Making Tax Digital – accounting software

Making tax digital is the government’s plan to take information for tax purposes directly from business owners’ online accounting software with no recourse to their accountant. This explains why HMRC are so keen to work with Xero, QuickBooks and FreeAgent. This move was foreseeable, and should be less of a shock to forward-thinking business owners…

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“What’s your business worth?” I asked.

A client of mine decided recently to incorporate his business. “What’s it worth”, I asked “Does it matter” he replied “I’m not planning on selling”. “Yes you are” I told him. “Incorporation of a business or ‘going limited’ as many people call it, is legally and for tax purposes a sale from one party to…

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Are you making the right choices?

The news this week of business failures past, present and possibly future is alarming. Stories of incompetence, ignorance and a lack of information on a huge scale. I was fortunate to have respite from this doom and gloom on Thursday when I attended  a masterclass with a very successful entrepreneur whose wisdom would have prevented…

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What differentiates successful business owners from the rest?

This weeks Sunday Supplement is shorter than usual because this month I am prioritising writing the content for our next ‘Business in a box’ which launches in March. But last week I took two days out to attend an event and a workshop to advance my learning and knowledge. Not everyone does this which got…

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Bore da!

This morning I am in Cardiff, so bore da from the nation’s capital. I am here to attend a client’s board meeting at which they will discuss and prepare their budget for the coming year. They have a formal and structured process for doing so which I will facilitate and advise on. It doesn’t just…

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An important lesson for entrepreneurial business owners

This week the news has been dominated by the collapse of Carillion, which will have huge repercussions for not just the staff they employed but also the 30,000 smaller businesses that relied on Carillion for their income and survival. There are a number of lessons entrepreneurial business owners can learn from this debacle that, like…

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