A business is either registered for VAT or it’s not. If it’s VAT registered then it needs to add VAT to its sales invoices (with one or two exceptions) but it can reclaim the cost of VAT it pays to its suppliers. This is done on…
What’s it like to take the plunge and leave corporate life to start your own freelancing business?
Rachel Auckland, who runs Citrus Learning Design, knows……
Jack and Jill have run their company for fifteen years and by and large they have been successful. It’s a tech business with some large, international clients and some smaller ones closer to home. However, over the last two years they have seen: outsourcing of work to India pressure on…
But, when it comes to your accountant, this inertia could really hurt you and your business and, as Liz Garrigan, Director of TPG Design, explains in the video – breaking up is not so very hard to do!
Effective – do the right things Efficient – do things right It’s your business so make sure you’re doing all the right things your business needs to do to be successful, profitable, sustainable. But doing the right things in the right way is where systems come in. Being organised, using…
Cloud accounting is the tectonic shift in the accounting world.
We help businesses make effective use of the cloud accounting solutions out there and collaborate with them to ensure their entire financial environment is working properly.
There’s a lot of hype about the cloud and cloud accounting and several different ways of enabling cloud technology in your business.
We use two of them!
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…
Tax. Keep it simple. Submit all your tax returns in good time, pay the right amount of tax and don’t put the tax cart in front of the business horse! The common taxes for owner-managed business are: VAT PAYE /…
A sale is a gift until it’s paid for.
If you give credit terms to your customers then make sure they pay you on time.
You’re not a bank so don’t let your customers borrow from you, which is what they’re doing if they delay payment.
We help companies stay on top of credit control from start to finish:
credit checking prospects and ongoing customers
invoicing accurately, electronically, punctually
chasing for payment – phone is best!
taking action against slow payers
Put credit control front and centre in your business – you can’t afford not to!
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…
