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Category: Director

your business, changing lives

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Financial Management Challenges in the Care Sector and Solutions

If you run a business in the care arena, something like a foster care agency, child nursery, alternative education provision, care home you are faced with some unique business challenges. Having someone in your corner who shares your passion rather than someone who just prepares figures after the event can be a real godsend. So…
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Nurturing Finances: A supporting hand for Care-Centric Businesses

Are you running a children’s nursery, fostering agency, care home, or any business that focuses on caring for others? Do you remember when you were learning to ride a bike ? When that person teaching you gently placed their hand on your back to save you from falling and helping you with your balance ?…
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The Benefits of Regular Financial Reconciliation for Small Businesses

As a small business owner, you’re likely already aware of the importance of keeping your finances in order. Financial management goes deeper than paying your bills on time and collecting on invoices (although those are also important). It involves regularly checking up on your financial situation to make sure your accounts are in order, your…
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What is a VFO?

A VFO or Virtual Finance Office / Officer, is a service offered by an acountant where they bring the experience and expertise of a high-level Chief Finance Officer and finance suoort to your business – without the cost of hiring a full-time, in-house employee. It is a specialty provided to small and medium businesses and…
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Why local may be better than remote

As a business owner, choosing the right accountant is an important decision. While there are many remote accountants available to work with you, there are also many benefits to working with a local accountant. In this blog post, we’ll explore some of the key benefits of working with a local accountant and how it can…
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Now, Where, How ?

Now’s a great time to make a plan for the next 12 months. First, establish where you are NOW. Then, determine WHERE you want to be. Finally, work out HOW you’ll get there. For any sort of planning, whether it’s your Strategic Plan, Business Plan, or Personal Development Plan, you must first know your starting…
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The new VAT Penalty Regime – January 2023

HMRC are introducing a new penalty regime with effect from 1st January 2023. Under the new regime, there will be separate penalties for late VAT returns and late payment of VAT as well as a new methodology to the way interest is charged. This will replace the default surcharge regime and for most taxpayers should…
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Business tips for the end of the year

The end of the year tends to be a bit chaotic for business owners, but it’s actually a good time to get some extra housekeeping done for your business. Read on for some tips to help you finish the year neatly and feel prepared to face the new year. Review your goals and KPIs A…
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Do you feel like a slave to your business?

Feeling like a slave to your business implies the loss of control; thinking that you need to be available to your customers 24/7 and that your team can’t cope without you. It can also imply a victim mentality – that this is just what it’s like to be a business owner and that it’s not…
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Strengthening your balance sheet

Your balance sheet (now more correctly called a Statement of Financial Position) reveals a great deal about your business, including the total value of your assets – the things you own; how much you owe to others – your liabilities; and the level of your solvency. These three aspects will be studied carefully by lenders…
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