We saw interest rates on deposits tumble during 2020 with many schools now seeing significant reductions in the interest they receive and receiving a shock when existing Fixed Rate deposits mature, and they look to renew them. In fact, we have seen some banks offering as little as 0.03% interest … [Read more...]
5 ideas to improve cashflow
A successful business is successful because it always has cash coming in, not because it sells a lot, or has a good margin. A (lack of) cashflow causes businesses to fail, or succeed. You're not working hard for profit, you want CASH. How is your cashflow and do you regularly focus on improving … [Read more...]
Delivering Customer Value
Understanding what your customers really value can help you to market your products and services more effectively. We normally find that our clients want to earn more money from their business; may clients have recently found that delivering customer value is a great way to earn more … [Read more...]
Tax planning to minimise the high income child benefit charge
The substantial increase in the higher rate threshold to £50,000 is good news for many taxpayers. However child benefit starts being clawed back at that same figure, and there has been no increase in that threshold since the High Income Child Benefit Charge was introduced in 2013/14. High … [Read more...]
3 tips to raise your prices without losing customers
The cost of running your business goes up every year if you're like most of our clients. The real question is when did you last increase your prices? We help our clients to understand their profit margins and the impact that has on what they can take home for themselves; but many business owners … [Read more...]
