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The 5 common fears people face when putting their business for sale
Most business owners will come to a point where they need to sell – whether to prepare for retirement, allow a change in lifestyle or move on to the next challenge. However, selling a business is a life-altering and often difficult decision. It’s no surprise that...
Five tips for achieving compliant cost analysis in R&D tax credit claims
UK Research and Development (R&D) tax reliefs are generous and relatively easy to claim, but in recent years HMRC has become increasingly concerned about non-compliant claims and fraud. This means companies can now expect a greater chance of HMRC scrutiny, so it’s...
ISO Implications of Cyber Security
It is important to understand how cybersecurity trends now and in the coming year might impact ISO standards (and, by extension, your business). The ISO guidelines for cybersecurity are set out in ISO 27001. These consider unique activities and their relation to other...
Understanding your Finances
This is article 2 in our series of 3 There are 3 layers of understanding that you have to achieve, and I will be covering these in 3 articles covering: Some basic tipsWhat are the key figures in your accounts?Digging deeper with good analysis What are the key figures...
Short-term solutions to address your business cash flow issues
When running a business, maintaining positive cash flow is essential. If for whatever reason, your cash flow is poor, it could lead you to fail to meet your financial commitments, as well as potential damage to those key relationships and disruption to your typical...
Commodity Insight – Stationery or Office Consumables
Here are all the points that you should look to cover when looking to reduce costs and maximise value in this area: Obtain itemised details of your historic purchases over the last 12 months. This should include product code, description, UOM or pack size, quantity...
Why it’s a good time to buy a business post-pandemic
The last two years of the coronavirus pandemic has been a challenging time for almost every business, with many undergoing seismic changes. Although the economy is now steadily recovering, there may be fears and uncertainties about taking the plunge to buy a business....
International Supply Chain Disputes & Supplier Validation – Pt2
Supplier issues can affect the overall business and can become an unrecoverable and expensive problem. Business owners can do a lot to prevent defective parts and materials from international suppliers from becoming a major business problem. Big-name suppliers first...
How do R&D Tax Credits boost cash for loss-making SMEs?
UK Research and Development (R&D) Tax Credits and Tax Reliefs apply equally to profitable and loss-making companies. This is sometimes misunderstood with people thinking that a company needs to be profitable to benefit. How much cash can be claimed by loss-making...
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