For many small business owners, the only accounts they ever review are their yearend ones. Moving from an annual financial review to a monthly one is an important step for growing businesses. This shift involves more than just skimming over the profit and loss (P&L) account and checking your bank
How Monthly Management Accounts Can Boost Profitability and Cash Flow Read More »
As a business owner, managing cash flow can be a constant challenge, especially when it comes to ensuring your customers pay on time. Having worked in organisations where dedicated credit control staff were needed to chase in £’000s of overdue invoices, and seen small businesses crippled by poor cashflow we
7 Tips for Effective Credit Control Read More »
In business, setting financial goals is crucial, but achieving them requires more than just wishful thinking. One powerful method to reach your profit targets is reverse engineering—a strategic approach where you start with your desired profit and work backwards to determine the sales and operational targets needed to achieve it.
Using Reverse Engineering To Increase Profits Read More »
As a small business owner, you pour your heart and soul into building a brand that represents your values, products, and services. However, in the competitive world of business, it’s crucial to protect the unique identity you’ve created. One of the most effective ways to do this is by trademarking
How Can I Protect My Business With A Trademark? Read More »
As a business owner, it’s easy to fall into the trap of treating your company’s funds as if they were your own. After all, you own the company! However, paying for personal expenses like your gym membership, family vacations, or other personal expenditures with company funds can lead to messy
How To Avoid A Nasty Tax Surprise Read More »
As a small business owner, you wear many hats including managing your finances. But did you know that within your financial role you are wearing multiple hats at once, because business finance covers several roles, each with their own skill sets, tasks and required knowledge. It’s no wonder it can
Who do I hire first in my finance team? Read More »
In today’s digital age, cybersecurity is a critical concern for businesses of all sizes. Our guest blogger, Alan Burgess from 4RC Ltd, takes a look at what small businesses can do to protect themselves from attack. Cyber threats are becoming increasingly sophisticated, making it imperative for organisations to adopt robust
How to protect your business from Cyber attack. Read More »
If you are thinking of starting a Limited company or have recently done so, it’s important to understand what is expected of you as a director. Directors are required to meet seven key duties as outlined in The Companies Act 2006. Failing to adhere to these duties can result in
What are my duties as a Director? Read More »
Considering hiring your first employee? Then take a read of, Jo Trimarco of JT HR Consulting Ltd’s guest blog to find out more. Hiring employee number one is arguably the biggest, and most daunting, step for a small business owner. I thought it would be helpful if I compiled
HR Checklist For Hiring Your First Employee Read More »
If you own a Limited company, you will be familiar with the need to file accounts. Financial accounts are annual reports required to meet statutory obligations, such as filing with Companies House and supporting tax return submissions. These accounts are backward-looking, reflecting the past financial year, and must adhere to
Do I Need Management Accounts? Read More »
