Christmas is upon us and the stores are full of festive joy. Your staff have already started to plan their Christmas meals, search frantically for presents and those Christmas parties are appearing in their diaries. It wasn’t that long ago that businesses, especially corporate service companies, welcomed the slowdown so they could catch up with […]
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My bank won’t give me a loan to expand my production. What should I do? The obvious – but wrong – answer is to look immediately for another bank that will lend. The danger is that your bank has made the correct decision on the information you gave it, and by simply reapplying elsewhere you […]
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Question of the week: 1. How will implementing FRS101 and FRS 102 affect my business and what should I be doing now to plan ahead (my year end is 31st December)? 2. Which is the better one to comply with? These were the 2 coupled questions posed by Colin from a manufacturing company. This […]
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What scheme would you recommend for a new company wanting to issue shares to staff based on some company performance metric in the future? Would an EMI options scheme be appropriate with the trigger event being, for instance, turnover of £5m? What other options are there? These were the 3 questions posed by Richard from […]
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Tectona is delighted to announce the launch of a new service designed to help you get your finances sorted out. Submit a question to “Ask the FD” and we will provide a quick answer and perhaps a pointer to useful material to give you chapter and verse. It will not be advice or recommendations but […]
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Over 20 years ago, this probably wouldn’t have even been asked as Sage was advertising that 80% of accountants would recommend their software over that of their rivals’. The campaign that featured this statistic was so successful that the whole education and training industry focused on Sage technology. This helped Sage consolidate their position as […]
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There is nothing more important to you than the financial health of your business. Without a healthy outlook for your business’s finances, you can quickly find that costs are spiralling out of control, profit margins are non-existent and your business is under real threat of closing. This is why some people, who perhaps don’t have […]
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Black Friday is the annual event where many retailers and other businesses offer special discounts for one day only. Previously, the day was only considered to be an American event, but more recently British shops have been jumping on the bandwagon to pull shoppers to their stores just before Christmas. This has helped to boost […]
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When it comes to running your business you need to ensure the financial side is efficient. Poorly managed finances can be disastrous to your financial safety and has often been the main cause of collapse of a business. Other than the main 2 specialist finance packages – Xero and Sage – there are a number […]
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Over-servicing is a significant problem for business owners. While many believe it is the only way to keep a client, it often has a financial cost that offers little value to you as a business owner. In many cases you would be better off letting a client go and finding a new one that will […]
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