My karate coach once said to me: ‘sometimes you have to add icing to the cake’ I looked at him gone out but as he explained and as time has gone by I have grown to appreciate icing more and more. So this is how he explained it. Icing is added when the cake is ready. You put all the hard work, effort, blood, sweat and tears (we are speaking metaphorically here in case you were wondering what god awful cake I was making in my spare time) into making the perfect cake. You get the temperature just right so
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Meet the Entrepreneur
Ever wondered what it takes to be an entrepreneur? It has been estimated that just over 50% of all entrepreneurs went to University or College, depending on what country you reside in. So, around 50% of all entrepreneurs do it with barely any qualifications whatsoever, some did not even finish high school! This is a nice message to get across to the children studying for their GCSE’s at the minute. Yes, higher education is a bonus but it is not an essential tool in the entrepreneur’s repertoire. So what is? There are those who seem to be born with a
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Are you thinking big enough?
Think Big launched today and was a very well received and successful event. Belinda and Lizzie delivered a great workshop full of helpful tips, facts, anecdotes and advice on how to run a successful business. They brought a room full of self-employed people together and assured them that their lonely, stressful and constant rollercoaster of a life was something they all shared. It takes a tenacious, driven, creative and resourceful individual to run a business but with the right support and mentality it can be the most rewarding and liberating experience of your life. The message today was very much:
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Local Connections
A more relaxed piece following on from the Budget article last week. We are all acutely aware of how important tax, VAT, national Insurance and PAYE are to our businesses. From the outset the two focus points for any business are: 1) Can I afford to run my own business: Accounting fees, tax and national insurance contributions, VAT quarters, premises costs, equipment costs, bank fees, employee wages…? 2) How do I get more clients/customers? ABC has always nurtured local connections and much of the success of the business has come from this relentless activity and interaction. We get transfixed with
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Business Records Check: Something for all businesses to keep in mind
HMRC over the next year are sending letters to randomly selected businesses (mostly cash businesses such as taxi firms, hair dressers etc.) asking for a Business Records Check. This is a check on your business records which means they will look into how you manage them and what information you have immediately to hand. This is to make sure that you are able to complete your tax returns correctly and pay the right amount of tax at the right time to avoid interest and penalties. It will also flag up any businesses that are submitting inaccurate tax returns and keeping
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Why go Limited?
Take a look at the pros and cons of making your business into a Limited company. It is a decision many businesses make, as they expand their business from a sole trader to the next level, but is it right for you? For any further information feel free to give ABC a call – they are always avialable for a chat 01426 613613.
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