Subjects: News and insights

Careful when making donations from trading companies to charities

Many charities that I come into contact with use a subsidiary company to carry out their trading activities. This includes charity shops, gift shops within say a museum or other trading that’s done to support the main charity.
The subsidiary company would […]

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Charities must report serious incidents

The Charity Commission urges charities in England and Wales to report any suspected or confirmed serious incidents.
Serious incidents are defined as events which risk or result in major problems. Such as significant loss to a charity’s money or assets; damage […]

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Developing your business strategy

Bigger and break-even or smaller and more profitable?  Which would you prefer?
As a business adviser I spend most of my time discussing business strategy with clients – how to grow their business and increase its value. It’s […]

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Having up to date management accounts is a must

Do you think you know your business well enough to dispense with the need to prepare regular management accounts?
Can you really say you have control over your business if you don’t have up to date figures to hand?

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Changing your accounting system

There comes a point when a business outgrows their financial accounting system and it ends up holding them back.
Take stock of the accounting system you use and what it does for you and the man hours it takes to undertake […]

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Cloud based accounting – making accounting easier

A lot of what we do now on our home PCs is being saved on the cloud. The world of accounting and the accounts software has also changed and evolved.
Over recent years more cloud based accounting solutions are coming onto the […]

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Tax advantages for the staff Christmas party

Staff Christmas parties are a way to celebrate the festive season with colleagues and let your hair down after a long year of hard work. So how does our tax system join in with the festive spirit at Christmas?
The cost […]

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How to choose the best business structure for your start-up

“What is the best structure for my business?”
We are often asked this question when someone wants to start a new business. The predictable, time-honoured answer is, of course: “it depends”.
The main points we consider:

What is the nature of the business?
Who […]

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Planning ahead for succession

Do you own and manage your business? What will happen to it when you retire? Don’t put off the emotive decision about handing over the reins of your business.
Succession planning
If you have created your business from scratch, nurtured it through […]

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Avoid a cyber attack – 5 tips for SMEs

Everyone is talking about the threat of a cyber-attack. One misconception is that it only happens to big businesses. These are the cases that the media report, but it affects much smaller businesses too. What’s more, the effects for SMEs […]

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