Posts by splash

We’re well into the final quarter of the year, with 2023 just a few months around the corner. But are you ready for the year-end? Lombard Accountants believe that it is important to have done your homework when it comes to planning your business journey for 2023 and beyond. Lombard Accountants will discuss the key…

Lombard Accountants know that rising global energy prices are a worry for all business owners. When the cost of your predicted annual bill doubles overnight, that’s likely to stretch your cashflow extremely thin. So, what can you do to overcome the problem of soaring electricity and gas prices? Lombard Accountants have outlined five simple ways…

Lombard Accountants believe that Christmas is a great time to let your customers and team members know how much you appreciate them. Lombard Accountants understand that after another unsettled year – it’s not easy to know how much to spend or whether to throw a party. Gifts, cards and donations The traditional professional Christmas gift…

Lombard Accountants know that if you’ve sold your business and have received the funds from the sale, you’re then faced with a big question: what happens next? Lombard Accountants understand that after guiding the helm of your company, it could be tough to let go. But if the circumstances are right, there’s no reason why…

Lombard Accountants understand that finding the deposit for your first house can be a struggle, and many millennials and Gen Z zoomers are turning to ‘The Bank of Mum and Dad’ (BOMAD) as their funding route of choice. Lombard Accountants will discuss the best ways to help if your kids come looking to borrow your…

Lombard Accountants understand that having a ‘corporate social responsibility (CSR)’ strategy was something that used to be the sole preserve of giant corporations. But with the social and environmental impacts of business evermore transparent Lombard Accountants believe that it’s good practice for every business – both large and small – to have a CSR policy…

Lombard Accountants know that keeping the business in a positive cashflow position is vital. But you can only do this if your cash inflows (sales revenues and other income) outweigh your cash outflows (overheads, supplier costs and other liabilities like tax costs or loan repayments). Lombard Accountants understand that one way to re-balance the cashflow…

Do you know how much it costs you to produce each product or service in your range? Lombard Accountants know that the better you can understand this cost of sales – or cost of goods sold (COGS) – the more ability you have to control your company’s profitability. Lombard Accountants understand that when you know…

Lombard Accountants know that cash is the lifeblood of any business – once the cash dries up, problems quickly begin to multiply. Lombard Accountants understand that if you can keep the cash running freely you can continue to grow your business. Here are five tips for improving your cashflow: (i) Have a system to manage…

Lombard Accountants believe that making time to look over your financial reports each month is an important task for any business owner. If you are not taking the time to do this, either because you’re too busy, or perhaps you don’t really understand what you’re looking at and it doesn’t make sense to you, then…