In our previous 2 articles we looked at: Pricing vs. Charging: What’s the Difference? The 5 Gotchas of Discounting Discounting certainly has its place. But make sure you are clear just why you are doing it. Here are some examples of how discounts can be used to achieve different business goals: Clear inventory If you have […]

Pricing and charging are two terms that are often used interchangeably, but there is a subtle difference between the two. Pricing is the process of determining the value of a product or service, while charging is the act of collecting payment for that product or service. Pricing is a strategic decision that should be made […]

It seems that a lot of business owners try and do everything themselves – even the stuff that they are not really that good at. Doing this simple exercise may be the single best way to get you to take some tough decisions which will really benefit your business – and end up outsourcing some […]

Selling your business is a complex and emotional process. But it can also be a rewarding one. By following these 9 Dos and 5 Don’ts, you will increase your chances of selling your business for top money … and on your terms. Dos Start early – selling your business takes time and you need to […]

Hiring a part-time Finance Director (FD) can be a great way to save money on your business finances. However, there are a number of things you can do instead of hiring a part-time FD that will save you even more money and give you more control over your finances. Here are 5 things you can […]

A part-time finance director (FD) can be a great asset to your business. They can provide you with the financial expertise and support you need to grow your business and help you to achieve your financial goals. However, to get the most out of your part-time FD, you need to be clear about your expectations […]

Research & development (R&D) claim preparation is a technically-demanding process and potentially distracting to a business when they are not set up to produce the correct analysis of expenditure or supporting records. Update Sept 23: Especially as we now know there are 2 key process changes to be aware of.  The first is the requirement […]

Back in the autumn of 2022, Chancellor Jeremy Hunt announced his financial plans for the UK economy in 2023 and beyond. The proposed changes, set to come into force in 2023, seek not only to reduce the potential for error and fraud in Research & Development (R&D) claims but also to ensure the UK remains […]

If you have undertaken work (either in-house or for a client) which involves you creating new products, new processes, new knowledge, new devices or new services (or developing existing ones) then you may be eligible to claim R&D tax credits. This generous government incentive provides support to all risk-taking companies who use science or technology […]