Business tips: Writing a mission statement

Jan 12, 2024

You’ve had your initial business idea and written a plan. But do you know WHY you’re creating this business, or HOW you’ll deliver your end product/service? What will the company’s underlying purpose be and how will your core values drive the...

How the increased minimum wage will affect your business costs

Jan 8, 2024

Although inflation is now on a downward trend, the sharp cost rises over the last 18 months are baked in. Energy prices are increasing again and the overall economic outlook isn’t very encouraging. The good news is that by acting now to manage these increases you can...

A business budget will help with your financial decision making

Jan 5, 2024

Budgeting is about estimating your revenues, projecting your expenses and detailing the allocation of funds, so you stick to (and don’t overrun) your agreed budget ceiling. How does budgeting affect your business? Having a clear, agreed budget gives you a structured...

The VAT domestic reverse charge: what your construction business needs to know

Jan 2, 2024

The VAT domestic reverse charge came into operation in March 2021, introducing significant changes around how VAT is collected and paid within the construction industry. So, how does the domestic reverse charge work?: The domestic reverse charge applies to...

Holiday cash flow for your small business

Dec 30, 2023

Are you heading away for a break from the business this year? This time of year can be hard on small business. Your expenses continue and your cashflow can suffer when your debtors go on holiday. Leading up to the holiday period, is your business cash flow in good...