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COVID-19 and Summer Update

COVID-19 and Summer Update

Coronavirus Job Retention Scheme (CRJS) In our last update we detailed the changes and extension of the CJRS – here’s a quick overview to recap: From 1st July flexible furlough is in place; employees can work hours at full pay, and still be furloughed for hours they...

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Big Company Accounting for Small Businesses

Big Company Accounting for Small Businesses

Big company accounting for small businesses is a term we at Elite Accounting sometimes use when describing ourselves – this is what we provide. But, what the heck does that actually mean? Well, here are some practices medium, large and corporate companies do from an...

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What and How to Outsource

What and How to Outsource

Outsourcing is the function of buying in outside expertise for a specific task or project that you don’t have the want, time or skillset in-house to do. There can be many benefits of outsourcing in business, here are a few of them: Efficiency improvementAccess to high...

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The Business Owner’s Mindset

The Business Owner’s Mindset

Now, I am by no means a psychologist.  I do, however, find the subject fascinating.  So, when a contact mentioned that their business tended to come from people either interested in sports or who were sports people, this made me think… Why was that? ...

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Pricing Strategies

Pricing Strategies

When looking at ways to affect and improve profit there are lots of areas that you could focus on.  All of the activity in your Profit & Loss Account is ultimately added up to equal profit – these are a lot of components to think about. So where do you start?...

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Cost Benefit Analysis & Decision Making

Cost Benefit Analysis & Decision Making

This is an important topic the more your business grows.  You will have decisions to make, and you may not always be sure if it’s the right decision or not.  This article will talk about how you can help yourself reach the answer. Cost benefit analysis and...

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Key Areas for Success

Key Areas for Success

Building a successful business, and running and maintaining a successful business, isn’t easy.  In small businesses in particular it’s often a juggle between the various different aspects of the business that could be focussed on.  And there’s definitely no...

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Bounce Back to Business

Bounce Back to Business

The Coronavirus pandemic and it’s affect on the world, life and business came pretty much out of nowhere earlier this year.  In January we would never have believed what was in store for 2020; social distancing, lockdown and the disruption to businesses...

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The Benefits of Forecasting in Business

The Benefits of Forecasting in Business

In business we can be guilty of sticking our heads down, getting on with the work and the doing, without taking time to look forward.  When that becomes the business norm, however, and the forward looking stops, that’s when things can become somewhat dangerous....

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