Why footfall is important

All businesses have customers, According to HMRC, even they have customers… Sales are the amount of goods and services that you provide your customers and there are three main features that affect your annual turnover: Number of customers Price Footfall The...

Retain or let go?

Last week, we considered one of the issues that employers will likely need to consider in the coming weeks and months: productivity. This week we have listed other factors that you may need to consider if you presently have staff furloughed under the Coronavirus Job...

Saving for taxes

While our businesses have been able to maintain or increase profits there has been an unwritten acceptance that we will pay for current taxes out of future cash resources. For example, if you are self-employed, payments on account for self-assessment taxes on current...

CJRS changes announced 12 June 2020

We reported late last month on the extension of the Coronavirus Job Retention Scheme to 31 October 2020 following the announcement by the Chancellor, Rishi Sunak. At the time, the Chancellor confirmed that further guidance on the workings of the amended scheme, which...

Head count or productivity?

In the not to distant past business managers were prone to “empire building”. Increasing head count was more important than increasing productivity. This bygone-age tendency has long slipped away but productivity is likely to remain as a leading...

Why are profits important?

Dictionary definitions of the word profit tend to include such synonyms as “advantage”, “financial gain” and “financial advantage”. Longer explanations might say: the difference between the amount earned and the amount spent in...