56. Do You Know The Lifetime Value Of Your Customers?

When it comes down to your customers, they each have a lifetime value. This value is important because it can help you determine just how much time and money to invest in acquiring a customer. With this information, you can do detailed budgeting and marketing avenues scrutinised to check they are worth the spend. So, […]

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55. Are You Claiming Your Research And Development Tax Benefits? Here Are The 5 Steps You Simply Must Take

The costs our businesses spend on research and development are often taken for granted; and worse still, from an accounting perspective, rarely classified as R&D. After all, some expenditure can be seen as wasted when we follow certain paths that don’t lead to a successful outcome. The Financial Act 2000, states that at least a […]

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52. 5 Questions You Simply Must Ask When Hiring A CFO

When you are looking to tighten the financial aspects of your business it is always best to look for a quality Chief Financial Officer, or “CFO”. A person in this position must have particular qualities and you should have a certain vibe when you meet them. Otherwise you will find that the working relationship is […]

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51. To Employ or Contract Out?

Recruiting and maintaining staff can be one of the most expensive costs for your business. It isn’t just the wages that you need to consider when hiring staff. Making the wrong hiring decision can be disastrous. Therefore, it is important that you consider the hidden or forgotten costs of employing new staff. It is especially […]

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49. Interest rates will rise but when?

In the summer of 2013, the Governor of the Bank of England, Mark Carney, stated that the Monetary Policy Committee would not consider increasing interest rates until unemployment was at 7%.  At the time unemployment was at 7.8% and it was projected to take a couple of years to get down to the 7% target. […]

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48. Watch out for those start-up bear traps

I can safely say that a couple of my clients think I’m a pretty good guy; and for an accountant, that can be a slightly unusual place to be! The reason is embarrassingly simple.  They are both CEOs of young businesses that have been going full steam for a year or so with the business […]

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46. How do you value a business?

“If you are thinking of buying or selling a business … here is a combined personal and professional perspective!” So – how do you value a business? Any accountant who has sat professional exams will remember this as a study topic loved by examiners probably due to the rich source of complex calculations on some […]

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40. I have an Accountant – why do I need an FD?

I am regularly asked why a business should have a finance director when the business owner already has an accountant who completes his/her annual report and accounts? The answer is that they perform very different roles. As a keen archer, I use the analogy of receiving a report of your scores at the end of […]

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