Category Archives: Accountancy

Budgeting & Setting Targets

Budgeting & Setting Targets

Budgets: Setting Targets Budgeting involves setting targets.  Clear targets motivate people to high performance levels. Budgets are your stories of tomorrow. They show choices, aims and objectives. Targets are typically shown in terms of money, i.e. income, costs and profits.  Tough targets play their part in motivation and performance. One use of budgets is to measure business performance.  If income

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Budgets and Planning

Budgets and Planning

Budgets are planning are part of the same tribe,  Planning is a great part of your business mindset.  Business Budgeting and planning has to be in your business toolbox. Introduction Every organisation needs sound financial management as part its strategy, finances underpin every aspect of this work. Each activity should be planned and costed, resources must be considered. The budget

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The Art of Budgeting

The Art of Budgeting

A budget is a plan expressed in money.  Your budget tells your future story in monetary terms. Budgeting is one of the most powerful business and management tools around. It plays a key part in planning, control, and decision-making. In the beginning Firstly, decide who is going to be involved in the budgeting process, include those who will deliver specific

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Voluntary VAT Registration

Voluntary VAT Registration

VAT registration, doing it sooner and being an unpaid tax collector seems crazy. It looks complicated, not to mention time-consuming.  However, with the right help and guidance, VAT registration, operating it and invoicing are straight-forward and easy to navigate. Your business must register for VAT if Your taxable supplies, including zero-rates sales, have gone over the registration limit in the

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Bookkeeping

Bookkeeping

The importance of Book Keeping  Bookkeeping, or keeping financial records is vital.  More importantly we need to know what we are spending, and where the money’s coming from. Making good judgements when one has complete data, facts and knowledge is not leadership – it’s bookkeeping, Dee Hock Business also needs to know other things, such as The profit being made

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Business & Trust: It’s like Credit Control

Business & Trust: It’s like Credit Control

Have you ever wondered what TRUST has got in common with Credit Control? Furthermore, why is TRUST in Business so important? “If people like you they’ll listen to you, but if they trust you, they’ll do business with you.” Zig Ziglar. As a matter of fact, the concept, idea and practice of TRUST is a broad one. TRUST plays a

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Business Success

Business Success

Business Success Business success, and how we achieve is often talked about.  This blog will look at talk about what helps us get business success. What is business success to you? In the beginning we need to think about we think success looks like to us.  Furthermore, we need ask this question in advance of doing what we do. Objectives

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Company Car’s & Tax

Company Car’s & Tax

Company car’s: Are low emissions cars tax efficient? First of all significant changes are being made from 2020-21 to the company car tax benefits-in-kind bands affecting ultra-low emission vehicles (ULEVs). The taxable benefit arising on a car is calculated using the car’s full manufacturer’s published UK list price. It includes the full value of any accessories. This figure is then

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Management Accounting Reports

Management Accounting Reports

Management Reports: What’s Best Practice First of all Management Accounting requires Management Reports. Management Accounting tells your business story on a more regular, efficient and informed basis. For this reason you should design the layout and content of your management accounts to provide the most useful data to enable good business decisions. So when designing a good performance report there

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Business Growth

Business Growth

Your Business Growth Story Business growth stories tell you Your profitability What things cost Information on Controlling & managing cash Planning Returns and Information for the Tax authorities, sending in VAT and Tax returns Telling your business story mainly comes from your financial and business transactions.  This includes what you’re spending, where money’s coming from, money coming in and out

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