Skip to main content

Posts

Showing posts from May, 2022

Who are you talking to?

I feel it’s important to talk to your ideal customers, so all your external messages to your customers are aligned and it’s clear who you, as a plumbing and heating business, want to look after, the type of work you want to do and the areas covered. I recently had a conversation with a plumbing and heating client, and we were on the topic of enquiries. He receives a lot of enquiries for small plumbing works such as tap replacements and washers. Small jobs which his business can do, but not where he specialises or where the money is at. We dived into this and established that on his website, the company clearly states, ‘no job too big or small, we change anything from a boiler to a tap replacement or washers.’ My understanding of how a search engine works is that if people are searching for something, the relevant website which matches their search criteria will pop up. If people in my client’s local area want a tap replacement or need their washers changed, they’ll Google that an

Business in a Box

Imagine being able to run your business with little-to-no effort on your part. That's the dream right? If you're a plumbing and heating business owner, there's a good chance you're spending more time working than you want to. In fact, UK small business owners work over 2000 hours of overtime per year (source XLN.co.uk) . Not what you had in mind when you started out I’m sure. When you're constantly feeling overwhelmed and overworked, it can start to take a toll on your health and wellbeing. And it's not just your own health that suffers - being overworked can also have a negative impact on those around you, including your family, friends, and co-workers. But what can you do about it? Starting and running a successful plumbing and heating business takes more than just having the right skills. When it comes to running a plumbing and heating business, the more organised you are, the smoother things will run. Imagine how much more productive you would be

Optimal Salary 22/23

  For the current tax year 2022/23 the recommended tax position for company director shareholders continues to be to take a combination of threshold salary and dividends. With effect from 6 April 2022, the optimum director shareholder threshold salary is £9,100 or £758 per month. The conventional approach for director income Taking a low basic salary, within the national insurance threshold, with the balance of income being paid as dividends has been a common approach for company director shareholders for a long time and continues to be the default approach. It provides tax efficiency, both for the business and the individual director shareholder and is based on the following: the director-shareholder takes a low salary, within his/her personal allowance. This means that it does not attract income tax. the salary is set just high enough for national insurance purposes i.e. that it counts as a year’s ‘stamp’ for national insurance history (but no NI is actually payable). This helps to p