The average couple that marry in the UK will spend a whopping £42,000 on their wedding, not including the rings or the honeymoon. Living in such a diverse society, across different cultures the prices and importance of marriage differs. The most expensive Asian wedding dress ever to be made in the UK cost a ginormous
Does Wedlock mean Financial Deadlock? Read More »
https://youtu.be/RVUPxpGKrzE Recently, I saw a contractor who was concerned about making losses on his contracts. I explained to him that, once he had secured a contract, he had to control two key areas. The first area was planning, job planning as well as procurement of labour and materials planning. The second area was financial controls
Contractors, Do You Go Over Budget and Miss Deadlines for Some Projects? Read More »
Recently, a husband and wife came to me explaining they wish to go into business partnership together. The first question I asked them: Did they have a partnership agreement? To which they said: No. I pointed out the three main reasons why they must have a partnership agreement. One, the partnership agreement explains what happens
A client of mine runs his business as a sole trader even though it is very successful. He maintains his status as a sole trader is so that no information is in the public domain. If he ran his business as a limited company, he would have to file accounts with Companies House and thereby
Should Your Business Be Formed as a Sole Trader or Limited Company? Read More »
https://youtu.be/iUTzdVySocc A contractor recently called who was concerned about the losses he was making on some of his contracts. I explained to him that there are three key areas that he has to make sure he’s got strong controls. The first one is the production of his tenders. The second aspect was planning of his
Are You a Building Contractor Who Makes Losses on Some of Your Contracts? Read More »
A client who works for a big international company as its manager has to drive at least 9 to 10 thousand miles a year on behalf of his employment. He is currently paid 20p per mile. Because he can claim up to 45p a mile, he is entitled to claim the difference. This means he
Are You Claiming All The Relief That You Are Entitled to Against Your Employment? Read More »
https://youtu.be/cdZyNzFsKsc I recently went to see a wine bar operator who was thinking of stopping the sale of his food because he was not making any profit on it. I explained to him that this was common with wine bar operators because they were more concerned with the sale of the drinks than producing food.
Does Food Drag The Profits of Your Wine Bar Down? Read More »
There is actually such a thing as a gift economy or gift culture. It is a society where valuable goods and services are regularly given without any explicit agreement for immediate or future rewards (i.e. no formal quid pro quo exists). Ideally, simultaneous or recurring giving serves to circulate and redistribute valuables within the community.
It\’s Only Money! Some Trivia Surrounding the World of Finance! Read More »
This month began with recording demo’s for the new regional BBC radio jingles. Our client in Seattle asked us to book some UK session singers to try out as their US ones couldn’t quite get the accent right. We did the same last year for Heart FM. Theatre Show Next up was mixing a live
Bleach Productions and The Crypt Studio Read More »
https://youtu.be/ii7RXb2Gz7s A client who recently set up a consultancy business had no associated costs or expenses and therefore no VAT inputs. Flat Rate VAT Advantages I recommended that he file for VAT registration immediately on the flat rate basis. This had three advantages: One, it would enhance his reputation both with his suppliers and his