by Georgi Rollings | 14th August 2020 | Business Planning, Limited company, Sole trader, Tips and Tricks
The UK is officially in recession for the first time in 11 years. I don’t think anyone is surprised, COVID-19 has had a significant impact on almost every area of our lives. We can’t ignore that a recession means increased financial hardship for a lot of people. We...
by Georgi Rollings | 4th June 2013 | Limited company, Sole trader, Start ups
So you want to be more profitable. We all do. There are two ways you can increase your profits: Increase your sales income Decrease your costs Are you controlling your costs? There are a lot of easy steps that you could take to help you with controlling your costs,...
by Admin | 13th November 2011 | Self assessment, Sole trader
Many thanks to Tammy Furey of Furey Coaching for this week’s excellent blog post. ’tis the season to be terrified, tra la la la la la la la la. In the UK, as we rocket towards the end of the month, the self assessment tax return deadline looms like a spectre on...
by Georgi Rollings | 15th October 2011 | Accounting, Business Planning, Sole trader, Start ups
I was reminded this week just how important it is to have good visibility of your expected cash position. A friend updated their cash flow forecast and realised that they would be going overdrawn within a couple of months, and were able to get an overdraft agreed up...
by Georgi Rollings | 10th September 2011 | Accounting, Bookkeeping, Limited company, Self assessment, Sole trader, Start ups
Understanding your financial position is vitally important in giving your business the best possible chance of success. If you don’t have an accountant then its even more important that you are on top of your numbers. This week I’m therefore going to give...