Business tips: Using forecasting to help your decision-making

Producing regular management information is one way to help improve your business decision-making. But looking at historical numbers can only tell you so much. In business, you want

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Why are some expenses not allowed for tax?

As a business owner, you’ll be looking for every opportunity to claim back expenses and minimise your tax liability. But not everything that falls under expenses is tax-deductible.

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Understanding your revenue drivers

For your business to make money, you need to generate revenue.   You produce revenue through your usual business activity, by making sales, getting your invoices paid, or

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What value can automation bring to your business?

Automation has the capacity to revolutionise your efficiency and productivity. But how many of the automation features that are available to you are actually being used? And could

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Are you making time for mindfulness?

As business owners, we all know the pressure of being the driving force behind a business. It can be a stressful experience, and this can have an impact

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What business taxes will your new company need to pay?

As the founder of a company, there’s a long list of compliance tasks to get your head around – and one of the key tasks will be registering

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Back to Tax Basics: How does VAT work?

Value-added tax (VAT) is a consumption tax that’s levied on goods that have had value added at each stage of the supply chain.   Most businesses with annual

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Planning for the future with Business Property Relief

Planning for the future doesn’t only mean thinking about your business growth. It’s also important to think about what happens when you pass away – and the impact

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Understanding Your Balance Sheet

To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the statement

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Understanding Your Statement of Cash Flows

The statement of cash flows, (also known as the cash flow statement), shows how your business has generated and used cash (and cash equivalents) within a specific time

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