Blog
The importance of hiring a Non-Executive Financial Director (NEFD) in your business
In the past, non-executive financial directors (NEFDs) were often only hired by public companies and very large private companies. Today, a growing number of small and medium-sized businesses are realising the benefits of hiring NEFDs. What is the role of an NEFD?...
Why every business needs a business coach
The purpose of a business coachHaving a business coach is not a gratuitous luxury. It is a must-have necessity in every business.One of the primary roles of a business coach is financial planning. As your business grows, the chances are that you will...
3 vital things to do when becoming self employed
If you’re looking to make that leap towards being self-employed then there are a few things that you need to know before you do. Starting your own business can be a challenge, but with the right knowledge, you can make the process as simple as...
Why investing in an accountant is beneficial
An accountant can be beneficial for those who are self-employed or are starting their own business. Once you’ve chosen the right accountant for your requirements, they can offer best in class, professional services thanks to their experience in the sector,...
Management accounting helps ensure accuracy of business decision making
Business owners and their management teams face a huge number of decision-making situations on a daily basis, so accurate management accounting is essential for providing insights and business information. Management accounting uses your ongoing business...
Do you know what your business is really worth?
Many companies, when asked what their business is really worth, will state the amount of their annual turnover. However, there are many contributing factors to the overall value of a business; the yearly profit is just one of the metrics a company should...
Key accounting requirements for small business owner
Focusing on the daily operational aspects of your small business can often lead to neglect of the key requirements that can prove so influential to the success of the company. It’s vitally important that any small business owner sets the time aside for...
Tips for maintaining healthy cash flow balances for businesses
Balancing the ongoing financial obligations of your business is critical for maintaining healthy cash flow and ensuring ongoing success. Follow these simple tips to keep the business cash flow on target:1. Regular healthy cash flow analysisYou can find...
How to assess accountants: Finding the perfect people for you
If there is one thing that people struggle with when they’re on the search for new accountants, it’s assessing whether the company is right for them before they commit. The reality is that not all professional enterprises are created equal, and that every...