by Simon Baxter | Oct 28, 2022 | Business Updates
If you are considering your business strategy, then this is a common tool used to assess your business environment. It is an acronym standing for the six external factors affecting your business. Political Economic Social Technological Legal Environment In the...
by Simon Baxter | Oct 21, 2022 | Business Updates
I trained as a chartered management accountant, and budgetary control was a major tool in controlling business finance dating back to the founding of my institute in the 1920s. So, one hundred years later, how is it doing? Depends on size. As a management tool it...
by Simon Baxter | Oct 12, 2022 | Business Updates
Open banking was mandated by the EU in 2016 with EU Member States required to transpose it into National Law. It was implemented in the UK in January 2018. Its purpose was to allow financial information to be made available to outside companies such as other banks,...
by Simon Baxter | Oct 7, 2022 | Business Updates
There are many cloud accounting systems available for small businesses, but Xero and QuickBooks are probably the most capable and widely used. Which should you choose? Accountants love both products. The US favours QuickBooks whereas Europe prefers Xero. Both have...
by Simon Baxter | Oct 5, 2022 | Business Updates
Of all the performance measurements that a small hospitality or manufacturing business can use, Gross Profit %age is the most useful. It is calculated as follows: Sales less Direct Costs as a percentage of Sales Direct costs are those expenses which vary with sales....
by Simon Baxter | Sep 29, 2022 | Business Updates
As we said in an earlier blog, we are pleased to have young William Burlingham on our team as a full-time in-house IT support Technician. It is maybe a bit unusual to have such a resource in a small practice like ours, but this reflects the huge changes in technology...
