Profitability: What it really means
As small business owners we measure the success of our business is many ways. Through feedback, client retainment, goal achievements and financially. One way of measuring a business’ success is to measure its profitability. Profitability measures the ability of a business to generate more total revenue than total expenses. This information can be used alongside […]
Why digital accountancy is essential for your business
You have probably heard of various digital accountancy software such as Xero or Quickbooks and may be wondering if your business will benefit from making the switch. Digital Accounting software helps you easily record your business finances, whilst giving you quick access to analyse the data. Whether you are looking for basic invoicing capabilities, bank […]
How to get your business financially ready for growth?
When you are on the cusp of growing your small business, it is important to consider the financial implications and current financial position of your business. Here are our top 5 tips on how to get your business financially ready for your next steps: Get your business plan ready. A business plan shows you where […]
Our top tips for maintaining a healthy cash flow
One of the key services we offer at Surrey Accountancy Limited is to educate our clients in understanding how essential a healthy cash flow is to a business. Often the importance of cash flow and its impact on a company’s sustainability is not properly understood small businesses. In order to help you establish a healthy […]
The importance of cashflow
Often the importance of cash flow and its impact on a company’s sustainability and success is ignored or not understood by small businesses. One of the most important part of what we do at Surrey Accountancy is to ensure our clients are educated on the importance of cash flow and how to maintain it. As […]
In the construction industry? Find out about the CIS Reverse VAT Charge.
The UK Government have introduced changes to existing VAT rules in order to tackle the increase in fraud. The changes are set to impact the cash flow of over 100,000 UK businesses in the construction sector. Many businesses covered by the Construction Industry Scheme (CIS) now have to ensure they know about the new domestic […]
Healthy spending habits for the New Year
Let’s kick off 2021 with healthy spending habits. Here are our top 5 tips to start the new year how we mean to go on; financially free and positive. Improve your credit card education We did a blog on making sure your children are educated on credit card spending (click here to read it if […]
Do your children know the truth about credit cards?
The Economic Inquiry found that the average person had approximately £3000 more credit card debt than their parents, and more than £7000 when compared with grandparents; no matter what age. But why? Unfortunately, the answer seems to lie in a lack of education. With an increase in encouragement for young people to take out loans […]
How to organise your business finances – our top 10 tips!
Getting your finances in order can seem like a daunting task, but creating an organised system and seamless process for your business finances can help you foresee any financial challenges and allow you to invest more in growing your business. Here are our top 10 tips to help you organise your business finances and […]