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48 articles in Business
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How would your business manage if you were suddenly out of action for a period of time? Have you thought what might happen to your business, your customers, your suppliers and your staff? A friend of mine has been taken seriously ill and is unable to think about, let alone do, any of the financial tasks that are part of running her business and it made me think what would happen to my business if this had happened to me. And then I wondered how many other business owners would be prepared for this type of situation. What things would suffer in your business if you were not available to do them?…
Working with a wide variety of businesses and business owners I frequently see how different attitudes to business finance affects business development. There are business owners who are …
So many business owners think keeping their accounts or "doing the bookkeeping" is just entering data and therefore anyone can do it. But is it just data entry or is there more to it than meets the eye? Having been a bookkeeper for many years I know there are numerous business owners who think keeping their accounts is data entry - money in and money out. And for many businesses it is as simple as that. But there are also numerous business owners who know there is far more to keeping the accounts than that. …
The media has been reporting recently on HMRC inquiries into the employment status of BBC personnel. The inquiries will establish whether workers should be taxed as employees or whether they are self employed. HMRC have always been very clear that employment status is never a matter of choice but is dictated by the employment relationship. So how can you, as an employer or an employee, ensure you are not subject to an HMRC inquiry?…
If you are a business owner do you have the skills you need to process the payroll for your employees? It is not always as straightforward as you think and you will only find that out when you have an angry employee or two demanding explanations or HMRC contacting you. Is it worth the risk?…
This week I thought I would tell you about my experience of good customer service - not once, but twice in one week. A couple of weeks ago unfortunately I had reason to make 3 complaints about services in just two days. Its not something I would normally do but all of these things I felt should be reported.…
What would you do if your computer was hit by Ransomware? This is becoming an increasing threat to everyone in business or personally. Even if you know to be aware of dodgy emails it can still get in to your computer. I am sure everyone receives emails with invoices, or statements, or payment information attached. You know they are suspect if you don't generally receive this sort of information, but as a bookkeeping practice we do genuinely receive this information for ourselves, on behalf of our clients and in emails we deal with in our clients' offices. Until you have previewed or opened an email you don't know whether it is from a genuine supplier or whether you have just released a virus into the computer.…
The living wage of £7.20 per hour came into effect on Friday 1st April for employees aged 25 and over but how does this affect employers and how does this benefit employees? On my drive to work this morning the media are still talking about how employees will have an extra 50p per hour in their pay packet but this is not strictly true.…
At our February Monday Business Contacts meeting which was close to Valentine's Day our discussion topic, was "What do you love about being in business?". Our brief discussions each month are an opportunity to share business thoughts, ideas and motivate others. Being a business owner can be lonely and connecting with others socially once a month can be a really helpful way of sharing good and bad times and being reminded why being in business for yourself was such a good idea.…
Every business owner should prepare for the unexpected. According to the FSB (Federation of Small Businesses) every year one in five businesses suffers a major disruption and one in ten of these cease trading due to this disruption. What preparations have you made to overcome disruptions to your business?…
48 articles in Business
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Old Sarum, Salisbury
Salisbury
Wiltshire
SP4 6QX

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