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 …
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 »
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 beers he had to make sure to keep the wastage down to a …
Does Your Wine Bar Generate Enough Profit From Its Sale of Drinks and Beers? Read More »
The Staff Xmas Party Did you know that companies can provide a Christmas party for staff and claim up to £150 per head as a tax deduction? If you extend your kind invitation to partners also, you can double this bounty to £300! Give Your Lovely Customers a Little Gift You can claim tax relief …
Eat, Drink & Be Merry At Christmas.. Courtesy of the Tax Man! Read More »
https://youtu.be/u7P3InPC5_Y I went to see a contractor recently who was concerned that he was under-pricing his contracts. I explained to him that this was common in the industry and that under-pricing the contracts would inevitably lead to losses being incurred on some contracts. I advised him that he needed to ensure that he had proper …
Contractors, Do You Price Your Tenders Correctly? Read More »
