If my business is making a profit, where’s the cash?
Some small business owners find themselves in the difficult position of running a business that appears to be profitable, but still having no money in the bank. It’s an important situation to address. After all, a lack of adequate cash flow is one of the main causes of small business failure. Here are three reasons […]
Why your Accountant Needs to Understand your Business
Understanding what a business ‘really’ does From the very start of running my accountancy practice, I recognised the importance of really understanding a client’s business. Not just what sector they operate in but what they actually do on a day to day, week by week, monthly basis. Knowing that your business is in construction or […]
Where’s the cash? Solving the mystery of missing profits
Starting a business is a wild ride with its fair share of ups and downs. One hurdle many new entrepreneurs encounter is the difference between the profits they expected and the hard cash available at the financial year-end. This guide aims to alleviate these concerns by shedding light on where your missing revenue might be […]
Know What You Want
Having clarity over why you do what you do goes a long way towards providing you with peace of mind and it makes work more fun and enjoyable instead of stressing you out. One of my favourite questions to ask business owners is “What do you want?”. All too often I’ll be met with […]
Cash Flow Advice for Small Businesses
Solid cash flow management is vital to ensuring your business survives, but not everyone understands what cash flow is or how to manage it. That’s likely what makes it a leading cause of stress for small business owners. In fact, a recent study found that 42% of small business owners say cash flow management is […]
Am I paying too much tax?
Am I paying too much tax? Have you ever asked yourself this question? Your business is growing, its profitable. You hear accountants say paying more tax is a sign of success – a profitable business. But is it? Are you paying too much tax? Does the size of your tax bill cause you to […]