What is a Benefit in Kind (BIK)

Be kind

How to pay myself in 2023/14
Owner managed businesses can typically decide how to pay themselves and this can be either a salary, dividends or a mixture of both.
If you are a Director and Shareholder of a Limited company, you may be wondering what’s the most tax efficient way is to pay yourself in the tax year 2023/24.

How to pay myself in 2023/24

Man paying with smartphone for online shopping. Paying using fast secure payment system. Paying bill

How to pay myself in 2023/14
Owner managed businesses can typically decide how to pay themselves and this can be either a salary, dividends or a mixture of both.
If you are a Director and Shareholder of a Limited company, you may be wondering what’s the most tax efficient way is to pay yourself in the tax year 2023/24.

Customer Retention

customers

Do you know how many customers you lost last year?
How does that figure compare to the previous 12 months?
More importantly, do you have a target for improvement for next year? What impact will this improvement have on your revenue, profit and cash flow?
Gaining new customers is a high priority issue and gets a lot of resource, lots of management focus and discussion time and is usually a key metric for every business.

Improving Gross Margins

Improving Gross Margins

Improving Gross Margins October 11, 2022 News Article Improving gross margins Your gross margin is the price of the item you are selling minus the cost of producing that item. This doesn’t include the cost of indirect expenses such as office expenses etc, only the cost of producing that item. So if you were an […]

Mini Budget Announcements

Budget

Mini Budget Announcements September 28, 2022 News Article Mini budget  UPDATE After the Chancellor, Kwasi Kwarteng, delivered his mini budget on 23rd September it was clear there was a tremendous amount of dissatisfaction amongst the political parties.   Just 10 days after it was announced, The Prime Minister and The Chancellor have now made a […]

Improving Cash Flow

Improving Cash Flow

Improving Cash Flow September 20, 2022 News Article Improving Cash Flow Cash is the oxygen to any business, when cash moves in and out at a healthy rate, your business is alive and kicking. When you have negative cash flow, you aren’t making enough money to cover the cost of your operations. Unless you can […]

Quick Win Cash Strategies

Quick Win Cash Strategies

Identify the opportunities for quick win cash generation and cost savings that are waiting to be exploited.