Accountancy, business and other news.
The 4 Best Online Marketing Channels to Start Customer Conversations Content marketing is a powerful and cost-effective way of growing your fitness business, but many
What tax deductions might you be missing? They say that only two things are certain in life: death and taxes. Paying tax is inevitable but
How do you know if your fitness business is profitable? As a gym owner or fitness business owner, you always have a million-and-one things to
Why you should stop competing on price – and how to do it Many fitness businesses compete on price simply because they haven’t contemplated taking
What can a virtual finance director do for your fitness business? After a sustained period of growth, business owners often find themselves in a tricky
Why your credit score is good for the health of your fitness business An excellent business credit score can accelerate the growth of your
Four Business Technologies you will want to adopt Making sure your company keeps up with the best practices will guarantee future progress and keep your
Four tips for improving decision-making process Making the best choice can often prove challenging. Luckily, there are ways to make your decision-making skills better. People
How to use technology to boost member satisfaction There have never been more tools available for improving customer satisfaction. Use them to create lasting relationships
What to know before establishing a business Most business owners who fail to get their business off the ground do so because they rush in
Covid Losses Cash Back Bonus – Three year carry back COVID Losses Cash Back Bonus – up to triple the benefits! LOSS RELIEF TOOLKIT Due
How can gyms make a profit, besides membership? https://southbourneaccountancy.co.uk/wp-content/uploads/2021/05/Revenue-Streams.mp4 Over the past year gyms and fitness centres have been looking at different ways to add
Top seven tips for accurate cash flow forecasting Do you want to know how your gym or fitness centre will fare in the future? Apply
Three ways to battle procrastination Are you feeling a constant urge to delay important tasks? Here are some methods to stay productive and on schedule.
The best strategies for leading by example Taking responsibility, listening to your team, and knowing the ins and outs of your business can provide great
The five questions to ask every potential employee Asking the correct questions will speed up the interview process. But you can avoid the cliché questions
The accounting trends you need to know about in 2021 As a business owner, it’s important to stay on top of accounting trends and make
Why it matters that you use a life centred accountant If you want to create the life you want for you and your family then
How to develop a social media marketing plan Is your online presence not as rewarding as you want it to be? Maybe it’s time to
How much can I take from the business? Deciding how much to pay yourself as a business owner can be confusing. You have been told
Direct Debit will help your fitness business How do you currently collect recurring payments from members? During the past year we have all seen the
Four ways to reduce costs and boost your profitability Not sure why your bottom line isn’t pretty? Sometimes, overspending can hurt your profitability despite your
How to combat stress as an entrepreneur Being an entrepreneur is stressful. A small amount of stress can actually be a good thing as it
The Three KPI’s that every gym/fitness centre should track Discover for yourself whether you’re tracking the three most important KPIs. And if not, learn how
How to align your personal and business goals Knowing how to set business goals and align them with personal goals can increase productivity, profits, and
7 Common Money Mistakes for Gym Startups to Avoid Smart financial management is essential for any business, no matter how big or small. However, it
Why you should use Xero in your gym or fitness business When you as a gym owner or fitpro use Xero, your business is better
Ensuring brand consistency – The four practices to follow Larger teams have a greater risk of misrepresenting the brand. Maintain brand consistency, ideally from the
How to set up and maintain a budget for your gym startup Creating and following a realistic budget for your gym is essential. In fact,
5 simple way to improve cash in your start up business Cash is king in business and good cash flow management is essential for the
How to get started with Southbourne Accountancy I have created this page as I know if the process is not clear, it can be a
Why direct debit is beneficial to you When deciding which accountant best suits your business, understanding how you will be charged for those services may
Thinking of changing accountant but worried that it is too hard or you are too busy I have seen this regularly, you are comfortable with
How much does accounting cost for gym owners? This must be the most common question I am asked and let’s be honest we all expect
Do you really need an accountant for your gym business if you use Xero? So, you have cloud accounting software in your gym business, your
Brexit: VAT’s it all about? It’s been over a month since the EU-UK trade deal changes came into effect and the Brexit transition period came
5 common accounting mistakes that could hurt your gym business Many gym and fitness centre owners – especially those just starting out – tend to
More money for your business than you know Even with a little glowing light at the end this unimaginably long tunnel, it does feel like
Should you voluntarily register your fitness center / gym for VAT? You are considering starting up a new fitness facility and the outgoings are racking
Why our tax service is different and how does it benefit you? There are 3 ways that we deliver over tax service to you as
Accounts are not the enemy of Sales Today at Southbourne Accountancy, we are excited to have a guest joining us – John from Fresh Eyes
Independent Gyms Partnership announcement The wait is finally over – we’re really excited to let you all know that the brand new Independent Gyms Platform
7 signs that your business is leaking profit …..and you need to hire an accountant 7 signs that your business is leaking profits and you need to
What are trivial benefits? Should you care? What are trivial Benefits? Trivial benefits are best described as small ‘token gifts’, given by management to their
Collect your debtors faster Did you know that you still have to pay tax on your debtors, even if you haven’t yet collected them? This is because
Understanding your strengths and identifying your weaknesses The more you understand about your business, your market and your competitors, the better prepared you are for
Your job description as a Director Most business owners know that every member of their team needs a job description, which should include: Clearly outlined
