Before the coronavirus mayhem, we held a successful event named 7 Ways to Grow your Business. The result of each of the 7 ways is; increased profit. Profit is: Profit = Sales – Direct costs – Overheads You have four choices right now: Do Nothing Retreat Take Normal Amounts of […]
Author Archives: Nick Wilson
15
Jul
Jul
A dividend is a payment from a limited company to the shareholders. There are some rules about when and how much the company can pay. Rule 1 – There must be sufficient reserves available to distribute. Put simply, the company has more assets than liabilities. If you have accounting software, […]
08
Jul
Jul
A lot of people ask if they should incorporate – (start to trade through a ‘limited company’ rather than a sole trade or partnership). I can’t stress enough the importance and value you will have from a proper consultation with a qualified accountant or tax specialist to make sure everything […]
25
Jun
Jun
Many people, business owners or not, know of a couple of finance options for their next big purchase or to improve cash flow but most don’t understand the difference or know alternatives. Here I will focus on the main options people have heard of and some common alternatives that I […]
16
Jun
Jun
I was recently in a meeting with a North East businessman discussing growth plans. We worked together to find out where he is now, and where he wants to be in 5 years’ time and how is he going to get there. . The usual answer (and a quite important […]
15
Jan
Jan
Xero as a standalone accounting package gives you good information. There aren’t as many reports as what other packages give you but the ones you get, are just you what you need. The dashboard presentation means some of the reporting like bank recs, debtors, creditors and cashflow are visible every […]
27
Nov
Nov
Apps, add-ons, integrations, these are all words you will hear a lot these days. They’re everywhere now; phones, televisions even accounts software! What are they? Well, in a nut shell they’re tools that allow you to do things more efficiently (in this instance run a business), as well as tailor […]