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10 Effective strategies to manage and reduce your staff costs without effective your customer service
10 Effective strategies to manage and reduce your staff costs without effecting your customer service When employers face increases in staff costs, they can employ various strategies to manage the situation effectively. Here are several approaches they can consider: 1. Review and streamline operations: Evaluate the organisation’s workflow, processes, and systems to identify areas where […]
Employer costs to increase next year
Employers – Additional costs to take into account when budgeting staff costs for next year. Costs are only going one way for employers and unfortunately that is not down. While increasing wages and putting more money in everyone’s pockets is a great idea and most employers would welcome that as a sentiment. However we need […]
Who’s being a busy bee?
We’re In a changing world where being productive trumps being busy every time. Here are some of the ways we can become more productive in our working day: Are you Guilty……? In a recent Vistaprint business survey their found that most small business owners reported spending more time on administrative and project management than on […]
Retirement Relief
How do I sell my business while minimising my tax liability? Point to note – Although this is referred to as Retirement Relief by Revenue, you do not need to retire from the business. For those aged 55 or older, you might be able to claim Retirement Relief. This is a relief on Capital Gains Tax […]
Pitfalls of outsourcing your accounts
The pitfalls of outsourcing your accounts and what are the solutions? If you are considering outsourcing your accounts, forewarned is forearmed. Above all, avoid rushing into it without careful examination of the pitfalls and how these will impact you and your business. When looking at your outsource options you are always comparing what you currently […]
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 ! 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. […]
Interested in growing your business? – We examine the origin of 5 well know brands that became household names
Interested in growing your business? Being different and showing how you are different can a way to separate yourself from your competitors. The bread and butter of success is often a simple vision that is executed with focus and perseverance from the founder and the team around them. However it is the interesting stories around […]
