2023 has been a challenging landscape, with small businesses are navigating a sea of complexities. As an entrepreneur, you must be asking yourself: “what are the pitfalls that lead to the downfall of many small businesses?” Awareness and strategic action are key to ensuring your business doesn't become another statistic. This [...]
As you may know my raison d'etre (my reason for being) is to help small businesses and their owners. For anyone who has read my book, The Organised Business, you will know I put this down to the trauma of being raised in a small family business that failed and had [...]
As a business owner and leader, it's easy to fall into your comfort zone. The day to day grind of the many challenges faced by owners can mean that you find yourself stuck in a rut, where growth becomes stagnant and where motivation to push the business forward is low. This [...]
It’s difficult to be optimistic at the moment. So many businesses are feeling the pinch and finding things difficult. It’s the perfect storm of high interest rates, high inflation and high business failures. According to the BBC, insolvencies are as high as they have been since the financial crisis of 2009. [...]
It was with great sadness that I woke up to the news of Matthew Perry passing last Sunday. Like most of us I was glued to Friends in the 90’s, and then again in the 00’s, and again recently as my children discovered it. Chandler was an amazing character, his one-liners [...]
So, you have decided it is the right time to sell. But is your business ready to sell and what can you do to maximise its value? Getting your business ready for sale isn't something to be rushed. It takes some careful preparation to make sure you get the best value [...]
You have worked hard building a business but are now considering whether it’s time to sell – to cash out and move on. Here at Accsys Accountants we have seen, and been involved with, many clients who have decided enough is enough and sold their businesses. There are many reasons that [...]
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 to financial matters; it also encompasses cultivating positive habits, and avoiding negative ones, that can significantly impact the success and sustainability of their [...]
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 Government are seemingly crippling the economy. Add to this the fact there appears to be a lack of people willing to work. Many [...]
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 Unit. The new unit is dedicated to reviewing R&D claims for both small and large companies. HMRC estimates that the total monetary value [...]
