Advice for small businesses - from Accountants on Hobson
BILLING OUT
1. Set and understand your charge out rate. Ensure they cover the costs associated with doing the job and pay yourself what you are worth. 💰
2. Always charge – free work won’t pay your bills. 💸
3. Charge higher for one-off work. You can reduce rates for regular or repeat work. 💲
4. Invoice out in a timely manner & follow up with slow payers.
5. Treat people well – bad service spreads quicker than good service. 👌
PAYING BILLS
1. Pay bills on time, including tax. ⏲
2. Keep suppliers in the loop if you are having issues. 📞
MONITORING
1. Set business targets and review them regularly – it’s okay to change them. 🎯
2. Invest in talking regularly with your accountant. ☎ They know how to help businesses improve. They do a lot more than just tax returns.
Poll: Would you rather: Christmas in summer forever or winter forever?
Just a bit of a fun poll to get you thinking.
If you had to live out your Christmas days, would you prefer it was a summer Christmas or a winter Christmas?
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63.3% Summer
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35.4% Winter
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1.3% Other - I'll share below
New Year, New Questions You Won’t Solve!
I get smaller every time I take a bath.
What am I?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Share your summer photos! 📷
Taken some beautiful snaps lately? Whether it's rainbows, sunsets or a beautiful summer's day, we'd love you to share the joy with us.
Share a photo in the comments below
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