Blogs
Associated Companies – This could increase your Corporation Tax
Corporation Tax is now taxed in bands. As the image below shows, profits above £250k are taxed at 25%, those below £50k at 19% and profits that fall [...]
How small businesses can harness the power of Dynamic Pricing
In today’s fast-paced business world, staying competitive and maximising revenue is a top priority for small businesses. One strategy that’s gaining traction is dynamic pricing. This approach involves [...]
“We are what we repeatedly do” – the impact of positive and negative habits
As an accountant running my own practice, I often advise business owners on how to run better businesses and become better business owners. This advice is not limited [...]
“Every Business is the Same, I hadn’t realised”
In a meeting this week, a client said this to me. He had sold a successful business to start up a new venture and was feeling the pain [...]
Proper Planning Prevents Poor Performance
In the realm of business, small business owners must wield the art of effective planning to ensure success in the face of challenges and opportunities. The adage "Proper [...]
The Value of Having a Dedicated Accountant at Your Fingertips & No Extra Fees
In today's fast-paced business landscape, where technology often takes the forefront, the human touch remains an invaluable asset. For small business owners, having a professional adviser readily available [...]
Will The Corporation Tax Rises Affect Growth?
I am no economist, so I do not really understand the thought process of raising Corporation Tax at a time of high inflation. To me, the aim of [...]
Is your business dead in the water?
Times are undoubtedly tough - there is a cost-of-living crisis, inflation is high (although falling) and in an attempt to curb it, the Bank of England and the [...]
Has the music stopped for R&D Claims? HMRC Crackdown!
After years of seemingly giving a free reign over R&D claims with very little scrutiny, HMRC are now shifting significant resources to their Research and Development Anti Abuse [...]
The Power of Networking
Any marketeer will tell you that a successful marketing strategy needs to contain a mix of activities. One of these activities should include Networking. When you think of [...]
Making the most of your day
Effective Time Management Strategies for Small Business Owners A limiting factor refers to any factor or condition that constrains or restricts the growth, development, or success of a [...]
Fraud – What to look for and how to overcome it
In light of a recent story in The Guardian entitled ‘Victims speak out over ‘tsunami’ of fraud on Instagram, Facebook and WhatsApp’, where it was reported that there [...]
Customer Loyalty – a win win approach to marketing
I have been trying to buy a car recently and had such a mixed experience ranging from the ridiculous to the bizarre. From the uninterested salesperson, to the [...]
Are the government the creators of the rental crisis?
As property prices accelerate and first-time buyers struggle to afford to buy a home, the number of private renters has grown rapidly — from 2 million in 2000 [...]
Making tough decisions – The prerogative of Business Owners
It has been a tough week running Accsys, with some difficult decisions that had to be made. My philosophy is always to be transparent with my team, bringing [...]
FUTURE WEALTH WARNING (Updated)
Aged between 45-70? Check your state pension record now. This article does not constitute financial advice, please take independent advice on pensions before making financial decisions. Pension rules [...]
Artificial Intelligence (AI) – what is it and will it replace your work force?
AI has made the news this week with the BBC reporting that BT are shedding 55,000 jobs and up to a fifth of these will be replaced with [...]
Why a Regular Finance Meeting is important (FREE AGENDA INCLUDED)
We believe that a regular finance meeting is a sign of a healthy business. So much so, that we have written out an agenda for you to use [...]
Motivation – what is it and where has mine gone?
Motivation is the driving force behind why we do what we do. It is the internal or external process that energises, directs, and sustains our behaviour toward a [...]
The curse of assumed knowledge
Assuming that everyone has the same level of knowledge or understanding as you do, without actually checking to make sure, can be a problem in business because it [...]
Another Bank Holiday – are you joking?!
The title of this blog has come up in conversations with our clients recently, who cannot believe there is another bank holiday in May to celebrate the King’s [...]
“Don’t forget to get the receipt”, says the bookkeeper
Business owners must have a love-hate relationship with receipts. On the one hand they are a pain in the backside always having to remember to get them and [...]
End of Q1 – How are you doing vs your plan?
In January, we released our Recession Busting Business Plan template, and here we are now, at the end of Q1 2023 and I wondered how you are doing [...]
Keep it separate – why a separate account for your sole trade business is important
Working for yourself is difficult at the best of times - you have a lot of balls to juggle and things to remember. One of those things is [...]
The Importance of Non-Financial KPIs: Understanding what they are and why they matter
Peter Drucker once said, “If you can’t measure it, you can’t manage it.” Key Performance Indicators (KPi’s) are often associated with financial measures, but Non-Financial Key Performance Indicators [...]