From Burgers to Billions: How McDonald’s Mastered the Numbers Game
Subject: From Burgers to Billions: How McDonald’s Mastered the Numbers Game I was talking to a client this week who just like Mcdonalds had a ‘Eurika’ moment when he suddenly found out after tracking his sales that one of his products was making more than all the others put together!!💰 Ever wondered what separates a […]
Are you transferring shares in your owner managed business to your spouse – make sure you don’t fall foul of the income shifting rules
The tax rules seek to PREVENT someone gaining a tax advantage by arranging to divert his/ her income to family or friends taxable at a lower or nil rate. For example where a husband and wife own equal shares in their own company but the husband is the only earner💰 This piece of legislation is […]
Small Businesses – Should I buy a car on my company?
I am asked many times should I buy/ Lease a car on my company or pay for it personally. The answer as always is never as simple as the question and depends on whether it is a car or van, whether it is electric or not and whether you use is personally or ONLY for […]
Small Businesses – Common Mistakes Made In Bookkeeping
We generally use Xero for keeping the books of our clients, we offer them the choice, we do the bookkeeping or you can do it. What we generally find is most clients think they can do it but realistically they can’t and we have to pick it up after they have usually made some fundamental […]
Small Businesses – It’s So Important To Have Up To Date Information
Many businesses do not have adequate systems for identifying the amounts of profit or loss generated by different products and services, or even by the business as a whole, yet this information is absolutely essential if the business is to grow stronger. It is also important to know the costs of different areas of administration, […]
Taxpayers – Tips To Minimise Your Tax Liability
Tips to minimise your tax liability. Taxes are like the unsolicited guests that show up at your doorstep every year, uninvited and ready to take a chunk out of your hard-earned money. But fear not, fellow UK taxpayers! In this blog, we’re going to dive into the world of tax efficiency and equip you with […]
Small Businesses – Save Alot Of Time & Money Using OCR Technology
I am always amazed how many small business owners do not take advantage of all the technology out there, it can not only save you a lot of time but also a great deal of money. One such technology is Optical Character Recognition (OCR), and in this blog post, we will explore why small businesses […]
Small Businesses – Don’t forget the importance of keeping your statutory books.
This is an area that is largely neglected by most small business owners – especially owner ,managed businesses. However: One thing most businesses also do not do especially personal service companies is issue ‘dividend vouchers’ and note an minute the resolution approving the annual or interim dividends. Statutory books can be used as evidence in […]
A little known Property Requirement – Additional Tax On Enveloped Dwellings
He was asking me questions about tax on his properties I asked him whether he was filing ATED returns and he was unaware that there was a requirement to file them. An Annual Tax on Enveloped Dwellings (ATED) return is a tax return that certain UK companies and individuals must file if they own a […]
Don’t Pick Your Accountants Or Tax Advisors On Price!
Last week a client of ours came back to us. Six weeks ago, they had left as they had been talking to a friend of theirs who said that their accountants were far cheaper than we were. They came back to us because their new accountants were not providing the level of service, professionalism and […]
