Breaking free from the rules of upper management is one of the perks of being your own boss – but like any employment role, it’s still important to have systems in place to avoid any productivity drop-off. Work not getting done or quick enough can often be a source of stress you could do without,…Read More
Between 2001 and 2019 over 1.5 million people became self-employed, with around one in eight people earning their living this way. So, are you ready to take the plunge? We’ll be honest it can be quite daunting as there are so many things to think about; Business structure Budgeting Paying your tax And more… In…Read More
You may be just starting out in a new business or you have been a sole trader for a while. Either way, it is vital to weigh up the difference between sole trader and limited company, as which structure you choose could impact on everything from profit to paperwork. Don’t rush into any decision and speak…Read More
The end of the year is near and 2020 signifies the prospect of being even more rewarding. The importance of starting the year as you wish to end it cannot be understated. Luckily, the Buxton Partnership is on hand to offer some straight to the point guidance. The important advice we suggest is reflecting on the previous year…Read More
Small to medium-sized enterprises (SMEs) quantify 99.3% of the whole private sector and contribute to an annual turnover of £1.9 trillion in the UK. (Call out image) Brexit In the current economic, political and social climate, it’s more important than ever to establish the position of SMEs. What environment does your SME operate within? What are…Read More
Our struggle with time management – how to be productive… “There’s not enough hours in the day” – how often have we said or heard that? And you’re probably right; when you have so much to do, time can feel like a precious luxury. However, we have the same number of hours in each of our…Read More
In a nutshell – Benchmarking is comparing your business and its processes against those of your competitors to identify the best practices in your industry. It can help generate new ideas to improve operation; it can help identify new technology you could incorporate to reduce costs and improve productivity. The main aim is to reduce the…Read More
Many companies aim to be serious about innovation and holistic management. It’s been a trending topic for some time. Yet still few companies are training employees in the principles and practices of innovation and holistic management; few have actually taught people how to be business innovators. Teaching people holistic behaviours is not hard; teaching how…Read More
Data and analytics are evolving at an unprecedented pace. Digital innovation is taking its hold across industries and creating opportunities for companies to leverage data as a source of competitive advantage. Though whilst it can be a tool to drive success, data comes with tremendous responsibility, especially when it’s your customer’s data. According to research from a…Read More
Every company has the potential to achieve long-term sustainable growth. Everything you require to do so should be underpinned by rigorous plans and processes meticulously thought out and then deployed; along with strategies to overcome challenges and seize opportunities. In a recent survey conducted by PwC (2018), their research showed that around 88% of companies feel…Read More
Making Tax Digital (MTD) is a UK government initiative that sets out a vision for the ‘end of the tax return’ – oh how amazing – and a ‘transformed tax system’ by 2020. HM Revenue and Customs (HMRC) states that the main goal of MTD is to make tax administration more effective, more efficient and simpler for…Read More
The Benefits of Good Human Resource Management Its commonly shown through various studies that the human aspect of resources in a bureaucracy adds up to a predominant amount of an organisations value. Consequently, excellent Human Resource Management is clearly paramount. There are many different and challenging responsibilities of an HR team, so let’s take a…Read More
Helping Businesses to Stay on Top of Changing Compliance Regulations Ah, compliance regulations – what a tedious and monotonous thought. As a business owner, you’ve heard of them, and most probably had a miserable time trying to comply with them. Sadly, it’s not easy to remain compliant, let alone keep up with the ever-changing regulations…Read More
Is your practice providing an integrated, personalised client experience? Or are you receiving the expected client experience? 4 Effective Ways to Improve Client Experiences in the Accounting Industry As with most industries, the accounting industry is highly competitive. The past 20 years have changed the way in which the customer thinks and acts. As the…Read More
Holidays, can it be done? Sure it can! There are plenty of benefits to owning your own small business. Sadly, the holidays aren’t often very high on the list. Taking time away from your main source of income can be difficult and stressful, after all, it often relies on you to continue operating. However, as…Read More
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