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Showing posts from August, 2021

The Help To Grow Management Programme

Rishi Sunak announced at the time of the 2021 Budget that the Government was going to roll out Help to Grow Management course aimed at turbo charging the UK economy as we strive to come out of the Covid stranglehold. In this blog we look at the key information. Who is behind this course? The UK government. It was announced in the 2021 Budget. What is the aim of this programme?  To provide chief executives or members of a senior management team the skill set to develop their reach in growth markets. To improve employee engagement. To strengthen each business’s resilience against any future shocks. The Government want to ‘turbo charge’ the UK’s post Covid economic recovery. Where can you access the course? This is on offer around the whole of the UK? What is the nature of the course? It is a 12 week programme. It is designed to be manageable alongside full-time working . 8 online two hour sessions 4 practical, face to face, case study workshops. 1:1 support from a business mentor. Pe

MAKING TAX DIGITAL FOR INCOME TAX SELF-ASSESSMENT

HMRC are set to transform the tax system in a bid to make administration simpler and more efficient for taxpayers. Making Tax Digital is compulsory and so it is important that you are aware of your requirements as a taxpayer. The following information sets out the changes to income tax self-assessments, coming into force in 2023. The sooner you are aware of your requirements, the smoother your transition will be. What is MTD ITSA? Making Tax Digital for Income Tax Self-Assessment. Who could be affected by it? Self-employed individuals and landlords with a tax year turnover exceeding £10,000. Partnership which consists only of individual partners. The turnover threshold takes account of the combined turnover of a person’s total number of businesses and rental properties. Please note - MTD ITSA has been deferred, until a date yet to be decided, regarding partnerships with a corporate member, LLPs and Limited partnerships. Are there any exemptions? Trades and/or rental income where the t

The Lifetime Value of a Client

Do you get disheartened when a small job comes through? Do you feel disappointed when you have maintenance jobs come in instead of big boiler installation jobs?  Well, you shouldn’t! Have you ever stopped to think about the lifetime value of a client? Mrs Jean Bloggs calls every year for a boiler service. That’s £100 a pop. Mrs Bloggs has been using you for 10 years now. That’s £1000. Her boiler may need a few parts over the decade and may even need replacing. Mrs Bloggs would certainly use you for another job in the future because you have built up the ‘know, like, trust factor’. She may have only spent a few hundred pounds here and there over the years but over the lifetime of your business, she is a highly valued and reliable customer. You know that every year without fail, you will get the call to service her boiler. What if you could have a whole database of Mrs Jean Bloggs’? A regular source of income that’s predictable. That’s the kind of stability that comes with employment a