Business

Are you pursuing a hobby, or carrying out a trade? It can be hard to define in some circumstances, so we’ve explained the nine ‘badges of trade’ as used by HMRC. #tax #accounting #hobbies #trade #badgesoftrade Many of us have hobbies that are dear to our heart, whether it’s playing guitar, building a giant model train system or...

Keeping positive cash flow is really important for a small business. Late payments can cause big issues, so stay on top of your invoicing with a proactive strategy. Sometimes it just takes a phone call. #smallbusiness #moneytalk If you’re struggling with late payments, and about half of small businesses are, here are some simple tips to try. Invoice...

Business continuity is your Plan B for how to set up a means of trading in a crisis. Talk to us about your continuity plan. ‘Business continuity’ is the process of planning out how your company can continue trading – when disaster hits. In essence, it’s your Plan B for how to set up a means of trading,...

Looking for someone to guide your entrepreneurial journey? Your accountant could be the mentor you didn’t know you needed. #businessadvice #SmallBusiness #mentoring A business mentor can provide guidance and support, so you make the right decisions and stay focused on the end goal as a business owner. They can also help you move forward in your career by...

Going digital is a no-brainer for any forward-thinking business. We’ve summarised the big advantages of embracing cloud tech and a digital business model. #businessadvice #digitaltransformation Transforming into a digital business sets the best possible infrastructure for your future growth. And, as your business scales, the benefits of going digital will start to become obvious. Running your key business...

A surge in work is great news for a small business – but it can also be a source of stress. Outsourcing can help you cope with a seasonal or irregular burst of sales, without the commitment of new employees. When you run a small business, the amount of work can ebb and flow. Unexpectedly busy periods can...

Is your company’s year-end getting close? Talk to us about planning your year-end tasks and delivering a smooth and hassle-free year-end process. #tax #accounting As your company year-end date gets closer, there are a number of administrative and financial tasks to start planning for – so it’s a good idea to get yourself organised and ready. There are...

Evidence is mounting for the success of the four-day week – high productivity, happier team members and lower overheads. But there are some downsides, too. Could a four-day week boost your business? What are the pros and cons. The four-day work week is a winner – or at least that’s the result from a major pilot program conducted at 33...

Thank you for your business in 2022.  We wish you a Happy and Prosperous New Year - we hope it brings you health, wealth, and happiness. For business owners, this is often the time of year when you reflect on where you are at and think about your business goals for the year ahead. These could be lofty...

Goodwill in accounting refers to the intangible value that a company can hold, above and beyond the pure financial value of its assets. This covers areas like brand reputation, intellectual property, and both external and internal relationships. A business that can show its goodwill in the marketplace is actually worth more – both intangibly and financially. When a...