“However beautiful the strategy, you should occasionally look at the results.” Winston Churchill
Do You Have A Clue? I am always amazed at how many small business owners do not have a handle on their finances or have a good grasp of what their business is or isn’t making. Apparantly around half of businesses fail within 5 years. Yes HALF! And they fail because of lack of profits […]
I Love This Story – It Epitomizes Value Pricing
I don’t know whether this is true but this is roughly how it goes: “EVER HEAR THE STORY of the giant ship engine that failed? The ship’s owners were losing huge amounts of money because the ship was idle and tried one expert after another, but none of them could figure out how to fix […]
Delighted to be listed in the Sunday Times!
“On Sunday 10th April the Sunday Times published their first supplement listing the Top 200 Accountants in the UK based on reviews on the independent consumer ratings website VouchedFor.co.uk. We are proud, but not at all surprised, to say that Paul Stankiewicz was featured. To be included Paul was highly recommended by 12 of his clients. […]
Pay Yourself Properly
If you run a small owner managed Limited Company it is not a good idea to mix your business and personal expenses and payments A company is a separate legal entity even if you own all the shares and is governed by company law. Director/owners of Limited Companies can pay themselves remuneration either via a […]
Cash Is King
It’s vitally important to understand the cash peaks and troughs in your business. It can mean the difference between success or becoming insolvent and business closure. Additionally careful injection of capital at the right time can take your business to the next level. You cannot operate even if you are profitable without cash to buy […]
The Taxman Is Not Patient & Mistakes Are Common
HMRC themselves in one year admitted that almost 5M people paid the wrong tax under PAYE. Tax evasion is taken very seriously by HMRC and criminal proceedings usually follow. The penalty regime in many cases is extremely harsh for late filings and mistakes. You MUST get your tax affairs in order from day one. If […]
Raising Finance
Disclaimer: Paul Marks & Co Chartered Accountants is the trading name of Paul Marks Ltd a Limited Company registered in England and Wales (registered number 4487645). This video is designed for the information of readers only and viewers should not act on any of the information contained in this article without seeking professional advice. Nothing […]
Dividends or Salary?
The budget has made significant changes to the way dividends will be taxed from 2016. This will undoubtedly have an effect on the tax planning arrangements of small owner managed businesses and contractors that trade through Limited Companies. These changes will come into effect from April 2016. Currently just so long as the amount of […]
A Sobering Tale For All Businessmen – Pick The Right Accountants!
I have written about this topic before but I thought I would share with you what can happen if you choose an accountant based solely on price or because you like their website or name or the fact that they are franchise I have been amazed in my career as a Chartered Accountant at the […]
Make Sure You Know How Much Profit You Are Making
Many small business do not have adequate systems for identifying the amounts of profit or losses generated by different products and services, or even by the business as a whole, yet this information is absolutely essential if you want you business to grow. It is also important to know the costs of different areas of […]
