As your accountant, we often see the financial impact of people-related problems long before business owners do. Sick leave patterns, poorly managed restructuring, AI/privacy risks, they all hit the bottom line faster than you might think. Key insights shared recently by Bernie from King & Co, experts in practical operational HR support for SMEs. […]
Goals are what drive the long-term performance of your business. Agreeing on clear targets, and measuring your progress over time via key performance indicators (KPIs), helps you to understand exactly where the business is going. But how does this kind of performance management work in practice? Track your performance with KPIs Tracking your goals via
You’re passionate about your business. But what other areas of life are important to you? Running a business can become all-consuming, if you let it. That’s why it’s crucial to focus on your work/life balance, reduce your stress levels and make time for other passions in life. Managing your time to balance work and play
Making your business work for you: investing in your passions Read More »
It can be lonely at the top when you’re running your own business. As the owner manager, the buck stops with you and that can result in all the pressures of financial management, people management, strategy and business performance ending on your shoulders. To ease this pressure, it’s helpful to have a business adviser. An
The fundamental goal of any business is to make a profit. As a business owner, that’s one of your key financial aims – to make enough sales, at a big enough margin, to generate profit from your enterprise. But how does profit differ from cashflow? And why is cash king? How do profit and cashflow
Keeping your business cash liquid – the difference between cashflow and profit Read More »
When a company purchases fixed assets—such as buildings, vehicles, machinery, or equipment—it is making a long-term investment rather than an expense that immediately affects its profits. These assets are important because they help the business operate and grow, but they also impact the company’s financial records in several ways. Instead of simply deducting the full
The Fundamentals of a Business Budget A business budget is one of the essential tools in managing your business finances and actively building your business. A budget shows what you plan to do with your cash over the next year. For a complete picture of your business health, you need to review the profit and
Coping with the skyrocketing cost of living Whether it’s refilling your petrol tank or paying at the supermarket checkout, the higher cost of living is hitting every household hard. Across the world, everyday essentials have surged in price across the OECD. What can you do to try to keep up with the increasing cost of
Get in control of cashflow It’s a well-worn phrase, but cashflow really is the lifeblood of your business. When you bring in more money than you spend, you have extra cash to keep the business running and to invest in growth. If your spending starts to outpace your earnings, you’ll quickly run out of cash,
Did you know that the minimum increased from April 2025? Any increase in wages can have a significant impact on your payroll costs, cashflow and the profitability of your business. So, being aware of the minimum wage is a must. What are the main changes to the minimum wage? The Government has recently announced a rise
Changes to the minimum wage: what this means for your payroll Read More »
