Simple free tips and checks that will help your business
If you are starting up in business, leave your details and we will forward a free Business Start-Up Kit
No obligation, no hassle
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Are you a contractor or sub-contractor
This includes any personal service
See our Blog or Latest News
Danger Contractors or Sub-Contractors
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2 Minute Business Tax Planning Health Check
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Key Question
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All OK
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Needs attention
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Are you satisfied that you are trading in the most tax efficient vehicle (e.g. Sole Practitioner, Partnership, LLP or Company)?
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Yes
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No/Don’t know
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Are you utilising your new annual investment allowance?
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Yes
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No/Don’t know
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Have you considered ongoing business tax incentives (e.g. tax credits for R & D expenditure)?
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Yes
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No/Don’t know
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Have you planned for succession and/or retirement?
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Yes
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No/Don’t know
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Is your pay as tax efficient as possible?
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Yes
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No/Don’t know
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Do you know what tax advantages there are in paying into a pension and are you fully utilising them?
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Yes
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No/Don’t know
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Do you know what your intellectual property is and have you protected it? |
Yes
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No/Don’t know
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If you have answered “No/Don’t Know” to any of the above key questions, please contact us and we will be delighted to discuss what’s important to you right now.
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5 Tips to Surviving the Credit Crisis
1. Ensure you have credit control procedures and they are followed. Calling all customers on the Outstanding Customers Spike every Monday morning can be very effective in a small business. Customers will often pay those who shout the loudest, so, if necessary, make sure this is you.
2. Prepare management information – ensure you have some form of management accounts and cashflow projections are reviewed regularly and are accurate.
3. Agree which key performance indicators are most important for the business and review these on a regular basis.
4. If necessary, monitor and update cashflow projections on a daily basis.
5. Send out invoices on a regular basis and always agree with the customer the invoice amount in advance. The most common delay to being paid is a query over the invoice. If you agree a credit note send this out immediately too
Please call us if you would like to discuss further.
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