Why business plans fail?
Do you know why do so many handcrafted business plans fail? Many business owners perceive the business plan as “only on paper”, “unrealistic”, “waste of time “, and “I don’t need it yet!” “I am too small”. What if we…
How Lean Principles can improve a construction project?
If you were to guess what approach produces the most profitable, effective, and forecastable results in a construction project – what would your answer be? Our answer is The LEAN principles, developed by Toyota after the II World War. I…
How do you know if you make a loss on your project?
Have you ever realized that you made a loss on a project even if it was profitable? Did you manage to answer the question? Two of the possible reasons for this unfortunate loss are: 1. The project is not profitable…
Domestic Reverse Charge for the Construction Industry
You must use the domestic reverse charge If you are VAT registered in the U.K. and supply or buy building and construction industry services and Your Customer is registered for VAT in the U.K. The payments are within the scope…
Are you practising good financial housekeeping?
Most of the business news&media out there tend to motivate entrepreneurs to be more profitable by getting more clients. However, what many accountants will tell you is that the secret to being more profitable is not working harder but…
PROACTIVE ADVICE & SUPPORT
What Do Businesses Want from their Accountants? A recent survey of 1500 UK SMEs revealed that of the 80% who employed an accountant, around 10% would not recommend their choice to anybody else. In the grand scheme of things, that’s…
Is accounting software saving you time?
Making Tax Digital has forced the issue for businesses to jump into accounting software which promises to “make it easier for individuals and businesses to get tax right and keep on top of their affairs.” But what we see,…
Have you ever heard the phrase TURNOVER IS VANITY, PROFIT IS SANITY, BUT CASH FLOW IS KING?
According to the national statistics (ONS), 80% of businesses fail due to bad cash flow management. Let’s think about that for a second; it’s not due to poor sales or a bad business idea! I find this heart-breaking that…
Resource Planning For Construction
Multitasks are so new modern way to do business nowadays. However in term of measuring business profit you have to be more aware. Why? Because you cannot count on your ‘big picture’ that over all all projects or tasks are…
Enjoy what you do and stay inspired
Words of Inspiration: By Accountants, not only For Accountants Contrary to popular belief, not all accountants are boring, dull or simply in it for the money. We too have our human side. Here some inspiring chartered accountants share some of…
Blockchain in Construction
Blockchain Technology in Construction – is it the future of Project Management? A conservative industry such as construction hardly seems like the ideal partner for something as modern and new-fangled as blockchain technology – right? Wrong, according to some experts,…