3 Reasons you don’t have business records?
What are Business Records? No, not the musical kind that spin around and create great music. Have you got records of your business, or personal, activities? Insert your answer here . Here are te top 3 reasons why people don’t have business records: 1. […]
A 2 step guide to guaranteed increase in profit
Profit, what is it? In order to understand how you can guarantee to increase your profit, you need to know what profit is. For the purposes of this article there will be no tax implications, so profit is the “amount left over” after you have taken all the income and taken the expenses from it. […]
Cash flow drought? It can make you stronger…
No one can expect clear skies every day. This is especially true in business. There are going to be periods where cash flow is tighter than normal, and it may even dry up to a mere trickle. With the right preparation and measures though you can weather the cash flow drought and you can come out the other side stronger than ever.
Do you need to submit a company income tax return?
What is a company income tax return, and do I have to submit one? The short answer is yes. There is a misconception that if a company does not have to submit a company income tax return every year. It is a legal requirement for all registered companies to submit a company tax return on […]
Private and Confidential
All private and confidential as a standard. The term “private and confidential” is of the upmost importance when it comes to financial matters and especially personal finance or money, With any financial information, being personal or company, people are generally skeptical about handing their information over. This is especially true now with all the scams […]
Do You Speak Financial?
The language of financials Over the years, I have come across loads business owners who run their business and that’s where it ends. They rarely (if ever) glance at their financial statements. Also called financials or reports – it has many names that all mean the same. You know what they are – those things […]
10 tips for better financial management that anyone can do
Many business failures are caused by poor financial management and record keeping. The time frame is normally 3 – 5 years when failure happens. This is definitely avoidable through better financial management. Here are ten ways in which you can survive the tough year ahead through better financial management: Limit your capital expenditure It is very […]
Just one more role to go
All roles in one You own your own business, great! You started in your home and you did everything. Nothing wrong here. You were (and still are) excellent at what you do, so your company grew and continues to grow. One extra person became two, became five etc. These helping hands help you manage to […]
5 ways budgeting can predict the future
I know what you are thinking – I hate numbers and I hate budgeting even more! They are so boring and I often get it wrong. I understand why you say that and so many people think the same way. The truth is that it is vital that you get the budget as accurate as […]
How to choose an accounting system
When it comes to business and, in particular, the accounting aspects of it, there are different accounting systems that are suited to different companies. Choosing an accounting system for your business is all about “horses for courses”, to quote a well-worn saying. Some work better for some companies than for others, and no one package […]