Food for thought - Concept Accountancy

Mar 18

Illustration is conceptual to show the optimum director salary for 2026-27

What is the optimum director salary for 2026-27?

By Mark Food for thought, Limited company, Tax

Taxes in the UK are at historic highs. And with a stagnant economy, it’s little wonder business owners are looking for advice about the optimum director salary in the next…

Mar 04

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A conceptual image that illustrates the financial health of your business showing financial information along with health objects including a stethoscope

3 ways to understand the financial health of your business

By Mark Food for thought

Do you know the financial health of your business? You may be selling plenty of goods and services and feeling very positive. But what do the numbers actually reveal? When…

Feb 23

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Image is an illustration of a business audit that explains why business owners should audit your business.

Why you should audit your business

By Mark Food for thought

Do you audit your business? If you thought that business audits were only carried out when HMRC comes knocking or are only for big firms, think again. It’s understandable that…

Jan 21

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Concept to illustrate that business owners need to know your numbers

Why you need to know your numbers

By Mark Food for thought

Do you know your numbers? They are crucial to a company’s success – but a staggering number of UK business leaders don’t know what they are! A survey last year…

Jan 08

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Image illustrates a diary to help plan a business for the year ahead

How to plan your business for the year ahead

By Mark Food for thought

January might not be the beginning of your financial year, but it might be a good time to plan your business for the year ahead. In the UK Business and…

Dec 16

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Conceptual image to illustrate the Enterprise Management Incentive

What is the Enterprise Management Incentive?

By Mark Food for thought, Limited company, Tax

The Enterprise Management Incentive – or EMI – was one of very few items of good news for business owners in this year’s Budget. For founders and company leaders, the…

Dec 02

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Concept image illustrating GAAP standards

What do GAAP standards mean to my business?

By Mark Food for thought

If you are a limited company you must legally prepare financial documents that meet a certain standard. And while you may think that’s all down to your accountant, directors need…

Nov 20

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Image shows a business owner trying to work out how to manage business debt.

How should I manage business debt?

By Mark Food for thought

A third of small and medium-sized companies in the UK have business debt that is more than three times their cash balances. According to the Bank of England, that has…

Oct 29

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What cash reserves does a business need?

By Mark Food for thought, Useful articles

No matter what your business goal, cash reserves are an important part of your strategy. That’s because without having reserves, you can put your company’s future at risk. And that…

Oct 14

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Concept to show how a subsidiary company might work.

3 reasons to set up subsidiary company

By Mark Food for thought, Advice, Tax

If your goal is to grow your business through new markets you could set up a subsidiary company. This will keep things separate from the company that already exits. There…

Food for thought30

What is the optimum director salary for 2026-27?

3 ways to understand the financial health of your business

Why you should audit your business

Why you need to know your numbers

How to plan your business for the year ahead

What is the Enterprise Management Incentive?

What do GAAP standards mean to my business?

How should I manage business debt?

What cash reserves does a business need?

3 reasons to set up subsidiary company

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