Here are five tips for planning and reducing the amount you pay in tax.1) Know all the different taxes payable by your businessThe first thing you need to do is to ensure that you have identified all the different taxes your business is liable for. Mo ...
To maximise your creative agency's profits you need to know your key financial information. You wouldn't drive a car without a dashboard!In addition to the usual profit and loss statement, balance sheet and cash flow forecasts, these are the four critical financial reports that ca ...
Employee ownership, where workers have a voice as well as a stake in the success of their business, is widely considered to help drive staff commitment, productivity, resilience and innovation. Evidence shows that businesses adopting the employee ownership model can be more profita ...
Most small business owners would consider external investment at some time or other for a variety of reasons. It could be an opportunity to invest in more marketing, additional equipment or develop a specific technology to use within the business. Bringing with it what could easily be the k ...
Unless you are planning to close down the business on your final day and extract no value from the sale of your business, then you don't really have to care what happens. Recent surveys show approximately 60% of small business owners have no succession plan in place. However, a ...
By Ayo OtubanjoCash flow isn't just a worry for struggling businesses. You may have built a cast iron strategy and the future looks bright, but take your eye off your cash flow and you won't be there to enjoy it.Here are the top 5 reasons why your business needs that free-flowing ca ...
By Ayo OtubanjoImagine sitting in a meeting with prospective investors. You are asked some questions about your business' financial performance of the last three years. Should you simply hand over the statutory accounts your accountants have prepared for you? Or do you have key performance metrics t ...
By Ayo OtubanjoIt doesn't matter what you know or how good your work is, if your doubts and fears hold you back you will never reach your potential. A brief blog isn't going to transform your mindset in 2-minutes. But it might just spark your curiosity to start on the road to a more positive, ca ...