Did your business already have a pre-written recovery plan before COVID-19? You may think that only large corporations need a recovery plan but what has been highlighted over the last few months is how important they are for every business large or small! Cloud technology has allowed businesses some continuity and we have seen innovative […]
Month: May 2020
Is there now any time ‘to get Brexit done’?
‘Get Brexit Done’ the slogan that won Boris his decisive election victory last year seems to a bit redundant now given the current situation with the coronavirus. The original plan was to negotiate a Free Trade Agreement by the 31st December 2020, this deadline seems unlikely now as the two sides seem to have major […]
What numbers do you need to know?
Whatever business you run in the end it all comes down to the numbers! Revenue, expenses, overheads, inventory, sales figures, profit – all of these numbers are important. These are the day-to-day numbers you need to know but if your business is in a transition point looking to grow or access funding, numbers become even […]
Do business owners need to take more responsibility to understand their business?
During the COVID-19 crisis I have been following various groups, boards and online discussions from business owners about claiming government support during COVID-19, what is glaringly obvious is many don’t understand the basic business structure or their responsibility as a business owner. My observations include limited company directors confused with being a sole trader, the […]
Cash is king, now more than ever!
It’s vital over the next couple of months that businesses preserve cash so they can meet their fixed costs and other essential outgoings. These are some practical steps you can take to help you through: Delay tax payments – Call the HMRC helpline to discuss delaying tax payments to help with cash flow. 0800 0159559 […]
Will accountancy professionals return to the office?
The use of technology has really come into its own over the last few weeks, companies that were already using cloud technology have been able to carry on working and, in some instances, have seen productivity rise. Technology is essential to ensure your people stay connected in situations such as this – not only with […]