This week I want to talk about one of the most common bookkeeping mistakes we come across at Ozlop and how to tackle it: confusing statement of accounts with invoicing. The challenge is that some people wrongly believe that an ‘invoice’ and a ‘statement of account’ are the same thing, when the reality is that …
Why Confusing Invoices Can Mean Trouble For Your Business Read More »
There are many reasons why businesses have quiet periods, especially if its market is cyclical by its nature. But if you are concerned that a quiet spell is turning into a chronic problem then you may need to make some changes to revive its fortunes. Many business owners come to Ozlop when things are quiet …
You run a small business, things are going well and now you want to make some big investments, perhaps a costly new piece of equipment to provide a new service or a bigger van. But the big question is “will you get a good return” from spending this extra money, and how much extra income …
When Is The Right Time To Spend On Your Small Business? Read More »
Overspending can be disastrous for your business: after all, there’s no point in splashing out thousands on a fancy marketing material if you don’t have enough to pay the tax man.
All too often at Ozlop we meet small business owners who put their new ventures at risk simply because they fail to measure its success against a carefully considered business plan.
Rather than being a burden, Making Tax Digital is a blessing because it will get you up to speed with modern working techniques and force you to embrace the digital era.
Stress is a major concern for more than three-quarters of small business owners – hardly surprising given the demands of running a business.