Blue Dot Blog

Cloud accounting – We can work anywhere in #thecloudthatcounts

Growing in #thecloudthatcountsIt’s a strange feeling when you shrink with one hand and at the same time grow with the other. Courtesy of cloud accounting.

Shrink is not really the right word. We are simply took advantage of moving into the cloud to reduce our property costs in one location and at the same time open another office in Richmond.

Accountants in Fulham, accountants in Richmond. Accountants everywhere and anywhere, in fact.

It’s a period of change and opportunity for us, and a chance to stand back and remind people of what we do and why it works.

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Cloud accounting – using the software you like

Cloud pictureCloud accounting is becoming more entrenched as a business solution and although we still don’t think cloud accounting software is as good as some of the best desktop packages, it’s getting better all the time.

But what if you are very happy with the accounting software you use and have several years of data stored in it but you want to work in the cloud and gain the benefits of access from anywhere at any time?

Here are a couple of solutions.

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Management accounts makeover – clarity is everything

Management accounts - hit the profit buttonManagement accounts are vitally important for every business.

Not having management accounts is simply not an option and yet we continue to see companies, some with multi-million turnovers, that have nothing like the management information they need to run their businesses.

Sounds familiar?

Organise a management accounts makeover.

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Why two bank accounts are better than one

two bank accountsRunning two bank accounts is an incredibly powerful discipline for a business to adopt because it puts such a focus on making the business make money.

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Make profit your first cost

Looking for profit improvement? Make profit your first cost. Sounds weird but it works. Find out what it means and how this thought process can deliver profit in to your business.

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Managing cash flow – an ICAEW publication

BAS logoThe Institute of Chartered Accountants in England & Wales (ICAEW) runs a Business Advice Service (BAS) which we are members of.

As part of the BAS commitment to UK business, we offer a free introductory meeting to any nearby company i.e. within 10km of the SW6 or TW9 post codes.

If you would like to meet up to discuss your business then please give me a call on either number at the top of the page.

Whatever your business, cash flow will be key to its success and you might find this PDF document, Managing Cash Flow , useful.

In addition to this ICAEW guide, we have put our best blogs on cash flow and getting paid in one place – here!

 

As well as cash flow advice, we offer a wide range of practical financial services for owner-managed businesses and I hope we can help you soon – don’t forget the BAS free introductory meeting!

 

Michael
@diaryofanomb

he Institute of Chartered Accountants in England & Wales (ICAEW) runs a Business Advice Service (BAS) which we are members of.

As part of the BAS commitment to the UK business environment, we offer a free introductory meeting to any business that’s local to us i.e. within 10km of the SW6 or TW9 post codes.

If you would like to meet up then please give me a call on either number at the top of  the page.

In the meantime, if you are just starting out or getting to a point where you might want or need to register for VAT, you might find this PDF document, Basics of VAT , a useful read.

We offer a wide range of practical financial services for owner-managed businesses and I hope we can help you soon!

Michael
@diaryofanomb

– See more at: http://www.bluedotconsulting.co.uk/blog/business/basics-vat-icaew-publication/#sthash.JonfIhRa.dpuf

Dividend tax implications 2016

From April 2016 there are changes to the dividend tax rules which do several things but the bottom line for most owner-managed companies will be that the “low-salary-high-dividend” approach to earnings will result in more income tax being paid than under the current rules.

Three questions arise:

  • What are the new rules?
  • How do they impact me?
  • What can be done – before April 2016 and after

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