It has generally been the case that dividends have offered company owners and directors a cost effective and flexible remuneration option compared to a bonus or salary. However, the gap between the two has narrowed more recently, and with the recent Corporation Tax rise from 19% flat rate to an upper rate of 25%, it […]
Salary or Dividend For Company Owners and Directors? Read More »
All businesses encounter problems at some stage. Good management sees the red flags early and takes corrective action before the downturn sets in and becomes irreversible. The end game may be an insoluble cash flow crisis, but the trouble starts way before then. Budget miss Forecasts are always wrong, the only question is by how
Spotting Problems Early & Acting Decisively Read More »
As a business owner, you are constantly making decisions that impact the financial health of your company. It’s all about making the right predictions, spotting the right trends, and understanding market conditions to unlock more profit and lower risks. More importantly, you need to be making these decisions in a timely manner. This is where
In the last edition, I referred to the sales invoice, and the main focus in this column will be to examine the importance and purpose of the invoice and to look at ways in which the design and content says something about your business. First and foremost, the invoice is a vital legal document. For
As a business owner, it is crucial to have a plan in place to ensure that your affairs are managed effectively and efficiently if you become incapacitated or unable to make decisions. One essential document to consider is a Lasting Power of Attorney (LPA). In this article, we will explore the importance of LPAs for
Lasting Powers Of Attorney Read More »
I often say that your team is your most important asset and keeping them motivated and happy is essential to your success. I am going to first blow my own team’s trumpet. In September, we won the NatWest South East Business Award for Customer Service. This is some achievement and is down to the whole
Could a 4-day week be a good fit for your team? Read More »
The Covid pandemic has changed the way we work and ushered in a new era of hybrid working – but is your business ready and able to offer this mix of on-site, off-site and remote working? When businesses were forced to close down their physical offices and workspaces, this brought technology to the fore. We’ve
Hybrid Working…… Are you ready ? Read More »
We all know that our journey through life rarely goes exactly as planned,the uncharted waters of the current COVID-19 pandemic is testament alone for that.
How do you get control? Read More »
The aim of late payment legislation is to encourage prompt payment and have late payment seen as unacceptable. It creates rights for businesses to claim interest, compensation and recover reasonable costs where each party is acting in the course of business. The purpose of this article is to make readers aware of the benefits contained
Cash Flow and Late Payment Read More »
When starting out, they are managing everything from websites to social media to hiring and firing, but what about income and retirement? And what about maternity leave? One of the biggest problems I see as a GP when it comes to the self employed is a lack of financial planning. In fact, last week, a
Entrepreneurs and small business owners are amazing! Read More »
