Keeping business and private payments separate
Many business owners still pay private bills from their business account. This can significantly add to the workload in preparing business accounts in having to identify which is business and which is private and means many more transactions need to be processed than necessary. Yes, funds will be needed to be taken to meet personal […]
The power of podcasts
Podcasts are a powerful tool that can help business leaders and brands to engage with their target audience. Although they have been around for a while, podcasts remain very popular, and businesses can utilise them as an effective marketing tool. The conversational nature of podcasts is their primary strength, and a branded podcast is the […]
Building a more sustainable business
What can your business do to help create a more sustainable future? Sustainability remains a key area of focus for businesses and governments around the world. However, driving a more sustainable approach to business is not just something that large corporations do. Small to medium-sized businesses can also contribute to a sustainable future through energy […]
Directors Loans
All too often, directors treat the company bank account as if it were their own personal funds, and just help themselves to monies as and when required, just as they would have done if they were still a sole trader. However, these funds belong to the company which is a separate legal entity. If the […]
Empowering your team to succeed
Empowering your team is crucial for creating a productive and positive work environment. As a manager, it’s in your interest to empower your team to succeed. It all starts with communication. Maintaining open and transparent communication ensures that your team is always informed about goals, expectations, and any changes within the organisation. Regular meetings and […]
Digital lead generation
How to build a digital lead generation strategy for your firm. Building a digital lead generation strategy involves several key steps in order to attract, engage, and convert potential customers into leads. Define your target audience Understanding who your ideal customers are will help tailor your marketing efforts. Conduct market research to identify demographics, preferences, […]
Selling On Credit? Keep On Top Of Your Debtors…
Pension auto enrolment was set up in 2012. All employers must provide a workplace pension scheme. This is called ‘automatic enrolment’. When you are selling and offering credit terms to your customers, it is essential to keep the cashflow moving. After all, your suppliers and staff want paying on time – as do you personally! […]
Managing a restructure
Managing a restructure Whether times are good or bad, sometimes a business needs to restructure in order to move forwards. A restructure of any business requires careful planning, transparent communication, and thoughtful implementation to ensure a smooth transition and minimise disruption. To begin with, you and your management team should define the objectives and rationale […]
Do You Use Accounting Software? Don’t Forget The Mobile Apps
You may be using cloud accounting software such as Xero or Quickbooks on your desktop PC. But there are also “apps” that mean you can do a lot of work easily whilst out and about. This is especially useful for example when at a customer – why not raise the invoice there and then […]
Are you paying dividends legally?
It is common for a limited company to remunerate the directors/shareholders via a combination of dividends and salary. A dividend can only legally be paid however if there are sufficient reserves in the company to be able to do so. Where shareholders have received a distribution (e.g., a dividend) from the company knowing at […]
