Lenah Oduor - 19 January, 2021
Latest Blog!
Cash is oxygen for your business and measuring working capital is your regular health check to keep your business alive; especially in turbulent times. We can help identify strategies to increase.
The gHawk Blog
Browse our articles on all the latest accounting Developments you need to know.
Tax & Accountancy
Fundamentals of a business budget
A business budget is one of the essential tools in managing your business finances and actively building your business.
Transferring Your VAT Registration Number
VAT can be complex and confusing at times. Under current guidelines, you need only register for VAT if your VAT taxable turnover exceeds £85,000. You can also register voluntarily, if you wish.
Breakdown of: The self-employment Income Support Scheme
Being self-employed is challenging at the best of times not to mention having to deal with the effects of Coronavirus, but there is support out there for everyone.
Understanding your working capital to maintain business success
Cash is oxygen for your business and measuring working capital is your regular health check to keep your business alive; especially in turbulent times. We can help identify strategies to increase working capital.
Millions to get a Tax Cut from April 2020
New legislation introduced in January 2020 will see millions of taxpayers save around £100 in the financial year 2020-21.
Changes For VAT Registered Businesses Post Brexit
The UK left the European Union on 31 January 2020. From 1 February 2020, the UK enters a transition period that lasts until 31 December 2020.
Off-payroll working (IR35) rules affecting the private sector
From 6th April 2020, contractors working through a Personal Service Company, or Recruitment Agency providing services to Medium and Large businesses will be at risk of being deemed to work as an employee.
Strategic Planning
Reinventing Your Product and/or Service Post-Covid
During times of crisis, we’re forced to reinvent the way we work and what we work on to remain sustainable.
8 Key Points to Continuing Your Business Through Covid-19
To feel like you are in control of your business during this pandemic we have chosen 8 things that every business owner should keep on top of.
Apps & Business Advice
Maintaining Customer Relationships
With many businesses struggling to achieve pre-Covid sales levels, and the potential for unemployment to spawn a new breed of start-ups, having a customer retention plan has never been more important.
Reduce debtor days and increase cashflow
Managing the gap between the receiving money into your business and paying money out of your business is vital for sustaining viability.
Debtor days is the average number of days taken for a business to receive payment for goods or services.
Top 10 Things to Consider When Buying a Business
Recently, I have been helping a young entrepreneur to buy a new business and thought to share my top ten things to consider when buying a business.
gHawk VS Remote Working
We have been lucky enough to continue providing our services during lockdown and we want to share how the gHawk team has been working remotely.
Five Steps To Better Cash Flow
Need a hand managing cash flow? You’re not alone. The key is getting your invoicing right, by invoicing customers as soon as possible and using tools like Xero’s invoice reminders to move payments along.
Responsibilities of a Company Director
No matter the size of your business, as a company director, you take control of all the pivotal decisions.
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