Blog.
Sharing insight and developing new ideas.
In our blog, we’ll cover a range of business topics to inform, engage, and entertain. Whether we’re talking about changes to cloud accounting, advising agency owners on the right pathway to growth, or giving updates on the latest government announcements, we’ve got your business in mind.
If you have any questions about our blog articles, please get in touch, and we’ll be more than happy to discuss them with you.
Tailored management accounts for agencies
There’s not a lot of point in having quarterly or monthly management accounts prepared unless they’re tailored to your industry to provide clear insight into your financial health and operating performance. Prospects have provided me with their recently prepared...
How to improve an agency’s job profitabilty
Job profitability is a key driver of an agency's success and financial health. It enables financial stability, growth, competitiveness, the ability to provide quality services to clients and an enjoyable experience for employees, making it an essential consideration...
How changing VAT schemes can help agency cash flow
Managing cash flow is a crucial aspect of running any business, and for marketing and communications agencies, it can be especially challenging due to the delay in receiving client payments. In this blog, we'll delve deeper into the VAT Cash Accounting Scheme, a...
Beware of the agency vanity metrics
You’ve heard the phrase that starts ‘turnover is vanity’ many times. When it comes to agencies, staff headcount and number of clients could be included with turnover. When we accountants first meet a prospect, we’ll often ask for these numbers but we’re trying to...
Dividends may no longer be the most tax efficient way to extract profits from a limited company
You could pay more tax than you need to if you continue to pay yourself from your limited company with a low salary and take the rest of your earnings as dividends. That’s because corporation tax on profits is moving from one single corporation tax rate to effectively...
Investing in training – the agency dilemma
A simple conversation on learning and development can typify the dilemma. Consider the following exchange that often occurs between a larger agency’s Managing Director (MD) or CEO and its Finance Director (FD) or Chief Financial Officer (CFO): FD/CFO: “What if we pay...
Why agencies should consider hiring apprentices
This week marks National Apprenticeship Week, a time for agencies to explore the incredible benefits of employing apprentices as a means to nurture and develop junior staff, filling crucial skills gaps while offering a viable alternative to internships. Through a...
Agency revenue recognition: more than just billing
Whilst many agency owners are attentive to invoicing, very few are unaware of what their actual revenue figure is as revenue recognition has not been adopted. Something I’ve often repeated in my career is “billing is not the same as revenue”, there is a huge...
Marking up third-party costs
I have noticed when reviewing terms over the past couple of years that an increasing number of large company clients are stipulating that agencies must not recharge third-party costs with markup.