The breakeven point shows you how much product you need to sell in order to cover the cost of doing business. It can also be used to determine when your business will start to make a profit. Therefore, it’s no surprise that breakeven analysis is a key component of most business plans, especially for startup […]

Small employers will soon be receiving, if they haven’t already, notification from The Pension Regulator that they need to carry out re-enrolment. Auto-enrolment into a pension scheme began for many smaller employers within the last 3 years.  Re-enrolment requires employers to put any employees who have previously opted out of the auto-enrolment pension scheme back […]

If you are a provider of services to your customer how often do you review the service you provide to them?  Are you providing the service they want or the service you think they want?  Do they know what they want or do they trust you to provide the service you think they should have? […]

April 2019 sees several changes to legislation for those who run a business.  Here is a brief round up of the changes which may affect your business. Businesses who have employees will have an increases in their costs with the a new National Living Wage rate effective from 6th April and higher pension contributions.  Employees […]

In this episode, Michael Goodman, CPA/PFS interviews David Grau, President & Founder of FP Transitions, who shares the ABCs of succession planning. He answers the questions: What exactly is a succession plan? Why is a succession plan important? Does everyone need to have one? How much time do you need to create a successful succession […]

In NC Department of Revenue v. The Kaestner Family Trust, the Supreme Court will determine whether the US Constitution’s due process clause prohibits states from taxing trusts based on trust beneficiaries’ in-state residency. In this episode, Bob Keebler, CPA/PFS interviews Professor Mitchells Gans, JD who answers the questions: Access the related resources from this podcast: […]

If you are an employer providing expenses and/or benefits to your employees it is likely that you will have to submit a P11D advising HMRC of these expenses or benefits now that the tax year is finished. Benefits include things like: Company car Health insurance Travel and entertainment Childcare Accommodation Expenses include: Mileage payments above […]

HMRC have issued the new rates for fuel from 1st March until 31st May 2019.  These rates are used to reimburse employees for business travel in their company car or for employees to reimburse the company for the fuel used for private travel in a company car.  If you pay a higher rate than that […]

In this episode, Paula McMillan, CPA/PFS shares how to make conversations count when it comes to personal financial planning. She answers the questions: What is your role and influence in your clients’ conversations with others around personal financial planning? Why is it important for your clients to broaden and deepen financial conversations with family and […]

A sole proprietor running a cash-only business with just a few customers and suppliers may get by just fine with a spreadsheet to keep track of income and expenses. However, for more complex business models, the benefits of investing in accounting software cannot be overlooked. By automating your business finances in this way, you can […]