In today’s data-driven world, management information (MI) is no longer a nice-to-have; it is a must-have. It is the lifeblood of any organisation, providing crucial insights that should drive your decision-making and strategic planning. We all have to prepare annual accounts; but this information will be largely ancient history by the time it is completed, […]
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Xero vs. QuickBooks vs. The Rest In today’s digital age, small businesses in the UK have a plethora of accounting software options to help them streamline their financial operations. However, two giants dominate the landscape: Xero and QuickBooks. And the decision is perhaps not quite so clear cut as it used to be. Both packages […]
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Introduction Buying a business can be a strategic move to complement and accelerate growth of an existing business you own, a way to diversify your portfolio, or simply to fulfil a lifelong dream of entrepreneurship. However, it is a complex process that requires careful planning and execution. This article will delve into the key steps […]
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Running a business is rarely easy. Change is the new normal and this brings its own challenges. If you are running a business and there is significant change, these are the sort of signs to look out for that could mean that a fractional FD/CFO is for you: Experiencing financial challenges This is a worrying […]
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These are what we see as the 4 key benefits of having a fractional FD/CFO rather than a full-time permanent member of staff: Expertise – you will get someone who is not only a highly qualified finance expert, but someone who has a wealth of experience garnered from working in many businesses probably going through […]
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We have already outlined the role of an FD/CFO in this article, whether that is full time, interim or fractional. A fractional FD/CFO provides the financial oversight but they will be supporting multiple businesses – perhaps a day or two per week in each one. In terms of the role and responsibilities, the two are […]
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Soundbite: A FD/CFO is a highly experienced finance profession who is responsible for the strategic financial management of the business. What does this really mean? We can view this as two main areas: Tactical – Helping you understand where the business is – right now: this is the crucial task of ensuring that the finance […]
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It is all too easy to make assumptions, isn’t it? And, as I found out to my cost, doing this can come back to bite you. More specifically, when asked what Tectona does, my answer is usually something along the lines of: “Tectona provide part time finance directors/CFOs to owner managed businesses who don’t need, […]
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Understanding and benefiting from Research & Development (R&D) tax credits can be crucial for businesses, especially with recent updates and increased scrutiny from the government and its agencies. In January 2024, the National Audit Office (NAO) published a report highlighting widespread errors and fraud, and shortcomings in HMRC’s processes for R&D tax credits, prompting significant […]
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For UK small businesses, navigating the maze of accounting software can feel like wading through a vat of receipts. But fear not, brave entrepreneur! Two titans – Xero and QuickBooks – dominate the scene, and a host of plucky challengers fight for your attention. Choosing the right champion for your financial needs is crucial, so […]
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