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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Making Money

Making Money

Business must make money! First of all where we say business, we mean private or not for profit. Likewise when we say money, we mean profit. Furthermore, don’t dismiss: • How you make that money • What your business values are • The amount of money you want to make; and • What you do with that money Above all,

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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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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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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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