Plan for the end now (in a positive way)

Earn more, spend less or just get more i.e. time

We felt it only right to highlight again the fact that wages are going up and specifically the minimum and living wage is rising from 1 April 2022 for which you can find more information here.

This in itself present an opportunity to forecast what the year ahead might look like cost-wise and give you an opportunity to see how best you deal with this.

If you would like some assistance with preparing this forecast click here.

Setting up to sell/exit

We are having increasing numbers of conversations around business owners and have a fantastic white paper that we can share to:

  1. Help you set up successfully for sale
  2. Share why many people get it wrong
  3. Help show you how you could actually “grow” your own buyer

For a copy of this just click the link Selling/Exit Whitepaper Please

Family

We all know this but it still shocks us a little when we type the fact that we often spend more time with work colleagues than we do family.

Have you ever assessed the culture of your business though; factoring in those internal and external to it.

We did a fantastic exercise alongside a client of ours that ultimately led us to establish our values for which if you click the link below and we will happily share these with you.

Can I have a copy of the Tennick Accountants values

Takeaways

One of the biggest downfalls when it comes to running a business is the lack of planning when it comes to exiting it which subsequently results in only 1 in every 2,222 business owners exiting when they want, with how much they want.

Start planning ahead now to improve these statistics and we can help.

P.S. More information on our
client awards very soon …

Marginal Gains

Forget January tax mayhem and focus on financial planning

As you all know we had a big push to make our January; and that of our client’s, so very different many others who might be scrambling around looking for paperwork and panicking over what tax is due and whether they can afford it.

One final comment on the note of tax returns; watch out for the change in penalty structure kicking in very soon whereby more information can be found here.

We want you to look forward towards the end of the current tax year so are thinking of 5 April 2022 and putting our efforts and thoughts into focusing how we better get money out of the business for YOU rather than focusing on pleasing the tax man this month.

We’ll soon be sharing some food for thought but if you want early access and want to be ahead of the game with this exercise then get in touch with your account manager today.

Operationally

So COVID is still lingering but there is; albeit limited, still some support out there with local councils expected to see the financial support come through imminently and more information can be found here.

Ignoring COVID for a minute, when was the last time you reviewed your suppliers and considered:

  1. What do you need to cut
  2. What do you need more from i.e. ask for early payment discount or even cash back
  3. What do you need to spend more on to generate more value

One client alone this week has taken step 2 and will save £000’s this year as a result of one single conversation!

Those business new years resolutions already suffering?

Be it individually; or as a business, we all need routine and accountability and I’m sure we can all relate to that from a fitness perspective.

Once you have both – BOOM!

Get in touch with your accountancy manager if you want help overcoming the January blues with some very quick and easy strategies to help you do so.

P.S. They do not involve meditation though I believe that also might be useful.

P.S. More information on our
client awards very soon …

Kick off the new year with a bang

Time to do something

We know that so many people were busy leading up to Christmas so many people might have missed what we first out prior to Christmas so we thought we would share again some key points for those sneaking in a bit of work time late December.

Yes I know we did say we wouldn’t send an end of month newsletter out but I sensed some might need this so scheduled this one in advance.

Operationally

Want to work less and achieve more in your business?

Head over here to take a read.

Financially

Improve your finances with our book recommendation again – ‘Profit First’ by Mike Michalowicz whereby he speaks about going back to basics.

We’ve summarised some of the key points if you want to take a look here.

Want to be a bit more proactive and hit 2022 with a bang?

Why not join those who have already committed and jump onto our workshops where we take the points above and convert them into actions to help you work less in your business and ultimately exit sooner and with more money.

I know what I’d be asking for off Santa but I am an accountant and a little bias.

I’d love to know more about the workshops

P.S. Don’t forget our office is closed from
24 December 2021 and we reopen on
Tuesday 4 January 2022

Speak to the team about your goals and vision. We'll tell you how we can help you make them a reality.

Are you looking to work with a strategic accounting partner to help shape your business’s future? We’d love to hear from you