Business

When can you afford to retire?

At some point we all want to retire from our business so it’s important to understand how that will impact on our future income. For me, this starts with a…

Business

Plan your business like a marathon

Building your business isn’t a sprint but a marathon. It takes a bit of planning.  Plan – find a plan that is right for you. Right for where you are…

Accountancy

Does 2% feel like nothing?

It’s a pretty small increase but increasing your prices by 2% will increase you turnover, your profits, and your cash. Reducing your costs by 2% will increase your profits and…

Accountancy

Limitations of AI

At risk of sounding like a luddite: AI is not the answer to everything. AI has the potential for so much good but people really don’t understand the limitations. The…

Business

Which CRM?

After last week’s post I was asked which CRM we use. As I run three businesses (Minerva Accountants, Hudson Business Advice, and Minerva Technology) we use two different systems. You…

Business

Implementing a CRM system in your business

Once your business outgrows you and a few contacts on your phone it is worth implementing a proper CRM (customer relationship management) system.  Register with ICO (Information Commissioners Office) and…

Business

How to get funding for small businesses

A compelling business plan – we’ll cover this in a separate article Track record of success – if you have a successful business it is much easier to find investment.…

Business

Till systems with stock control

Gone are the days of huge cash register full of … cash. These days most banks charge to bank cash (if you can find a branch) and HMRC definitely prefer…

Accountancy

Why bookkeeping software will help with MTD

MTD (Making Tax Digital) will require businesses to keep digital records and to make quarterly submissions to HMRC. Clearly using bookkeeping software will help businesses to comply with these requirements…

Accountancy

Improvements at HMRC?

There is a new facility for tax agents to escalate unresolved PAYE and self assessment queries after 4 weeks. You need to have exhausted the usual channels such as the…