New Year Resolutions for Family Companies

1. Deliberately decide what to take out Why? Because getting the best tax results is never a matter of chance The most tax efficient way to extract profits for director-shareholders is usually to pay a minimal salary and top up with dividends. The salary level can be...

The Benefits of Quarterly Strategy Meetings

Meeting with your accountant on a regular basis is vital to enable your business to grow. At quarterly strategy meetings, your accountant should hold you to account to make sure you are meeting your business objectives and you understand the numbers. The benefits of...

How Can ‘What if’ Scenarios Improve Business Performance?

Planning for and analysis of different scenarios is essential for all businesses to ensure their future success – performing ‘what if’ scenarios can help business owners to better understand each financial decision or investment. ‘What if’ scenarios can improve the...

Why Cash Flow Projections Are Essential for SMEs

Cash flow is a major headache for many businesses– if a business runs out of cash and is unable to get any funding, it will become insolvent. A business owner that focuses on profit and ignores cash flow is at higher risk of failure – by calculating your projected...

How Can KPIs Improve Your Business Performance?

Key Performance Indicators (KPIs) are measurable values that show how effectively a business is realising its key objectives. How you measure the success of your business is vital to ensure you meet your overall strategic plans and objectives. Measuring KPIs helps you...

Bringing Your Year End Accounts to Life

Are you fed up with your usual year end accounts meeting where your accountant talks you through your statutory accounts and you are not sure exactly what they mean? Year end accounts are seen by many clients as a necessary evil. So as part of our year end meeting...