Sep 22, 2024 | Business Start Up Growth, Business Success, Expenses
When it comes to achieving high efficiency and reducing costs in business, the principle of economies of scale is what we need to understand, and then plan for it. This concept applies to all sorts of businesses – be they sole traders, LLCs or not-for-profits....
Sep 15, 2024 | Business performance, Business Success, Expenses
When it comes to running a successful business, it’s easy to get caught up in sales numbers and gross profit. But here’s the truth: those sales numbers might be hiding a bigger issue, one that could slowly drain your business dry. Operating profit is giving you a...
May 5, 2024 | Budgeting, Business planning, Business survival, Expenses
Running a business requires a good grasp of where your money is going. It’s important to know the difference between capital and revenue expenses because it affects how you manage your budget and the financial health of your business. Understanding these will...
Feb 11, 2024 | Expenses, Money, Tax, Tax Advice
Tax bill creeping up even when your income hasn’t increased? Then you’re certainly experiencing something called fiscal drag. We’re here to break it down for you in plain English, without all the confusing financial jargon, so that you can loosen up...
Jan 21, 2024 | Business Success, Expenses, Operational Gearing, Profit
Understanding the different types of business costs is crucial for effective financial management. Because your profit will depend on the types of costs that prevail in your business. This blog looks at the relationship between the types of costs in your business and...
Nov 25, 2019 | Expenses, Money, Services, Tax, Tax Advice
Personal Tax: What expenses can we claim? Today, we will tell you what expense claims can be made for your Personal Tax Return. Previously we talked about that, pencil in the aorta time, tax return season. I get loads of clients saying, Mahmood, we’re putting our...