Do I Need a Business Plan?
We’ve reached the end of our ‘Know Your Numbers with Mel’ series!
“The profitability, cash flow and value of your business affects you personally. If your business isn’t profitable and doesn’t have much cash available you won’t be able to pay yourself and have the kind of life you want”
Video 11 of our ‘Know Your Numbers with Mel’ series looks at the different ways you can enhance the value of your business including implementing a clear plan, documenting organisation structure and roles and more.
Clients often ask me about the difference between profit and cash, in the latest video from our ‘Know Your Numbers with Mel’ series I take a look at why they say turnover is vanity and profit is sanity.
New VAT rules are due to come into effect this March which will impact on accounting for VAT for transactions in the construction sector. The new rules are called “the domestic reverse charge for supplies of building and construction services”.
If you took advantage of the offer to defer VAT payments falling due between 20 March 2020 and 30 June 2020 – to help out with the impact of COVID disruption – you now have three choices. You can: