In the current economic situation resigning clients might feel counter-intuitive but think of it as “resigning losses”.
Pensions auto enrolment – how to get started
Pensions auto enrolment (AE) is the law and it’s making its way to your business NOW!
As we go through 2017 and beyond, more and more companies will have to auto enrol their staff into an approved pension scheme and this blog gives an overview what’s involved.
There are three big areas to work through:
Preparing and choosing a pension scheme
Running your pension scheme
Bookkeeping is the bedrock of your business – EBook
Good bookkeeping is the bedrock of every successful business. As you can see from our illustration, bookkeeping is at the centre of every aspect of your financial management and you let it lapse at your peril. However, we see too many businesses where the bookkeeping is not done well enough…
Accountants aren’t always checking your accounts
Has your accountant made sure your annual accounts agree to your books?
You’re in business to make a profit! And then to make some more profit. Your business buys, sells, hires, fires, grows, evolves and makes profits. But are you measuring your profit accurately, with no surprises, and can you make better decisions, at the right time, to prevent losses and…
Management information is essential to tell you how your business is performing. Every business wants to grow, to improve profitability, reduce risk, increase cashflow etc. but none of it can be done very well without the right management information at the right time. Good bookkeeping is the basis of useful…
Where do the jobs go in the digital economy?
Digital disruption : Digital opportunity We have a report we produce every quarter that tells us useful information about the previous twelve months. We’ve been producing the report each quarter for the last five or six years and every time we run it we learn important lessons about our business…
Management accounts makeover – clarity is everything
Management 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.
Organise a management accounts makeover.
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
A few thoughts on financial planning
Your cashflow forecast may be the most important document in your business. Haven’t got one? You’re not alone but you should build one now.