Common mistakes Business Owners make.

Are you Guilty……? I have encountered various common mistakes that business owners make. Here are some of the most common ones: 1. Lack of planning Many business owners fail to create a well-thought-out business plan that outlines their goals, strategies, and tactics. Without a plan, it can be difficult to stay focused and achieve success. […]

Tax Tip – Pension changes and the impact for business owners

Tax Tip ! This is a positive change for employees and business owners? These changes came into effect on 1st January 2023. 1. Employees They will now be given the same tax treatment as scheme members of occupational pension, in relation to any employer contributions to their pension scheme. Previously on the employers contribution paid […]

Tax Tip – Medical check-ups

tax tip

Tax Tip ! Can a company provide a Medical check-up tax free to employees? There are not many opportunities for employers to provide benefits to their employees (including Directors) tax free but this is one of them. 1. personal health A company may pay for one medical check-up each year for each employee. The guidance […]

The Company Balance Sheet

5 Key things that the Company Balance Sheet can tell me.. what will a balance sheet tell me about my business? A balance sheet is a financial statement that provides a snapshot of a company’s financial position at a particular point in time. It provides information on the assets, liabilities, and equity of a business. […]

Is it time to fire yourself or your CEO?

Is it time to fire yourself…… Do you get distracted and find yourself doing things that are below your pay grade, if so you need to pass these on to someone who can do them quicker and free up your time to focus on sales and increasing your bottom line.   7 Ways CEO’s let […]

New Revenue reporting on expenses coming

Heads up! More Headaches for business owners coming in 2024 So what are these new reporting requirements and how will they impact you and your employees?  Revenue are joining up all the dots and want you to help them with enhanced reporting on payments being made to employees and/or directors. These are being labeled “Enhanced Reporting Requirements” and […]