximise business growth Crafting impeccable, high-quality products takes time. It’s why so many businesses often opt to take a different route to success, prioritising quantity over quality. They hope that by pushing for more sales they can increase their profits. For a while, this might work, but in the long run, this strategy is unsustainable if you want your reputation and cash flow to [...]

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