If you are reflecting on where you are at and thinking about your business goals for the year ahead, we can help you establish measurable goals for your business in 2024.
Setting goals for you and your business in 2024
Writing a business plan? Read our guide
Your business plan is the sat-nav that keeps the company moving in the right direction.
Having that guidance can be a massive benefit to your success as a business. But what elements should you include, and what are the main considerations to think about?
How to handle annual close-downs
Many businesses temporarily shut down over the Xmas-New Year period. With a bit of preparation, employers can handle the annual close-down seamlessly and lawfully. Here are some tips.
A business budget will help with your financial decision making
Budgeting is about estimating your revenues, projecting your expenses and detailing the allocation of funds, so you stick to (and don’t overrun) your agreed budget ceiling. How does budgeting affect your business?
How can small businesses compete with the big chains?
In tough economic times, small businesses can struggle. Big multinational chains often have the scale to undercut local competitors and survive even when times get tough. What can small businesses do to retain and attract customers in a competitive market?
What will a National-led government mean for your taxes?
What are National’s proposed tax changes? Shifted income tax brackets, restored interest deductibility, a two-year bright line test and FamilyBoost.
How much should you pay yourself?
As the owner, you might need to underpay yourself in the early stages of building your business, so you can reinvest the profits. But your time is valuable – and you need enough money to pay the bills. So how can you find the right level of pay? It has to be enough to keep the mortgage paid, while also building a thriving business.
Getting in control of your inventory – to unlock efficiency and cashflow
With today’s inventory management solutions, it’s never been so easy to have complete oversight of your stock levels, popular products and restocking information. Data is king and the more information you have at your fingertips, the easier your stock management will be.
Business expenses you can claim against tax
Incurring expenses is an unavoidable fact of running a business. But which expenses can you claim tax deductions against and which don’t meet the tax-free criteria?
Here’s our lowdown on which expenses you can claim against tax.
The difference between statutory and management accounts
As a business owner, you know you need to produce accounts – that’s a given. But do you know the difference between statutory accounts and management accounts?