Will bounce bank loans create an unmanageable mountain of debt?
The bounce-back loan scheme has been popular with small businesses that perhaps have struggled to get much help from elsewhere. About £40bn has been lent to about half a million businesses through the schemes in just two months, but we have to remember this is ‘not free money’ as I…
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Why we must talk to our children about money?
According to a Rowe Price survey only 23% of respondents said they talked about money growing up, the fact is your child will learn about money from somewhere, do you want that to be from you or some out of control celebrity on social media? It’s not rude to talk…
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Is it ever too early to teach children about money?
Many parents have been thrown in at the deep end with the schools being closed, home-schooling has certainly been interesting in my house! As an accountant, a subject close to my heart is obviously money, and one of the best things you can do for your child’s education is to…
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How resilient is your business?
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…
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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…
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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…
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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…
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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…
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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…
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The government has delayed IR35, but it’s still committed!
It’s taken a global pandemic to postpone the implementation of IR35 to 2021, but the government has stressed it’s still very much committed: “The government’s decision to delay the roll-out of IR35 to the private sector will be welcome news to large corporates as this temporary measure is sure to…
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