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Are you undercharging for your services? It can be hard to tell, particularly if you’re in a niche industry or you’re a contractor. Costs have been rising, so it may be time to rethink your own pricing. Here are five signs that you might be undercharging: What should you be charging? Finding your pricing sweet […]

The four-day work week is a winner – or at least that’s the result from a major pilot program conducted at 33 international businesses. With employees working only four days, the companies involved saw a 38% increase in revenue year-on-year, despite no reduction in pay for employees. Every single business involved in the trial is sticking with

Whether you’re selling or buying, it’s important to make sure that any VAT invoices you issue or receive comply with the strict VAT regulations. Failing to do so can cause problems both for you and for your customers. If you reclaim VAT using a defective invoice, HM Revenue & Customs (HMRC) can disallow the claim.

Your breakeven point is the income, or sales, needed to cover all of your business costs. Any earnings above this point generate profit. So, in a nutshell, your breakeven point tells you the minimum sales needed to keep your business profitable and viable. Combining your understanding of the breakeven point with detailed financial reporting from

Authenticated digital signatures can be a valuable part of your cyber security approach. They are more efficient than printing, signing and scanning documents and provide one-off encryption for the highest level of security. In fact, they are more secure than a handwritten signature. If you have a lot of documents that require signing within your

When your business needs new plant or equipment, what’s the best choice – buy or lease? The answer will depend on your specific circumstances, but there are some basic considerations that can help you weigh up the options. The advantages of buying Buying gives you certainty and ownership, at a higher upfront price, but a

Smart use of automation doesn’t just help you scale up your business more quickly. Business process automation (BPA) helps you streamline your operations and save money by eliminating many of the repetitive manual tasks involved in your customer support and customer-facing processes. Embracing the benefits of automation Digital transformation has been a powerful trend in the business

If you’re an employer, your payroll costs make up a big chunk of your operational expenses. Helping to reduce those labour costs is good news for your cashflow. So, now may be the ideal time to explore the Employment Allowance and find out if you can claim this useful allowance. We’ll explain the details of the allowance,

It’s important to be aware of new technology that could help your efficiency in any business. We’re used to companies using cloud systems, integrated apps and online solutions to maximise efficiency and data integration. But what can artificial intelligence could add to the mix? How does artificial intelligence work in a business context? Artificial intelligence

It’s a well-worn phrase, but cashflow really is the lifeblood of your business. When your cash inflows are greater than your cash outflows, that puts you in a positive cashflow position – giving you the liquid cash needed to trade, improve and grow as a business. But if costs start to outstrip your income, that