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A Practical Guide to Understanding Your Business Finances
Understanding your business finances is about far more than meeting your statutory obligations. While many business owners focus on sales and turnover, a deeper understanding of profitability, cash flow and overall financial performance can lead to better decision-making and long-term business success. The financial statements produced by your accountant can provide valuable insights into how…
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Why Every Growing Business Needs a Finance Director
Growth is a positive sign that a business is moving in the right direction. However, as turnover increases, complexity often grows even faster. More employees, customers, products, funding requirements, tax liabilities and cash flow pressures can quickly make running a business more challenging. At this stage, many businesses don’t have a finance problem. They have…
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Financial Controls Don’t Take a Holiday
Summer holidays are a great opportunity for staff to recharge, but they can also highlight gaps in a business’s financial processes. When key employees are away, important financial tasks can become harder to manage. Approving payments, checking bank accounts and keeping on top of day-to-day finances may be delayed, increasing the risk of mistakes and…
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August is the ideal time for a mid-year business review
While many business owners use the summer period to recharge, it can also be a valuable opportunity to assess financial performance and prepare for the final quarter of the year. We recommend reviewing: • Current profitability against budget • Cash flow forecasts • Outstanding debtor balances • Upcoming VAT and PAYE liabilities • Potential tax…
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Making Tax Digital: Are You Ready for 7th August?
Making Tax Digital (MTD) for Income Tax represents one of the biggest changes to the UK tax system in recent years. With the first quarterly submission deadline approaching on 7th August, now is the time for businesses to ensure they are prepared. MTD for Income is relevant to a wide range of people including all…
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Employee Benefits & P11D Review: Is Everything in Order?
The filing deadline may have passed, but now is the ideal time to ensure your employee benefits and reporting obligations have been dealt with correctly and efficiently. July is a good time to: ✅ Check all employee benefits have been reported accurately.✅ Ensure any Class 1A NIC liabilities have been paid on time.✅ Review company…
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Supporting the Timber Trade Benevolent Society (TTBS) Golf Day 2026
We were delighted to support the Timber Trade Benevolent Society (TTBS) Golf Day on 9th July, sponsoring a hole and entering two team members in the Rudders and Payne Trophy for Warwickshire. While we didn’t take home any prizes, it was a fantastic event and a pleasure to be involved. Founded in 1897, TTBS provides…
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Networking Breakfast Provides Property Market Insights for Midlands Businesses
Representatives from Burgis & Bullock recently attended Thomas Flavell & Sons Solicitors’ networking breakfast in Hinckley, bringing together professionals from across the region for a morning of networking, discussion and expert insight. Hosted at Understated Coffee, the event offered attendees the opportunity to build new connections, strengthen existing relationships and share knowledge with fellow professionals…
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Looking Back at the Hanbury Countryside Show 2026
It was great to see so many farmers, rural businesses and supporters of the agricultural sector at the Hanbury Countryside Show on 4 July. The event highlighted just how resilient, innovative and positive the farming community continues to be, despite the challenges it faces. Throughout the day, we spoke to many farming businesses that are…
Understanding your business finances is about far more than meeting your statutory obligations. While many business owners focus on sales and turnover, a deeper understanding of profitability, cash flow and overall financial performance can lead to better decision-making and long-term business success. The financial statements produced by your accountant can …
August 14, 2026
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