Categories: Uncategorized
Entry Thumbnail

How flat rate VAT scheme might save you cash!

As this article is about VAT – I am unusually going to start with a health warning. Don’t mess with VAT authorities – if sales of your business are likely to be £81,000 or more you have to register for VAT. And while most of VAT is straightforward there are […]

Posted by
Entry Thumbnail

Why percentages (and ratios) can save you cash!

There is a common misconception that an experienced finance person can look at a set of management accounts and highlight one or two numbers that indicate the health or otherwise of the business. But this isn’t how it works – because every business is different and has different relationships between […]

Posted by
Categories: Uncategorized
Entry Thumbnail

Let your Chart of Accounts save you cash

Your chart of accounts (CoA) is the list of headings (or homes) that your accounting package uses to categorise your business income and expenses. By grouping transactions in sufficient detail you can really understand whats going on in your business.  For example rather than just recording  marketing as a lump […]

Posted by
Categories: Uncategorized
Entry Thumbnail

Good Documentation Saves Cash

  January can be a pretty tough month for trading after the hump of Christmas – unless you happen to be a fitness coach or selling diet supplements…so as well as reviewing your marketing plans, use the time to make sure you have all your business arrangements properly documented.  In […]

Posted by