Interest rate conundrum

Interest rate conundrum

  Interest rate conundrum… We have probably forgotten how exceptional the low interest period from 2009 to 2021 was. The Bank of England chart below brings it home. Before the 2008 financial crisis, interest rates were around 5% which was needed to control...
Paying yourself with dividends – imminent tax raid?

Paying yourself with dividends – imminent tax raid?

Most small companies (thought to be six million) pay their owner-managers a basic salary through PAYE and a chunk of the profit by way of a dividend. Accountants, including my company, usually advised their clients to remunerate themselves this way over the last...
What is a PESTLE Analysis?

What is a PESTLE Analysis?

If you are considering your business strategy, then this is a common tool used to assess your business environment. It is an acronym standing for the six external factors affecting your business.  Political  Economic  Social  Technological  Legal  Environment  In the...
Why is Budgetary Control a No-No for Small Businesses?

Why is Budgetary Control a No-No for Small Businesses?

I trained as a chartered management accountant, and budgetary control was a major tool in controlling business finance dating back to the founding of my institute in the 1920s. So, one hundred years later, how is it doing?  Depends on size. As a management tool it...
Bank Feeds Just Got Easier

Bank Feeds Just Got Easier

Open banking was mandated by the EU in 2016 with EU Member States required to transpose it into National Law. It was implemented in the UK in January 2018. Its purpose was to allow financial information to be made available to outside companies such as other banks,...
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