What are Fixed Assets – The basics you need to know?
What are Fixed Assets – The basics you need to know? Fixed Assets are purchases of identifiable ‘equipment’ for long-term use by a business for use in its operations to generate revenue. They are usually kept for more than a year, normally in excess of three years, and are crucial for a business’s operations, whether […]
Tax planning as your business grows
Tax planning as your business grows All businesses need to plan, whatever the initial reasons for setting up in business. The plan might be to reach a particular level of turnover or number of customers, expand by taking over other businesses, or to produce enough income to pay your personal bills. Whatever the type of […]
Sources of finance for Manufacturers
Sources of finance for Manufacturers If you run a manufacturing business, getting the right finance at the right rate can be challenging, this post may help you to understand what types of finance products are available to support you, we explore short term & longer term funding needs: Short term solutions for day-to-day working capital […]
Christmas Parties Are Coming!
Christmas Parties Are Coming! Parties can cause major headaches: planning can be difficult; you need to find & book a venue before all the best ones got taken. But by observing a few simple rules, you can make the most of the tax exemption for ‘annual’ events for staff. The limit is £150 per person […]
Can You Find Out Why HMRC Opened An Enquiry?
Can You Find Out Why HMRC Opened An Enquiry? When HM Revenue and Customs (HMRC) opens a tax return enquiry, a natural reaction of most is to speculate about why HMRC have picked on them. HMRC does not need an excuse to open a tax return enquiry; a small proportion of tax returns are simply […]
Autumn Budget Highlights 2024
Autumn Budget Highlights 2024 Although it feels that we say it every time, with a new Chancellor, a new Government and a reported £22billion hole in UK finances, today’s Autumn Statement really has been the most hotly anticipated Budget of recent years? With Rachel Reeves keeping (relatively) tight lipped until the big day, there has […]
Are you looking to sell your business?
Are you looking to sell your business? You want to make sure that you get good price, you need 3 to 5 years to get ready. Selling a business can be difficult & daunting. You probably won’t have sold a business before, so I’s unlikely that you understand the importance of the various stages. It […]
What Is a Good Car & Van Stock Turnover Ratio?
What Is a Good Car & Van Stock Turnover Ratio? A good dealership stock turnover ratio can depend on specific circumstances, including its size, location, market conditions & the types of vehicles it sells. However, these industry benchmarks can be a useful guide. What Is the Stock Turnover Ratio? It is how many times a […]
The Financial Concepts Every Business Owner Should Understand
The Financial Concepts Every Business Owner Should Understand Every business owner should understand the basics of financial management, doing so will helps you make sound decisions about your business & keep your finances on track. Below are five key financial concepts that you should know: 1 – Operating Cash Flow Operating cash flow is the […]
The biggest financial mistake Business Owners Make
The biggest financial mistake Business Owners Make The biggest financial mistake most business owners make is DIY accounting, trying to do as much as they can save a few bob. However, when it comes to your finances, this is can be a big mistake. You can get better accounts in far less time, along with […]
