In a boost to millions of jobs and businesses, Chancellor Rishi Sunak has extended the government’s furlough scheme until the end of October 2020. The decision was announced in the House of Commons on 12 May 2020, confirming there will be no changes to the current...
Now is the time to think about how you are going to grow your business, after the lockdown. Set out your goals The current disruption being experienced by businesses across the world is a huge challenge. However, it may also be an opportunity for your firm. Start by...
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...
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...
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...
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...
