Blog.

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...

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...

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...

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...

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...

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...

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.