Category: <span>Accounting Pitfalls</span>

UK retail sales in May saw highest rise since start of Covid crisis

Shoppers returned to high street after lockdown measures were relaxed. The British Retail Consortium said total sales increased by 10% in May compared with the same month in 2019. A report from The Guardian has said that after the reopening of non-essential retail and hospitality venues across all four nations of the UK, pent-up demand…




Furlough scheme to end September 2021

There are still a significant number of UK employees that are furloughed. The Government have announced that this scheme is scheduled to end 30 September 2021. Businesses that are struggling to re-establish themselves following the downside effects of repeated lockdown, may be faced with difficult decisions as this deadline approaches. The pundits are expecting a…




Do KPIs guarantee success?

Matching the right KPIs to your business strategy; keep it relevant!  If you have a good grip on what makes your business tick then it’s useful to be able to ‘glance’ at the business and its performance against plan by way of a brief set of business measures; Key performance Indicators (KPIs). KPIs typically track…




Avoid These Small Business Accounting Pitfalls

Owning a small business can be a bit of a rollercoaster ride and sometimes this can lead to mistakes in accounting that can result in problems for the business. Here are some tips on avoiding some of the common pitfalls business owners often encounter. 1. Not keeping personal finances separate from business finances Old habits…