You’ve all probably heard a variation of this phrase, but I find that many business owners have a notion of what profit is, but very few actually understand in depth what their business’ profit is and how it is derived…. This is where a management accountant can help.
As experts in Xero, we’re always keeping an eye on the development work that our friends at Xero HQ are performing, and putting in requests on our clients’ behalf for enhancements they’d like to see in the software. So we thought it would be a good idea to pull together the new features that have appeared within Xero over the last 12 months that are likely to be of the most use to our clients… Continue reading
Despite the recession being technically over, it’s still a tough time for many businesses out there. So what would you do if one of your major customers went under, owing you a substantial amount? And what steps can you take, right now, to ensure that you do not become a casualty of another business’ collapse? Continue reading
A few weeks ago we alerted you to the fact that penalties for late filing of RTI submissions were due to start for the smallest employers from 6th October 2014… well, no sooner had the ink dried on my proverbial keyboard, then HMRC did an about-face. Yet another extension until the penalty regime starts – this time 6th March 2015!
Freeman Accounting Services Limited has been approved as a registered Growth Voucher adviser as part of the government’s Growth Voucher scheme, launched earlier in 2014. This means that we are authorised, as part of the scheme, to provide strategic advice in the areas of Finance and Cashflow to businesses wishing to grow and up to 50% of the cost of that advice may be funded by the government’s voucher scheme.
Key Performance Indicators (also known as Key Success Indicators) are a type of performance measurement that an organization can use to evaluate its success and make sure that it is giving sufficient focus to the core activities that will drive that success. Large organizations will certainly have these in place, but they are equally as vital for small businesses who aspire to do great things. And we all want that for our businesses, don’t we? Continue reading
A really significant change to Statutory Sick Pay (SSP) from this month seems to have largely slipped under the radar of both accounting professionals and employers likewise. And it’s going to potentially have a massive impact on small employers, so why was this not properly communicated by HMRC in the way that the Employment Allowance has been? A classic case of burying bad news perhaps??
Seeing the way that the forecasts by the Office for Budget Responsibility seem to be forever shifting from one Budget statement to the next, made me ponder the true value of a forecast. After all, even within the space of a few short months, the assumptions on which the state of our nation’s finances are assessed can vary enormously. So is there any real value in a forecast, if it keeps shifting so much…? Continue reading
But yet there are lots of additional activities we know we should be doing to drive our businesses forward—we just never seem to get to them. How can we squeeze more time into our already busy days to get those additional things done?
It is very easy in business, as in life, to get absorbed in the day-to-day running and to forget to take that step back once in a while, and consider, heaven forbid, how you, or your business would cope if the unexpected happened.