2020 is only 3 months away – What’s in the forecast?

2020 is only 3 months away – What’s in the forecast?

When we set out on a fishing trip or hike, we always check the weather forecast. It’s no different in business. The forecast tells us if there’s bad weather (poor cashflow) in store based on the direction we’re heading. Your forecast will tell you: Whether you have...
What is employee engagement and why does it matter?

What is employee engagement and why does it matter?

An engaged employee is a team member who is fully absorbed by and enthusiastic about their work, and who takes positive action to further a company’s reputation and interests and achieve their goals. More importantly, what does a disengaged team member look like? The...
Cash vs Accrual Accounting – It’s All About Timing

Cash vs Accrual Accounting – It’s All About Timing

What are the two methods? Understanding cash and accrual accounting comes down to timing. In a cash-based accounting system you recognise income and expenses when they happen, that is, when the money arrives into or leaves your bank. In an accrual-based accounting...
Dividends and paying yourself as a director

Dividends and paying yourself as a director

As the director in a limited company, dividend payments are the usual way for you to take money out of the company – and see a financial return on your investment into the company. Dividends are payments made to the company’s shareholders when the business has made a...
Become a digital business – futureproof your tech

Become a digital business – futureproof your tech

In the online, connected world that we now live in, it’s important for your business to be digital. Digital technology has revolutionised the options you have available as a small business, with a wealth of cloud-based solutions and apps helping to automate the admin,...
Identifying factors that may influence your Succession Plan

Identifying factors that may influence your Succession Plan

The world is evolving at an unprecedented pace. A changing landscape in your industry, global trends, and other environmental factors will influence the timing and strategy behind your succession. One thing is for sure, a successful and profitable business can’t...