Strategy – choosing what not to do

by Will | Apr 10, 2024 | Business, Leadership, Management, Strategy

  The essence of a good business strategy is choosing what not to do. Resource allocation is a fundamental consideration in any business strategy. Businesses operate within finite constraints, such as time, finances, or human resources. Choosing what not to do...

The Budget and VAT

by Will | Apr 10, 2024 | Bookkeeping, Business, Personal Tax, Strategy, TAX, VAT

From 1 April 2024, the VAT registration threshold and deregistration thresholds each increased by £5,000 to £90,000 and £88,000 respectively.   The thresholds had previously been frozen at £85,000 and £83,000 since 1 April 2017. According to the government, this...

The value of teamwork

by Will | Apr 3, 2024 | Business, HR, Leadership, Management, Strategy, Well-Being

  None of us is as smart as all of us. Way back in the 1920s the Hawthorne Studies, conducted by Elton Mayo, highlighted the importance of groups in affecting the behaviour of individuals at work. Fast forward to today and workplace design has evolved from solo...

High-Income Child Benefit Charge

by Will | Apr 2, 2024 | Personal Tax, Planning, Strategy, TAX

Approximately 180,000 families are encouraged to reconsider claiming child benefit following changes to the high-income child benefit charge (HICBC), which apply from 6 April 2024, when the thresholds will be increased. You may have to pay the HICBC if you are...

Cash basis of accounting – is it right for you?

by Will | Mar 14, 2024 | Accounting, Bookkeeping, Strategy, TAX

HMRC are removing many of the restrictions on the use of the cash basis, reducing the complexity of tax returns and making tax simpler for small businesses (apparently!). The cash basis is a method that businesses can use to calculate trading profits for income tax...

Becoming a trusted advisor

by Will | Mar 12, 2024 | Accounting, Bookkeeping, Business, Customer Service, Exporting, Management, Marketing, Planning, Sales, Strategy

Becoming a trusted advisor to your clients involves building relationships and taking the time to understand their world. Becoming a trusted advisor instead of “just another supplier” takes time and necessitates providing value to your clients by focusing on helping...