Discover why 90% of hardworking entrepreneurs stay financially trapped despite decent turnover, and how Nobel Prize-winning research reveals the Four Quadrant Wealth Strategy that’s helping small business owners break through to genuine wealth.
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Why Your Profit Isn’t What You Think It Is: The Cash vs Accrual Mystery
Picture this: your profit and loss statement shows £40,000 profit, but your bank account is nearly empty. How is this possible? The answer lies in understanding cash vs accrual accounting methods. As a chartered certified accountant with over 10 years of experience helping UK small businesses, I’ll explain how these two accounting approaches can paint completely different pictures of your business performance – and why choosing the right method could transform how you understand your profits and make crucial business decisions.
Post-Brexit VAT Rules: UK Businesses Providing Services to EU Companies
Are you a UK business providing consultancy, IT services, or other B2B services to European clients? Understanding the VAT implications post-Brexit is crucial for compliance and maintaining competitive pricing. The Fundamentals: Place of Supply Rules The cornerstone of international…
5 Bookkeeping Mistakes That Are Killing Startup Funding Deals (And How to Fix Them)
Don’t let poor financial records kill your startup dreams – here are the 5 critical errors that make investors run and exactly how to fix them before your next pitch.
Autumn Budget 2024: What It Means for Your Business
Chancellor Rachel Reeves’ first Autumn Budget introduces several significant changes that will affect businesses across the UK. As your trusted financial advisors, we’ve analyzed the key changes to help you understand their impact on your business and plan accordingly.…
Break-Even Analysis for Small Businesses: A Practical Guide
As a small business owner, you’ve probably asked yourself: “How many sales do I need to cover my costs?” or “Is my business actually making money?” These questions are at the heart of break-even analysis, a powerful tool that…
Key Financial Ratios Every Small Business Owner Should Monitor
In today’s competitive business landscape, small business owners face numerous challenges. One of the most crucial yet often overlooked aspects is financial management. Many entrepreneurs find themselves struggling to keep their fingers on the pulse of their company’s financial…
How to Cut Costs Without Cutting Corners in Your Small Business
In today’s fiercely competitive business landscape, small business owners face a daunting challenge: how to trim expenses without compromising quality. The pressure to reduce costs is ever-present, but the fear of cutting corners and potentially damaging your brand looms…
Essential Bookkeeping Tips for New Startups on a Tight Budget
As a new startup founder, you’re likely wearing multiple hats and stretching every pound to its limit. Whilst it might be tempting to put bookkeeping on the back burner, maintaining accurate financial records is crucial for your business’s success…
The Baker’s Dream – A Story for Small Small Business Owners
In this short video, ‘The Baker’s Dream – A Story for Small Small Business Owners,’ we follow the journey of Sarah, a small-town baker with big dreams. Like many entrepreneurs, Sarah faces challenges and moments of doubt. But a…