You know you don’t have the time or experience to do your own books, but what if you ask your friend or partner to do it? You’ve got a mate who’s great with numbers, so why not hire her?
As an established small business owner, you’re juggling the day-to-day operations while managing your cash flow. You’ve got plans for growth, and knowing exactly where you can save on tax will give you a leg up. Getting to grips with a few key concepts will help you recognise which expenses
“How do I figure out what my business is worth?” is a common question that we receive from our clients. In this post, we will explore the things you need to consider. You’ve put your entrepreneurial skills and hard work into building a reliable, established business and you’re at the
“Can I do my own bookkeepinng?” asked Eddie, a potential client for the firm. “I’m OK with numbers and I’d like to keep my costs down”. It’s hard to overstate the power of great bookkeeping. Organising your books brings all the numbers into focus, providing financial clarity that guides the
“I’m thinking of ordering an electric car” said Derek, a client, during a coffee meeting last week. “Can my business pay for my electric car charging point at home?” Electric vehicles are becoming increasingly popular in the UK, with 17% of all new cars sold in 2022 being electric. As
As the owner of a professional services firm, saying you’re “busy” would be the understatement of the year. It feels like you’re spinning more plates than you can count, and the financial admin often falls to the bottom of your to-do list. You want the time to look at your
“I never have enough cash in the bank” is a common phrase we hear from business owners. Your professional services business is growing, and you’re putting in the long hours to serve your clients. You’re busy keeping up with demand, so you don’t understand why there never seems to be
Considering and deciding on the best way to support employees through the cost of living is one of the toughest challenges for business owners right now. You want to be fair to your team, but you also need to secure the long term finances of your business. So how do you
You care about your team and want to support them through the cost of living crisis. If money were no object, you’d increase their salaries tomorrow. Unfortunately, it’s not the reality. Your business is also having to tighten the purse strings as it deals with rising costs, and there are
Your business is growing at an exciting rate. However, the business can’t function without you. “How can I scale up my business?”. I had a call from Frank, a business owner this morning. He had spent the weekend thinking about his business growth and asked ” I’ve got an established
Should I buy or lease a vehicle for my business? As your business grows, you may find you or your team are required to spend more time out on the road. You know you need to add extra vehicles to your setup as you keep expanding, but should you lease
As the owner of a fast-moving established business, the relationship with your accountant should be a collaborative partnership. You need an accountant who will be in your corner through the highs and the lows and, as it’s one of the most decisive factors in the trajectory of your business, it’s