Guaranteed Business Success

Succeeding in business is hard.  No one can guarantee success, but there are some surprisingly achievable characteristics of financially successful businesses.  Sadly, less than 20% of businesses reach their 5th birthday.  The main reason for not doing so is that they run out of cash.  Even companies with growing sales fail.  Running out of cash can happen to businesses with poorly performing sales as … Read More

Coronavirus Job Retention Scheme – October

From 1 October, the government will only pay 60% of wages for the hours the employee is on furlough (up to a cap of £1,875). Employers will continue to pay Employers NI and pension contributions and also pay the top up of 20% to ensure they receive 80% of their wages for time they are furloughed (up to a cap … Read More

Flourish or fail?

For most businesses, this year has been a write off, and we now only have 90 days left of 2020. You may have an overwhelming feeling of uncertainty, worry and the fear of failure as we draw closer to the new year, however, these last 90 days are the most crucial days of the year when it comes to running … Read More

Winter Economy Plan

Chancellors recent announcement This afternoon the Chancellor outlined his Winter Economy Plan, where a series of measures to help jobs and businesses were announced. Below you will find an overview of what you need to be aware of going forward. Support for Employees A new Job Support scheme will be introduced on 1st November – This scheme will last for … Read More

Are you where you want to be?

In today’s world, we are continuously working towards tackling obstacles and learning new skills. And, at times it can be very overwhelming, especially in recent circumstances where there has been a lot of uncertainty and presumably, a lack of sales. With that being said, now is a perfect opportunity to look at where you are and determine whether you are … Read More

Are you using cloud based accounting?

What is cloud based accounting? Cloud accounting keeps your business books online – with the inclusion of records from your income and expenses, and assets and liabilities. Cloud accounting means you can access your accounts from any web browser, or from and app on your phones. You can connect the software to your business bank account so that banking transactions … Read More

Why should your small business have management accounts?

Management accounts are a set financial statements, typically prepared on a monthly or quarterly basis. They provide key financial and statistical information that allow you to make timely decisions within your business. Management accounts consist of a profit and loss report, balance sheet, cash flow statement a short overall report of the business. Also, they can be tailored to your … Read More

What can we take from lockdown?

The last few months have been a tough time for most of us. Having to shut down, or switch to an entirely digital, remote working model was a stressful experience for us all. Whether it enabled us to explore new ideas or dive into fresh thinking regarding work or home life, there have been a few things we can take … Read More

Eight C’s to help your business during Covid-19

Last Friday we ran our first targeted webinar ‘Your Business Continuity Plan’ which allowed those who attended to get an insight on what needs to be included in order to create a successful plan for their business during the Covid-19 outbreak. Every news story we come across now is covering the “C-word” and it can be a little daunting at … Read More

Coronavirus Business Interruption Loan Scheme (CBILS)

Additional information & FAQs CBILS is a funding package, available to all viable small and medium business who have faced financial difficulty during the COVID-19 pandemic. The package is available without requiring a personal guarantee for loans under £250,000. Since 23 March, around 1,000 loans worth around £90m have been processed. This number is expected to increase in the coming … Read More