Blog
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...
Tax-saving tips for the self employed
Many self employed people are unaware of the savings they could be making on their tax bill. It’s all legal, of course. What we’re talking about here are methods such as assessing areas where you may be paying too much tax when you shouldn’t be. You may...
Finding the right payroll software for your business
If you’re running your own payroll you will need HMRC-recognised software that gives real-time reporting of PAYE information direct to the HMRC. You can choose to run free payroll software if you employ less than ten employees but will need to purchase a...
What is managerial accountancy and what’s the benefit to my business?
A form of accountancy that is often overlooked is that of managerial or management accountancy Management accountants do not just look after a company’s accounts. They advise managers about any economic implications of upcoming business decisions that...