Scenario planning might feel like an unnecessary step in your business strategy, especially if you run a small business. But it can help you prepare for future uncertainties by considering some possible situations and their consequences. If you’re keen to plan ahead for certain events how should you get started? Step 1 – Research Firstly, […]
A new online training course for small business leaders – called Help to Grow: Management Essentials – has been launched by the Government. The free self-guided course has been designed to offer practical advice and resources for small business leaders and is an introductory version of the full Help to Grow: Management course launched in […]
With the digital marketing industry expected to increase to 82 billion in 2024 and continue growing, implementing a strong digital marketing strategy is essential to build brand awareness, and increase sales, and conversions. Carla Forder, Founder and Director of Fandango Digital, a Digital Marketing Agency in Chichester, shares some tips on how to increase your […]
As a result of the pandemic, new working patterns have emerged, and many companies have adopted hybrid working policies for employees. But with the news that more businesses are keen for staff to return the office there’s been a call from hybrid workers for their travel expenses to be reimbursed. So, from a tax perspective, […]
The complexity of the tax system means that there are a number of business expenses which you might have overlooked or are unaware of. The following are particularly useful for sole traders or if you’re self-employed. So what will HMRC allow you to claim? Don’t forget that to be classed as allowable expenses, any of […]
Preparing your business for sale – particularly if you’ve established and developed it over many years is a significant decision. But if you’re approaching retirement or want to realise the value or equity you’ve built up, you may be keen to position your business for a potential future sale. If this is the case there […]
If you’re a stock-based business, then getting your stockholding and product costings right can be tricky at the best of times. But recently, the effect of high shipping costs, long lead times, material shortages and inflation have made the job even harder. Get it right and you will have a strong cash flow, happy customers, efficient use of space and most importantly, profit on every item you sell! Get it wrong and you risk letting customers down, locking-up valuable working capital and reducing your margins.
It’s December. We’re approaching the end of another year – a clearly defined period with a beginning and an end because a year is a year, right? It has 12 months, 365 days, sometimes 366, or 52 weeks. So why would a financial year be anything different to that and what difference does it make from an accounting perspective?
Adam Janering MA MCIPD is an HR consultant, supporting local SMEs with HR advice. He’s kindly offered to share some thoughts with our clients through a short series of blog posts. First up, Adam addresses whether HR is still required in today’s word of work.
As if to prove that nobody is immune to internal fraud, BrewDog CEO, James Watt, has gone public with information of a rogue employee at his firm in a bid to show it can happen to anyone and to remind companies to check their internal fraud systems.
Next in our series looking at how functionality in accounting software can be put to good use in SMEs, we consider the use of Cost Centres and Departments and how these can help you further analyse your accounts and support budgeting.
Today, the context of this question is far removed from introspection and now refers more to the way the business conducts itself, its impact on the environment and how it supports its wider community of neighbours, staff, customers, and suppliers.