Category Archives: Business Support

Management Reports

Management 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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Management Accounting

Management Accounting

What is Management Accounting? First of all it is using accounting and business information to make informed business decisions more efficiently, and more immediately. Financial accounting This tells your business story through your financial statements to those outside of your business. These statements are typically your profit and loss, balance sheet and cash flow statement. They are  produced once a

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Your Business Plan: 5 points to get it right

Your Business Plan: 5 points to get it right

Your business plan plays a vital part in getting business success. Furthermore it not only helps you navigate an uncertain business landscape it can help reduce the risk of it all going wrong. First of all planning is a mindset approach to your business. The plan captures in words and numbers the results of some clear thinking and likely outcomes

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How to Pay Yourself: Salary, Dividends & Benefits

How to Pay Yourself: Salary, Dividends & Benefits

How to pay yourself: Company owners and directors often ask us “do I pay myself salary or dividends, and how much should that be?”. Every situation is different, therefore the answer to the question depends. This article will look at the salary versus dividends decision. We will throw some numbers in to show the financial difference. Furthermore we will be

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VAT And Pricing

VAT And Pricing

VAT- What is it? VAT  is a tax on sales, not profit. It is a multi-stage tax, charged at each stage of the business cycle on the “value added” at that stage. Most importantly the basic principle is that the VAT is actually paid by the non-VAT registered customer. VAT is charged on the taxable supply of goods and services

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Filing Your Tax Return- A Guide

Filing Your Tax Return- A Guide

Filing your tax return: Being an early bird can really help reduce your stress levels, giving you more time to just get on with your business and your life. Here at Pro Active we have put together a short guide on tax returns if you want to complete your own. If after watching our video you feel more comfortable with

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Profit & Your Break-Even Point

Profit & Your Break-Even Point

Profits & your break-even point are so important to businesses that we’ve dedicated this blog and clip to this subject.   You might be wondering why knowing about this is important. Stay with me as we look at break-even. The bottom line is knowing your gives you better business insights and helps you make more profit in your business. Let’s

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Property Is A Business

The Business Of Property Property is a business.  Therefore run it as one, because it is not just an investment.   There is money to be made in property.  Therefore before money starts rolling in there’s lots to think about, including: Returns Decide whether you’re going for capital growth, income or a mix Ownership of properties Individual, partnership, LLP, single company

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Business Budgeting For Success

Business Budgeting For Success

Understanding Business Budgeting Business budget for success First of all a successful business needs the solid foundations of sound financial management built into its overall strategy.  For that reason finances should underpin every aspect of its work.  Activities need to be planned and costed, so resources are properly considered. “Failing to plan is planning to fail,” Benjamin Franklin “Those who fail to

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