Blog
Stories, insights & tips from Highwoods & Associates
Unlocking Company Value
Valuing a company is pivotal for investors, serving as a compass for informed investment decisions. In the dynamic landscape of financial markets, various methods exist to ascertain a company's worth. Among them are discounted cash flows, multiples, and book value.
Navigating the UK Spring Budget 2024
The budget introduces a significant cut in NIC for both employees and self-employed individuals, injecting more liquidity into the hands of workers and entrepreneurs, potentially stimulating spending and investment.
Deciphering the Optimal Scale
In the dynamic landscape of digital agencies, the question of size often takes centre stage. There's a spectrum of opinions regarding whether bigger is better or if small and agile reign supreme. Let's delve into the nuances to unravel this conundrum.
GROW Your Business in 2024
As we step into the promising landscape of 2024, businesses are presented with abundant opportunities for growth. To ensure your venture flourishes in the dynamic market, consider adopting a strategic approach to elevate your success.
Navigating Success
In the dynamic world of business, meticulous record-keeping isn't just a suggestion; it's a legal mandate for UK limited companies. Here's why maintaining accurate business records is crucial for your company, starting with tax compliance.
Embracing Hybrid Working
The transformation of the traditional office-based work model has ushered in the era of hybrid working, presenting creative agencies in the UK with exciting opportunities to thrive in the new normal.
Acquisition Strategy
In today's competitive business landscape, developing a well-thought-out acquisition strategy is crucial for sustained growth and success. Whether you are looking to expand your market share, diversify your product offerings, or gain a competitive edge, a carefully planned acquisition strategy can make all the difference.
Extracting Dividends from a Limited Company
Running a limited company in the UK offers numerous benefits, including the ability to reward shareholders through dividends. However, this process requires careful planning and adherence to legal requirements. Here's a step-by-step guide to extracting dividends in the 2023/24 tax year:
Duties of a Director
In the realm of small business, navigating the path to sustainable growth can often feel like an elusive goal. However, the profound wisdom of "The Four Agreements," a book by Don Miguel Ruiz, offers invaluable insights that can guide entrepreneurs towards a more prosperous and sustainable future.
Lessons from 'The Four Agreements'
In the realm of small business, navigating the path to sustainable growth can often feel like an elusive goal. However, the profound wisdom of "The Four Agreements," a book by Don Miguel Ruiz, offers invaluable insights that can guide entrepreneurs towards a more prosperous and sustainable future.
QuickBooks Online vs. Xero
QuickBooks Online and Xero, two leading cloud-based accounting solutions in the UK, offer user-friendly interfaces that cater to small business needs. QuickBooks Online stands out for its seamless income and expense tracking, custom invoicing, and real-time bank transaction synchronization. Meanwhile, Xero boasts powerful automation capabilities and comprehensive reporting features, making it a strong contender in the market.
Propelling Small Businesses to Growth
In today's competitive business landscape, small enterprises face unique challenges in achieving sustainable growth. Stephen Covey's seminal book, "The 7 Habits of Highly Effective People," offers invaluable insights that can profoundly impact small businesses and facilitate their growth trajectory.
Bringing Clarity to Director's Loans
Within the realm of business finance, there is a term that frequently gives rise to confusion and misunderstandings - the Director's Loan. To dispel any doubts surrounding its nature and usage, it is important to closely examine this financial arrangement commonly employed by directors of limited companies in the United Kingdom
Culture vs Strategy
In the bustling world of a creative agency, the soul that breathes life into its endeavours is culture. It is the vibrant pulse that beats through the agency's corridors, connecting individuals with shared values, beliefs, and behaviours. Culture fuels collaboration, nurtures innovation, and fosters a deep sense of belonging. Like the bustling streets of London, culture gives the agency its distinct personality and sets the tone for remarkable work.
Unlocking Growth
In the dynamic landscape of the creative industry, growing your business requires a thoughtful approach that balances creativity with strategic thinking. As a creative agency in the UK, tapping into new opportunities and expanding your reach can be a rewarding endeavour. Here, we explore key strategies to fuel the growth of your creative agency.
The Role of a Chief Financial Officer
Small businesses in vibrant areas like Shoreditch face numerous challenges when it comes to achieving growth. However, enlisting the help of a Chief Financial Officer (CFO) can make a significant difference. At Highwoods & Associates, trusted accountants in Shoreditch, the role of the CFO is crucial in empowering small businesses to overcome obstacles and achieve remarkable growth.
How to get a business mentor?
Getting a mentor is one of the easiest ways to accelerate your growth when starting a business. With a mentor, you have someone to give you the tips and tricks to get started on your business path.
3 Government Tax Changes for 2022
If your business is looking ahead and planning for 2022, it’s important to know about a range of changes to taxes that have been announced by the Government.
When is it the right time to consider outsourcing?
As your business grows, you’ll be amazed how many different tasks are involved in daily operations and you might be struggling to find the time for everything.