Cash flow and profit are the most important numbers in any business. While cash flow is about survival, being ready to grasp opportunities and planning, profit is the reason we are all in business. If it isn’t, then it should be. Profit is the only number to focus...
Work on your business not in it, is a standard business management cliché, but what does it mean and how do you do it? Most business owners are great at what their business was set up to do, whether that’s being a hairdresser, a plumber, running a restaurant or being...
Lets take a look at Dave, he is a Plumber and is super busy working around 100 hours each week. He gets up, goes to work, comes home, and either falls asleep in front of the TV or drags himself straight to bed. Dave is working in his business rather than on his...
All businesses are the same- the average number of transactions multiplied by the average sale price equals turnover. Turnover multiplied by margin equals profit. To increase your profit all you have to do is increase one of these fundamental numbers; Number of...
If I sell an investment property, how much Capital Gains Tax (CGT) do I pay? In answering this question, we first have to establish the figure that is chargeable to CGT. In simple terms the amount that is chargeable to CGT is the Sales proceeds less acquisition cost...
