Category Archives: Uncategorised

Tax-free benefits for You and Your Employees

Tax-free benefits for You and Your Employees

Tax-free benefits for you and your employees Certainly paying tax-free benefits to yourself and/or your employees is a marvellous situation. Most importantly there is no tax or NIC to pay.  In addition, your company can deduct the costs from business profits. Above all the benefit must be paid for.  In other words, don’t provide the funds with which to buy

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Credit Controller – What to Look for

Credit Controller – What to Look for

Choosing the right Credit Controller: Credit control is such an important area in the business world.  However it’s a subject that is all too often put on the back burner.  As a result sometimes when work gets busy one of the things that can get delayed is the sending out and chasing up late payments. So for that reason we

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Credit Control- Get paid on time!

Credit Control- Get paid on time!

Get paid on time You need to be paid on time with your business and being more C.A.T. really helps. Money is needed to pay bills, pay staff wages, repay loans, investment, and also to pay yourself. If your business doesn’t get paid on time, you are heading for financial problems. Get your credit control right. A profitable business does

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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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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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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

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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Budget In Business

Budget In Business

To help you budget within your business, you need to have a “Personal Survival Budget” in place. What’s you minimum survival budget? Few businesses make enough money in the formative years. In order to find out how long you can continue trading, establish what your minimum survival budget is and how much money comes into the household excluding what you

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Credit Control

Credit Control

Are you taking charge of your credit control? This is an area that many of us find difficult to fit in to our working lives. However take note it’s really important to keep on top of it- it’s the lifeline of your business after all. 3 questions to ask yourself regarding credit control: Are you on top of your credit

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