Prime example of maximising extracting value from your business Let me introduce Gwil, a business man who knows what he wants; he wants to save
32 ways to get the maximum value out of your business A question I get asked all the time is: ‘What can I take out
Stop! You are not getting the tax advice you need….and deserve There’s an unspoken truth when it comes to tax advice: for business owners, there’s
From Zero To Hero Event Learn how to be wildly profitable with ease even if you’re a newbie! We help you to go from zero
Find R&D Tax Relief in Food & Drink AM I ELIGIBLE TO MAKE A CLAIM? The key questions to ask yourself for any project you
Southbourne Accountancy in partnership with Starling Bank Southbourne Accountancy are delighted to partner with Starling Bank to bring a fresh approach to business banking to
Finding R&D in Beauty & Cosmetics R&D TaxRelief might not seem glamorous, but it is incredibly relevant for businessesin the beauty industry. There’s a huge
Fed up of chasing payments? Fed up of chasing payments and continually stressing about those awkward unpaid invoice conversations? Join me on Wednesday 4th November, when
Can businesses making a loss claim R&D? This is a question that comes up a lot. The quick answer, if a business is making a
Finding R&D tax relief in: Construction AM I ELIGIBLE TO MAKE AN R&D TAX RELIEF CLAIM? The key questions to askyourself for any project you
Why now? Preparing for your R&D claim People Costs Beginning preparations for R&D claim well in advance of the deadline is key to ensuring you
Work Hard, Play Hard….Protect Your Success As a business owner I’m driven by two things: working hard to protect my future and success for my
COVID-19 SUPPORT: IMPLICATIONS TO R&D CLAIMS Coronavirus Business Interruption Scheme Loans: Companies that take out a loan via the Coronavirus Business Interruption Loan Scheme must
Why now? Preparing for your R&D claim Subcontractor costs For businesses that know they can make an R&D Tax Claim it might feel like you
The very real cost of DIY R&D claims If I’ve caught your eye with this, I’m going to guess you’re either the business owner, or
3 businesses lose £150k in R&D tax relief The tales of R&D At first glance you might think this is an article about claims that
5 ways R&D could save your business 1. R&D Tax Relief for a business with no previous claims An SME company that qualifies for R&D
Finding R&D in Software (Yes even in Sports and Fitness) Normally, when it comes to software, R&D is found in developing new techniques for building
WHAT IS KEY PERSON INSURANCE? Key Person Insurance is a form of commercial insurance which protects businesses against the financial loss it would suffer if a person considered a vital cog in their
Understanding your profit and loss statement Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income
Without Tax Diagnostic Software, your accountant cannot make you as tax efficient as possible…… We can. Tax is complex. You may or may not know it, but the
Understanding statement of cash flow Revenue is vanity, profits are sanity, but cash is king – or so the saying goes. That’s because cash is
Successfully grow your business Looking to scale your business? Many leaders rightly focus on improving their systems and teams, but you must also scale yourself
How financial ratios will help you build solid foundations for your business. As a business owner you will own lots of assets, owe other businesses
Research and Development – How to get more cash back into your business In February 2020, the government pledged to increase public investment in R&D
Are you eligible for R&D? Are you eligible for R&D? Some people enjoy reading long blogs whilst others prefer something quick to skim such as
Want to find out more Arrange a 15 minute call with our R&D Tax specialist. Contact us Company Services About us Cookies and Privacy Policy
Management Reporting – What is it and do you need it? As a limited company you know that you must file a set of accounts
How can gym management software help your business grow? Whether you own a fitness facility or are considering opening one, choosing the right gym management
Have you claimed your google business listing? If you want information on any subject nowadays you usually ‘google it’! For this reason, it’s essential to
Why a cheap accountant may not be the answer to all your dreams! So you have decided to delegate your business finances, this can be quite daunting as
When you start using Xero, you’ll wonder how you ever managed without it. We’re big fans here at Southbourne Accountancy and know how happy clients
If you are always looking in the past, you will limit the insights you can gain. Forecasting switches your focus; it encourages you to take
Top 8 things to outsource in your business Are you looking to scale your business? Then you will need to work more “on it” and
What does coronavirus and hair have to do with mindset? During the lockdown I am sure you have either complained about your hair or seen
Why businesses fail without good bookkeeping Don’t drive your business blindly – ensure your business is viable. Bookkeeping is the recording and classifying all the
The top 7 mistakes fitness businesses are making In the current climate we may be feeling scared, worried, and unsure if we should be marketing
Free cash flow forecast template https://southbourneaccountancy.co.uk/wp-content/uploads/2020/03/5-_-Loom-_-Free-Screen-Video-Recording-Software-5.mp4 It’s critical that you review your current spend levels and establish business critical spend, and if relevant, your cash
Download this free guide for fitness businesses. Help your business avoid a cash problem. Improve the cash in your bank.
Don’t let a poor pricing strategy impact your profitability.
As a business owner, it’s essential that you protect yourself, your business and your clients’ by taking out an adequate, industry-specific insurance policy. It is better
Virtual Finance Director, VFD, outsourced advisor, management accountant, finance business partner – there are so many names and descriptions to contend with in the finance
3 Key numbers every business owner must know. IMPORTANT – this will help your business if you take action. Get to know those numbers.
Why choosing a local accountant is not always the best option Does location matter? The era of searching for an accountant in West Sussex, in
Cash solves problems, cash is king What is cashflow? Snapshot of business finances, it is a picture of money flowing in and out of a
Southbourne Accountancy & Business Services has been selected as one of the four accountancy firms who will form part of the #classof2019 AccountingWeb series. Debbie
Whether you are running a start-up or a large business, all companies must hold board meetings and here are a few tips to make them
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