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Spring Budget 2023

Spring Budget 2023

On 15 March 2023 the Chancellor of the Exchequer delivered his Spring Budget.  The Chancellor began by describing his speech as a “Budget for Growth”, saying he would deliver on an aim to make the UK one of the most prosperous countries in the world by removing barriers to investment, tackling labour shortages, breaking down … Continued

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ISO 9001

Why you need ISO 9001 for your business

There’s one big reason you’ll want to go for ISO 9001, which is simply to win more business. ISO 9001:2015 is the entry level standard which demonstrates that you have a quality management system in place in your organisation. However, done well, the standard will also help you: Businesses use ISO 9001 to demonstrate to … Continued

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Are You Losing Money Because You're Not Pricing Right?

Are You Losing Money Because You’re Not Pricing Right?

Pricing is an art form, and is very dependent on market conditions and your ability to service that market. When costs go up the natural reaction is to say “I need to increase prices” but is this right or even possible sometimes? It’s definitely not “one-size-fits-all”, you don’t price the same way for everything. It … Continued

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ISO 9001

How to get ISO 9001 Accreditation

There are five main steps to getting accreditation: Making the decision to go for it Are you looking for new customers? Are they familiar with ISO 9001? Is there an expectation you’ll hold the accreditation? Are you keen to increase customer satisfaction? Do you need accreditation to get through a tender process? Are you planning … Continued

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Fixed Price Contracts

Are fixed price contracts good or bad for your business?

To begin, this is a sad tale about a subcontractor in the house building industry, they had to fix their prices to win contracts, but didn’t put measures in place to help better protect them. At a decent margin of 40%, even with price rises of 5 – 10%, they should have made decent money.  … Continued

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work in progress in business

Why do Businesses get caught out by Long Term Work in Progress?

Work in progress (WIP) is inventory that has begun the manufacturing process and is no longer included in raw materials inventory, but is not yet a completed product. On a balance sheet, work in progress is considered to be an asset because money has been spent towards a completed product. If you do not know your … Continued

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Autumn Statement 2022

Summary of November 2022 Autumn Statement

If you have any concerns about your business or tax affairs in the coming months, please get in touch with us. Business Rates Business rates in England will be updated from 1 April 2023 to reflect changes in property values since the last revaluation in 2017. A package of targeted support has been announced to … Continued

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business finance

Think Your Business Needs Finance? – Part 2

Following on from Part 1, where we looked at why your business may need finance, the costs and risks of finance and how to position your business as ‘low risk’, in this blog we’ll look at: What are the alternatives to borrowing? There are many options that you can seek before turning to borrowing finance: … Continued

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