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Making Tax Digital

Making Tax Digital

MAKING TAX DIGITAL Software is the way forward Making Tax Digital is bringing a revolution to the business world and in particular how they are going to make their reports to the HMRC. The big changes are coming through the proposals being made under the title “Making...

Save money – Get Advice Early

Save money – Get Advice Early

Save Money by getting advice early This week I have heard two stories where business owners have kept going when they should have got advice earlier. Although the sums of money are vastly different, in both cases taking advice earlier could have made a significant...

Setting Prices

Setting prices can be a headache for any business. One of the biggest problems for smaller businesses is how to go about setting prices for their products and services. And much of the problem actually comes from a lack of self belief of the business owners in the...

Pricing for Profits

Pricing for Profits is key to a successful business Whatever business you are involved in, it is vital that you know how to set your prices. And unless you are a high growth business or have funding to spare, your prices will need to be set to make a profit relatively...

Cash is King

Cash is king - Debtors are dead money Following on from a previous article on the problems of holding stock, another area that cannot be ignored by a big and small business owners are Debtors (unpaid sales invoices). Good Customers It is always worth identifying your...

Stock – Asset or Liability?

Stock – Asset or Liability? When does an asset turn into a liability? We all think of stock as a business asset. This is the stock that fills your warehouse and is there to be sold. Perhaps after you bought the raw materials you have even made it into something new....

National Minimum Wage

The National Minimum Wage (NMW) rates are changing from 01 October 2014 meaning that many low paid workers will be receiving a pay rise. The new rates are as follows: National Minimum Rate New hourly rate £ Main rate for workers aged over 21 6.50 Rate for workers aged...

Tax Saving Tips – Employing Your Family

Tax Saving Tips - Employing your family Tax saving tips are aimed to help even small businesses save money. As with most Tax Saving Tips this one is easy to put into practice for many businesses and can have a real impact on the quality of life for the owners of...

Pricing for Profit – you’re worth more

  Pricing for Profit - you’re worth more Pricing for profit is a difficult subject for many small businesses as they believe they are operating in an extremely competitive market. Certainly many believe that their customers are very price driven. We have regular...