Blog
Are You Considering Going into Partnership with Your Spouse and Are You Aware of the Possible Pitfalls?
https://youtu.be/oEyE7EOR8iM 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...
Should Your Business Be Formed as a Sole Trader or Limited Company?
https://youtu.be/I_MFJv_w990 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...
Are You a Building Contractor Who Makes Losses on Some of Your Contracts?
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...
Are You Claiming All The Relief That You Are Entitled to Against Your Employment?
https://youtu.be/c2tsZjZO_mw 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...
Does Food Drag The Profits of Your Wine Bar Down?
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...
It’s Only Money! Some Trivia Surrounding the World of Finance!
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...
Bleach Productions and The Crypt Studio
This month began with recording demo's for the new regional BBC radio jingles. https://youtu.be/0qq0vsj8010 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...
Are You Aware of the Advantages Registering for Flat Rate VAT Can Have for Your Business?
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...
Does your accountant charge you by the minute?
https://youtu.be/tkmt7yyqIZw A lot of accountants charge their clients for every phone call, meeting, email, and the client is afraid to call them because he is unsure of where his fees are going. It appears to be open ended. At Green and Peter, we charge our...
Does Your Wine Bar Generate Enough Profit From Its Sale of Drinks and Beers?
https://youtu.be/uVf6WyVl58g A wine bar operator was concerned about the level of profit from the sale of his drinks. I explained to him that it was very important to have proper stock controls for wines, beers, and draught beers. Particularly with his draught...