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.…
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…
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…
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…
How to avoid burnout
We seem to live in a real hustle culture where working longer hours is seen as a good thing. As you know I’m a great believer in using technology or…
Tax return season is approaching
At Minerva Accountants we aim to get everything completed in plenty of time so that the team aren’t missing out on Christmas with their families or working overtime in January.…
How much cash should I keep in my business?
Another question to which the accountants answer is … it depends. It depends on your cashflow forecast and the likelihood of all the money coming in on time. Next week…
Making cash collection part of your customer service
Most small business owners hate chasing customers for payment. (The only exception I know is a client who used to send witty poems to late payers) This means that it…
How to improve your cashflow
Cash is king. Most small businesses fail due to lack of cashflow so here are some ways that you can improve yours: 1. Only sell on credit to creditworthy customers…
Why do we have an annual price increase?
Once a year we increase our prices across the board. This is in addition to increasing/decreasing prices as clients increase/decrease the services that they need from us. As most of…