Cheer’s to a happier New Year! No one can predict how 2021 will go but let’s hope for a better year! Many people have found this year a challenge, I am looking forward to a well-deserved Christmas break, spending quality time with my family and taking the time to reflect on 2020. I would like […]
Is your business affected by Brexit?
Is your business affected by Brexit? With a deal still not on the table in seems likely, we will leave the European Union and revert to world trade rules. How your business will be affected depends on the products/services you provide. What are the key issues? • Supply Chains – Brexit brings a real risk […]
What are your end of year tasks?
What are your end of year tasks? If you’re like most business owners, you’ve got a huge list of tasks that stay perpetually on the back burner! Here are a few ‘housekeeping’ tasks to tick off your list •Office supplies – now is a great time to stock up on office supplies, and general office […]
Are you supporting small businesses this holiday season?
Are you supporting small businesses this holiday season? We all have a part to play in helping the recovery for small businesses, there has been a global push ‘to shop local’, following the advice below can have a big impact: “The first is to keep small business front of mind as you prepare for the […]
Is a tax rise unavoidable?
Is a tax rise unavoidable? With a £394bn deficit, thanks to the coronavirus taxes will have to up to pay for it. Experts believe taxes will be raised possibly as soon as April when the spring budget is announced. UK economy has contracted by 11% which is the largest fall in 300 years, unemployment is […]
Do you need to reduce business costs?
Do you need to reduce business costs? Analyse your business costs, your accounting software should be able to produce a report for you, list your largest outgoings and see what can be cut back on. • Do you use all your office space? Can you reduce the amount of space you currently lease or rent? […]
What are the payment priorities in your business?
What are the payment priorities in your business? This will depend on the type of business you run but in general if cash flow is tight you are going to have to manage it and prioritise payments. • Payroll – Not paying your employees on time should be avoided at all costs. You might be […]
Have you jumped into eCommerce because of the pandemic?
Have you jumped into eCommerce because of the pandemic? Small businesses are resilient, well they must be and that has certainly been the case this year with unprecedented change. Many businesses have developed an online offering much sooner than perhaps they would have done if they did not need it to survive. Cyber Monday is […]
Have you been declined a Bounce Back Loan?
Have you been declined a Bounce Back Loan? Although the bounce bank loan scheme has been extended, according to reports the big five banks have shut the door on new applications. All-Party Parliamentary Group on Fair Business Banking research has suggested that up to 250,000 small businesses “are effectively locked out of the market”, given […]
Are accountants keeping up with the changes?
Are accountants keeping up with the changes? 2020 has been a challenging year with the raft of changes and schemes brought in to support businesses and employees through COVID and the enforced lockdowns. People might not understand that accountants hear about these changes when you do through public announcements. It takes a little time for […]