Blog
Resources to support your journey. Ideas to spark potential
Top Tax Tips
We are often asked for ideas about how to generate tax savings. It stands to reason that everyone wants to hold onto more of what they earn. Applying these ideas is often very personal to your circumstances, so make sure you pick up the phone or drop us an email...
Get on top of your business growth
We often join boardroom discussions and hear business owners describe their frustrations at being stuck in the day to day detail. They need move from working in their business and instead work on it. On your own this however is easier said than done. You know your...
Get finance fit
Tired of feeling like a seven-stone weakling, trying to fight your corner against the bully-boys of inflation, big business, recession and the cost of living? Not any more. It’s time to flex your financial muscles and adopt these healthier wealth habits. It might...
How low can you go? Protect your profit by ditching discounts
If you constantly feel pressure to lower your prices – sometimes without being asked – there are more solutions on offer than offering a discount. And, once you take the price reduction off the table, you’ll be surprised at the number of ways to add value without...
Winning with nil
Kwasi Kwarteng’s barely settled into the Chancellor’s chair – but the income tax shake-up in his first mini budget is causing shockwaves throughout the economy. There are, though, other ways to minimise the amount of your pay that you send to the Treasury. All it...
Facing your financial demons: Conquering the issues you’ve been avoiding
Which would you rather do right now: 1. Stick pins in your eyes 2. Listen to that Baby Shark song on loop for 48 hours 3. Sort out your finances around what happens if you or a partner dies? Yep, I bet you said either a or b. Or both a and b. Anything to avoid c....
The plain-speaking guide to cryptocurrency for SMEs.
Even if you’re still feeling a bit baffled by cryptocurrency, it’s impossible to ignore. And it throws up lots of questions for businesses. Should we accept it as payment? Should we invest in it? What are the tax implications? What other hurdles might tripus up? All...
Your digital toolbox: The business owner’s guide to timesaving tech
Are you sitting comfortably? Then stop! Getting too comfortable with the old ways of doing things could mean you’re missing out on fresh technology and ideas that could save you money and time – and keep your data more secure. Let’s take a look at a few we’ve found...
Make your business greener – without blowing the budget
Doing our bit for the planet is within our power – but let’s be realistic: SMEs have to balance goodwill with the bottom line. It’s about valuing the ‘me’ as well as the ‘we’, right? That’s where the good news comes in. Many green initiatives are good for planet,...
Electric cars – the bonus benefit for businesses
We all know that switching from gas guzzlers to electric cars is an important move for the planet. But there’s a hidden benefit for your business too. One that might make you revolutionise your attitude to company cars. Intrigued? Let’s take a look under the bonnet....
A financial guide: April 2022
Any accountant armed with a calculator, a grey suit and an internet connection can tell you all the boring financial rule changes about to click into law this month. But what do they really mean for your business – and what do you need to do about them? Here’s our...
Better together: Northern Tonic teams up with TMC
If you’re already a Northern Tonic client, you’ll know we pride ourselves on continually expanding and improving the services we offer you. That’s why we’re excited to welcome York-based accountants TMC to the Northern Tonic family. Annual tax and VAT changes – as...
Today’s leader: the sometimes surprising skills you need as your SME grows
Author: Rob OrmistonAre you a dynamo or dinosaur? If you haven’t worked on your leadership skills since the pandemic hurled our working worlds upside down, you might be heading straight for an exhibition at the Natural History Museum. Today’s leader is a different...
Anti-vaxxers and the highly anxious: thriving through the latest coronavirus challenges.
Author: Rob OrmistonThe post-Covid recovery has enjoyed more false dawns than an insomniac chugging double espressos. While any talk of green shoots comes with a lot of touching wood and warnings of ‘you never know what’s around the corner’, every business needs to...
What the surge in house prices tells about how businesses can successfully emerge from the pandemic
Author: Rob OrmistonRightmove – the property listings website - has published data showing an 8% increase in prices month on month for a third consecutive month – the largest June increase in Rightmove’s index since 2015. The Bank of England put this continuous surge...
Building staff levels whilst meeting demand and managing cashflow: The challenge facing the hospitality and retail sectors
We recently wished our clients - especially in the retail and hospitality sectors - lots of luck and goodwill as they opened their doors to customers once again, able to fully open up as the Covid pandemic restrictions ease. It has been alarming, touching base with...
Are you comfortable with your company’s carbon footprint?
Author: Rob Ormiston Many people and companies will have posted about Earth Day today. As a relatively new company, taking on premises, building a team and fresh new ways of working, our carbon footprint and impact on the environment has been at the forefront of my...
Accounting in the Cloud- 5 myths busted
Author: Rob Ormiston There is a lot of hog wash talked about cloud accounting. Cloud accounting can feel daunting to business owners – like many new technologies – and as a result I come across a lot of myths and misnomers that I am keen to set straight here. Put...
Financial Management: Weathering the Storm
The pandemic has created massive confusion and uncertainty. You could be forgiven for thinking that everything we know has changed and you will have to start again. One thing that is true is the impact on different businesses has varied wildly. Whilst some have found...