Author Archives: Nick Wilson

Covid-19: Profit Improvement

Profit

Before the coronavirus mayhem, we held a successful event named 7 Ways to Grow your Business. The result of each of the 7 ways is; increased profit. Profit is: Profit = Sales – Direct costs – Overheads You have four choices right now: Do Nothing Retreat Take Normal Amounts of […]

North East business advice – what is a dividend?

Dividends

A dividend is a payment from a limited company to the shareholders. There are some rules about when and how much the company can pay. Rule 1 – There must be sufficient reserves available to distribute. Put simply, the company has more assets than liabilities. If you have accounting software, […]

Advice for North East small businesses – should I go to a Limited Company?

limited company

A lot of people ask if they should incorporate – (start to trade through a ‘limited company’ rather than a sole trade or partnership). I can’t stress enough the importance and value you will have from a proper consultation with a qualified accountant or tax specialist to make sure everything […]

Finance options – purchasing assets or improving cash flow?

finance options

Many people, business owners or not, know of a couple of finance options for their next big purchase or to improve cash flow but most don’t understand the difference or know alternatives. Here I will focus on the main options people have heard of and some common alternatives that I […]