I have had several questions lately from business owners trying to understand dividends. So here we explore the basics, what you need to know and how to make the most of your hard-earned profits. A dividend is a distribution of a company’s profits to its shareholders. This is another way of taking money out of […]
Dividends for business owners in the tax year 2023/24 Read More »
Creating a smart and realistic budget for your business can be one of the best ways to keep it running smoothly. If your business has periods of difficulty or any setbacks, a budget gives you the protection and support to navigate through. A smart budget gives you control over the financial health of your business
How do you create a smart budget to accelerate your business? Read More »
I completely get it, running a small business can be really hard, there are some days you feel like you are smashing it and other days when you struggle. Many business owners can get stuck in a rut and don’t know what’s next. Maybe you’re not sure what direction you want to take the business
Tips to take your small business to the next level Read More »
Small business owners have been used in books, diaries and excel spreadsheet to do their accounting for so many years. As the saying goes ‘if it ain’t broke, don’t fix it’ Spreadsheets are a convenient and cheap way of managing your finances but there are brilliant accounting software out there now which mean your business
Six Reasons To Swap Spreadsheets For Software Read More »
We are constantly seeing on social media and advertising everywhere how to get your 6,7 or 8 figure businesses. Most of the time they’re talking about sales and this all sounds amazing. It’s not about the money you make but about the money that you take. It sounds great making £100,000 in sales but what
4 Strategies To Boost The Bottom Line In Your Business Read More »
There is so much to learn when you start out in business, you are being pulled in every direction and taking in all the information it can be really overwhelming and learning basic accounting terms is 100% not your top priority. However, understanding accounting basics can be extremely useful so that you can be on
7 Accounting Terms Every Small Business Owner Needs To Know Read More »
‘Why is my tax so high?’ Often your tax liability can seem so high sudden due to payments on account. What are payments on account? Payments on account are advance payments towards your personal tax liability. There are two each year, the first due by 31 January and second due by 31 July. You won’t
What Are Self-Assessment Payments On Account? Read More »
Making decisions in your business can be hard. Deciding on the best choice can be the biggest challenge. There are some people who always seem to be lucky, they are in the right place at the right time or just always winning OR maybe they are just skilled at making the right decision quickly. Leaders
4 tips for improving your decision making process Read More »
Is your business taking over your life? You never get a chance to switch off and there aren’t enough hours in the day? There is the saying that gets batted about ‘I’d rather work 80 hours for myself than 40 for someone else’ or similar thoughts but is this really the case? Remember, time is
4 Easy ways to get time back in your business Read More »
Ask any successful entrepreneur and they’ll tell you that HABITS are vital for success. What you do on one single day probably won’t make a huge amount of difference to your business journey. But it’s what you do each and every day that counts. Here’s a list of good habits for new entrepreneurs to prioritise
6 Great Habits for Entrepreneurial Success Read More »