Successful business owners are passionate about “The Numbers”. But, the funny thing about the numbers is that they must be accurate and up-to-date, otherwise they are of no value.
The first building block of accurate financial data is your bookkeeping records. Within your business the workflow process and data entry rules must be designed to consistently capture all the transaction information, […]
Success can be dangerous, especially when that business success is dramatic. It can lull you into a false sense of security, even a degree of complacency. That is unwise because trading risks are ever-present. A business owner must always be vigilant, ready to act.
Decision-making is especially important when considering a new capital investment. For most private businesses, capital investment will […]
Financial loss and business disruption is inevitable for a number of suppliers and subcontractors who will be hit by the collapse of Carillion. We encourage all business owners to contact us to review how this business tragedy will affect their own business. We can then help each business to prepare a plan to protect their financial and trading stability.
Most business […]
£1m to £120m GDV in five years.
The remarkable property success of Nicole Bremner.
“It’s no secret that when I started out in property I knew nothing. Not a thing. Now in my fifth year in property development, I have eleven projects across London. These projects contain more than 400 units and are worth more than £120 million in gross development value”, […]
Although trading conditions remain very challenging, there is still scope to improve sales performance and profit performance.
One effective step that all business owners can take is to ensure they operate a sales management and profit management information system that is simple, effective, and scalable. That will save time, money, and frustration. A good information system will ensure all sales opportunities […]
As of January 13, 2018, businesses will be prohibited from adding surcharges to recoup transaction fees on purchases made using a personal credit card. One of the first organisations to impose this ban is HMRC. As of 13th January 2018 HMRC will no longer accept personal credit cards as a method of paying tax bills.
The surcharge ban extends to bank […]
Many employees and employers need to prepare for a significant increase the cost of automatic enrolment minimum pension contributions. For example, based upon the Average Weekly Earnings, seasonally adjusted, for a private sector worker (£503 pw as of July 2017), the employee’s minimum monthly contribution will increase by £33.80 per month, and the minimum employer’s increase will be £16.90 per […]
How many times have you seen family wealth squandered? Lavish lifestyles, unwise investments, and naive business decisions quickly burn through inherited family wealth.
You know that it usually takes a lifetime of hard work, long hours, risks, and sacrifices to build up a family business and worthwhile levels of family wealth. So how will you prevent your business and family wealth […]
If you receive dividend income of more than £5,000 are liable to income tax on the excess. You must include that information on your self-assessment tax return.
If you have not submitted a tax return in previous years, you must now register with HMRC and submit a return. The registration process involves a couple of steps, and is likely to take […]
Begin with the end in mind
It is always essential to keep a clear head and remain focussed on your goals before considering any new challenge or possible opportunity. Property market conditions, tax and legal changes, should all be assessed in relation to their impact on your priorities.
For example, if your priority is long-term capital accumulation, focus on which market development […]