Accountancy

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…

Accountancy

How to scale your small business

Scaling a business can only go so far by selling more of the same. Once you have reached capacity you will probably need to look at a new, scalable business…

Accountancy

What will you do differently this year?

2024 was a transition year for me. In business while we settled an acquisition with new clients and new team. At home I waited to move home. Now that those…

Business

What recruitment crisis?

On the one hand I hear people (accountants and other businesses) complaining about the lack of suitable recruits, on the other hand I see my kids’ clever school leaver friends…

Business

How I manage to run three businesses (and still sleep 8 hours a night!)

People often ask me how I manage to run three businesses. It started 15 years ago when I set up Hudson Business Accountants and Advisers to fit around my small…

Accountancy

Motivation is what gets you started. Habit is what keeps you going

It’s a quote by entrepreneur Jim Rohn I encounter far too many instances where people explain that they’re struggling to achieve anything because they’re ‘not feeling motivated’. While we all…

Accountancy

What does it mean to be a professional?

You may not know that I belong to two professional bodies. I’m a Fellow of the ICAEW (Institute of Chartered Accountants in England and Wales) and also a member of…

Accountancy

90 day planning

A lot of businesses don’t bother with a business plan because things change and they’re out of date almost as soon as they are written.  I sympathise.   Although I do…

Accountancy

HMRC do not make the law

HMRC do not make the law, they interpret it in the same way that accountants and tax advisers do. If we can’t agree on the interpretation then the courts will…

Business

New year clear out

You don’t have to wait until the new year to do it (see also Spring cleaning and back to school flurries of activity) but I do like an excuse for…