Being a limited company means that your business assets belong to the company and any money going in and out of your business must be accounted for. There are several ways in which you can withdraw money (Salary, Dividends, Director’s Loans, and Expenses) but by being savvy with your spending and planning wisely there are […]
The financial news feels pretty bleak right now. Rising energy prices, increasing fuel prices, inflation, tax rises, increased salary demands by teams facing pressure on their finances – the list goes on. All of which means you need to make some tough decisions about business spending. This article looks at 10 money-saving tips to help […]
Tis the season To plan carefully for gifts and bonuses Running a business is hard work. Whether you’re running a limited company, LLP, are a sole trader or a partnership you will be familiar with the non stop demand to keep your clients happy. To deliver goods or services in such a way that you […]
The government’s Research & Development Tax Credit incentive is designed to encourage innovation in UK businesses. Perhaps you’ve never heard of them before. Or maybe you have heard of Research & Development (R&D) tax credits but not really understood what they are or if they apply to your business. In this article, Chorus Accounting MD […]
We thought, amongst all the other emails you are getting, we would let you know that as your accountants, we have thought about the challenges that lay ahead and maybe offer some words of reassurance in what can seem to be an increasingly scary time. The main message that we want to say is that […]
Financial terms and ratios – a layman’s guide to the jargon These definitions are for the most commonly used UK financial terms and ratios and may help to break down the mystique around the language of business. They are based on UK Company Balance Sheet, Profit and Loss Account, and Cashflow Statement conventions. Certain financial […]
The different levels of selling a product or service What you sell and the way that you sell often determine whether a person or another business will buy from you. When it comes to selling, especially to businesses, there are four levels, the first three of which on their own usually risk delays in decision-making […]
The New Rules for Marketing What works today is very different from what worked a decade or more ago. If you think of Marketing as the same as it was twenty (or even ten) years ago, you are definitely thinking in the wrong direction! The reason is simple. What works today is almost the opposite […]
